A low mortgage rate is a good thing. It's just not the only thing. When you're shopping for a mortgage, you should ask yourself:
Can I choose a combination of cash back and rate reduction?
Can I get a no-haggle rate on a wide range of terms?
Are the payment options flexible - and can I skip a payment?
Does my rate remain discounted over the entire mortgage term?
At RBC Royal Bank, we believe the answer should be "yes" to all of these questions. That's why our mortgage specialists offer a wide choice of terms and options so you can tailor your mortgage to match your goals and desired level of risk.
Long-Term Mortgages: Long-term mortgages let you take advantage of low rates - and let you get on with your life.
Short-Term Mortgages: Perhaps you're expecting your circumstances to change in the near future or want to take advantage of the lowest rate possible.
RateCapper® Mortgage: With our 5-year RateCapper mortgage, you'll never pay more than a maximum capped rate, no matter how high our Prime Rate may rise.
Cashback Option: Use cash back for things like closing costs, renovations and appliances. Or, use the money for prepayment of your principal - and save.
