Switch to an RBC Royal Bank Mortgage

You are on: Benefits

Benefits of Switching to an RBC Mortgage

• Expert advice: Your mortgage specialist will ask you about your short- and long-term financial goals and plans for your home. He or she will then explain the types of mortgages available to you, the terms and the rates to help you choose the ideal mortgage for your situation.
• Simplicity: We take the inconvenience out of switching your mortgage by contacting the financial institution that's currently holding your mortgage and making all the arrangements for you.
• A name you can trust: Royal Bank of Canada is the largest bank in Canada³⁵ and one of the brands most trusted by Canadians³⁶. We can offer you straightforward financial solutions along with practical advice and personal service.
• Low or no cost to switch: Talk to a mortgage specialist to see how RBC can reduce or eliminate the cost of switching your mortgage.

You are on: Transfer in 3 Easy Steps

Transfer in 3 Easy Steps

When you switch your mortgage to RBC, we take care of the details for you. Here are a few easy steps to get you started:

Step 1:	Start your mortgage pre–approval online—you'll be done in about 5 minutes! You can also contact a mortgage specialist by calling 1-800-769-2511 or searching for a specialist in your area.
Step 2:	Sign a permission form that allows RBC Royal Bank to obtain a mortgage payout statement from the financial institution that currently holds your mortgage.
Step 3:	Sign a document to transfer title on the mortgage to RBC.

You are on: Featured Rates

Featured Mortgage Rate Offers

When you switch your mortgage to RBC Royal Bank, you can choose from a wide range of mortgage terms. Below are just a few of our current special rate offers:

Fixed Rate Closed Term Mortgage Rates ¹

Mortgage Term	Special Offers 2
4 year	Call for details
5 year	Call for details
7 year	3.590%(5)

View Mortgage Rates

1. Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.
Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties.

2. Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at any time, without notice.

5. APR 3.610%. Offer expires May 31, 2013.

The annual percentage rate (APR) is based on a $ 200,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

For mortgages approved on or before May 31, 2013 funds must be advanced within 120 days of date of application in order to qualify for the Special Offer rate.