Before choosing a mortgage, it’s important to know your current financial situation, your financing goals and preferences, and how much you have available for a down payment.
Here’s a brief overview of three RBC Royal Bank® mortgage products to consider as you explore your options.
Thinking about buying a rental or vacation property or need cash to help with the costs of buying your first home? RBC® offers three specialty mortgages that could provide the financing you need. Here’s a quick rundown of the options:
Speak with a mortgage specialist to discuss all the mortgage options available to you and your particular situation.
If you are ready to make a decision, start your online mortgage pre-approval now.
1 Default insurance required for all financing over 80% of appraised value of vacation home and in some cases, depending on the property type and other factors, for financing over 65% of the appraised value of vacation home. Default insurance premiums apply. Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions and exceptions apply. Ask for details.
2 Cash back is paid on the date the mortgage is advanced. If the mortgage is not advanced, no cash back will be paid. If you choose to break your mortgage commitment for any reason prior to maturity, you will be charged the cash back amount pertaining to the remaining term of the mortgage.
Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply.