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Time to move? Take your RBC Royal Bank® mortgage with you and save.

At RBC Royal Bank, we know that your life plans and mortgage plans don’t always match up. That’s why we offer existing homeowners the flexibility to keep their mortgage as they move from one home to the next.

Porting your mortgage to a new home (also known as transferring or moving your mortgage) can help you to save money when your existing mortgage rate is lower than current rates.

How Porting works

You may be able to transfer the interest rate as well as all the existing terms and conditions of your current RBC Royal Bank mortgage to your new home purchase42.


How Porting can save you money

Moving or porting your existing mortgage can often save you money on interest and other charges.

  • Porting your mortgage lets you transfer your existing interest rate and terms to your new home42. If you have a great rate, chances are you don’t want to lose it!
  • Even if you require a larger mortgage amount for your new home, and want to keep your favourable rate you can blend the existing fixed rate mortgage with new funds at the current rate to get a better overall rate. For variable rate mortgages, the existing pricing will apply to any new funds for the remainder of the term. With an RBC Homeline Plan® you can open additional mortgage segments at current rates to cover the additional funds that you require43.
  • You’ll avoid prepayment charges that are applied when breaking a closed mortgage early. Depending on how much time is left on your term, these savings can be significant.

Keep in mind that even though a mortgage portability option can help you to save on costs, a processing fee, which includes fees associated with determining the value of the property, is still required. In addition, your lawyer will charge legal fees to register the mortgage on your new home.


Is it right for me?

To find out if porting your mortgage makes sense, speak to your RBC mortgage specialist or use our Mortgage Pre-Payment Charge calculator (opens new window) to see if you’ll save or break even.


Get started!

Start your portable mortgage pre-approval online. An RBC mortgage specialist will be in touch within 24 hours to review all the mortgage options available for you, and help you complete your pre-approval application.

Our safe and secure online pre-approval involves 3 simple steps and can be completed in 5 minutes.

Start Your Pre-Approval


Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria.

Speak to your RBC mortgage specialist or Branch for details.