Refinancing To Use The Equity In Your Home

Thinking of renovating your home? Want to consolidate debt? We make it easy to use the equity in your home to help achieve these goals. It's a lower cost way to borrow allowing you to access additional funds by adding them on to your existing RBC Royal Bank mortgage.

With our Mortgage Add-On Option you can borrow up to 95% of the appraised value of your home, minus the remaining mortgage balance⁽⁵⁾.

You're in Complete Control

With the mortgage add-on option, you can use the money whenever you want, for whatever you want, including:

• Renovating your home
• Purchasing another property
• Buying a car or boat
• Paying for your child's education

Consolidate and Save

The mortgage add-on option allows you to refinance your mortgage to consolidate your debt — including high interest credit card balances and loans — at a lower rate of interest. There are some costs associated with this option.

Just imagine how much you'll save. Plus, you'll enjoy the added convenience of having all your debt in one place, where you can pay it off each month.

Renegotiating Your Fixed Rate Mortgage

If you're thinking about renegotiating your current fixed mortgage rate to take advantage of lower rates, consider what your prepayment charges will be.

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