RBC’S CASH BACK MORTGAGE COVERS MANY HOME BUYING EXPENSES
And More than just Toronto Land-transfer Taxes
TORONTO, November 27, 2007 — RBC Royal Bank wants to remind homebuyers in all parts of Canada that its cash back mortgage, can be used for land-transfer tax payments or other expenses related to purchasing a home.
“RBC has had cash back available for all homebuyers regardless of where they live or whether they are purchasing new or resale homes since 2000,” said Catherine Adams, vice-president, Home Equity Financing. “Whether it is paying the new land transfer tax in Toronto, new appliances in Calgary, or furniture for the baby’s room in Halifax, RBC’s cash back mortgage offers home buyers cash back and the flexibility to cover some of the costs of moving into a new home.”
RBC’s cash back mortgage is available on one to ten year fixed rate closed term mortgages and on the five year variable rate closed term mortgage. The amount of money received is based on the size and term of the mortgage.
