1) We will pay the basic title insurance fee (not including migration fee), appraisals/property valuation fee and one discharge/switch out fee at another financial institute (up to $300 maximum). Offer excludes mortgage payment charges that you may have to pay. Minimum advance $50,000.
2) Savings based on $100,000 secured line of credit with interest being paid over 10 years comparing a 3.5% and a 4.0% annual interest rate. The interest rate will fluctuate with the Prime Rate and is subject to change at any time without notice. Rate is effective as of February 10, 2012. The Prime Rate as of May 15, 2025 is 4.950%. Personal lending products and residential mortgages are provided by Royal Bank of Canada and are subject to its standard lending criteria.
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