RBC Homeline Plan^®

You are on: Features and Benefits

Whether you're looking to buy a home and have a 20% down payment, or you're an existing homeowner with at least 20% equity in your home, the RBC Homeline Plan could be the right solution for all your borrowing needs.

Manage Your Mortgage and Personal Credit under One Plan

With the RBC Homeline Plan, you have access to our Royal Credit Line^® and Royal Bank^® mortgages all in one plan, which you can designate for different needs, including home renovations, a new car, a vacation or your child's education. Plus, it's a great way to save money by consolidating any existing debts in your line of credit, under a lower interest rate.

Put the Equity in Your Home to Work for You

Through the RBC Homeline Plan, the money is yours to use any way you wish. As you pay down your mortgage balance(s), your primary Royal Credit Line limit automatically increases, providing you with access to additional credit whenever you need it.

And, you can easily access funds from your credit line through online banking, ATMs, any RBC^® branch or by writing a cheque.

Split Your Mortgage between Fixed and Variable Rates

The RBC Homeline Plan allows you to split your mortgage and enjoy the advantages of both variable and fixed rates! The variable portion lets you take advantage of potential long-term savings, while the fixed rate portion protects you if rates rise.

For example:

• 50% of your mortgage could be fixed for 5 years
• 50% of your mortgage could be in a 5-year variable rate mortgage

In addition, the percentage⁽²⁵⁾ split does not have to be 50/50.

Example of How You Can Save

The chart below illustrates just one example of how the RBC Homeline Plan might work for a Canadian homeowner with a mortgage, car loan, line of credit and outstanding credit card balances.

	Amount	Interest	Monthly Payment
Without RBC Homeline Plan
Mortgage	$100,000	6.00%	$639.81
Car Loan (5-yr amort.)	$27,000	8.00%	$547.46
Line of Credit	$9,500	7.50%	$59.38
Credit Card	$4,250	19.50%	$69.06
Total	$140,750	6.89%(1)	$1,315.71
With RBC Homeline Plan
Mortgage 1	$50,000	6.00%	$319.90
Mortgage 2	$50,000	4.75%	$283.73
Car Line of Credit (5-yr amort.)	$27,000	5.50%	$515.73
Line of Credit	$13,750	5.50%	$63.02
Total	$140,750	5.41%(1)	$1,182.38

Savings With RBC Homeline Plan

Savings With RBC Homeline Plan
Monthly Savings	$133.33
Annual Savings	$1,599.96

1. weighted average. Rates shown are for illustrative purposes only.

You are on: Payment Options

Select Your Payment Schedule

When you first set up your mortgage, you can choose from several payment options, including monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payments.

• Choosing Your Payment Schedule

Choose Your Amortization Period

At RBC Royal Bank^®, you can select an amortization period between 5 and 35 years. This is the length of time it will take to pay off your mortgage.

• Choosing Your Amortization

Pay Down Your Mortgage Faster

You can also reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by:

• Making Double-Up^® Payments
• Making Principal Prepayments
• Increasing Your Monthly Payments

Enjoy Other Flexible Payment Options

If you ever need to free up cash for another purpose, you can also skip a mortgage payment once every 12 months:

• Skip-A-Payment^®

You are on: Rates and Terms

Special Offers

The RBC Homeline Plan is available with a variety of rates and terms. Below are several of our current special offers:

Fixed Rate⁽¹⁾ Closed Term Mortgage Rates:

Fixed Rate1 Closed Term Mortgage Rates:

Term	Posted Rate	Special Offers(2)
5 Year	5.59%	4.29%(3)

Variable Rate⁽⁴⁾ Closed Term Mortgage Rates:

Variable Rate Closed Term Mortgage Rates:

Term	Posted Rate
5 year	RBC Prime Rate + Call for details(5)

Today's Royal Bank of Canada Prime Rate:

Today's Royal Bank of Canada Prime Rate

RBC Prime Rate	2.25%

View all rates

Learn More

• Down Payment Options
• Closed, Convertible and Open Mortgages
• Mortgage Rates: Fixed and Variable
• Amortization

1. Interest rate is an annual rate and is compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.

2. Rates shown are Royal Bank of Canada's special discounted rates and are not its posted rates. To calculate a rate discount compare the rate noted above against the posted rate.

The annual percentage rate (APR) is based on a $100,000 mortgage for the applicable term assuming certain cost of borrowing charges (for example, appraisal fees). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

3. APR 4.32%. Offer expires December 31, 2009.

4. Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate.

5. APR 2.29% based on today's Royal Bank of Canada Prime Rate of 2.25%.

Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Offer may be changed, withdrawn or extended at any time, without notice.