Save Money with the Right Mortgage Options.

You are on: Renewing or Refinancing Your Mortgage

Whether you're renewing your RBC Royal Bank® mortgage for the first time or want to refinance your mortgage to consolidate debt or finance a renovation project, we're here to help you save money with the right mortgage options.


You are on: Renewing Your Mortgage

Renewing for the first time? Have questions?

Call 1-800-769-2511 anytime day or night or visit your branch (opens new window) to talk about your options and lock in a competitive rate for your renewal.

Benefits of renewing your RBC mortgage

  • Expert advice: Renewal time is a great opportunity to review your current mortgage needs. When you call or visit us, we'll help you figure out what's best for you going forward and help you save as much money as possible.
  • 120-day early renewal option: Renew your mortgage early without any penalties2. This could save you in interest costs if rates rise before your regular renewal date.
  • 30-day renewal rate guarantee: When you renew at maturity, you are protected from a rate increase for the interest type and term you selected in the 30-day period prior to your regularly scheduled renewal date. If the rate goes up before then, you'll receive the lower rate.
  • No re-qualification required: If you're renewing an RBC Royal Bank mortgage, you don't have to re-qualify at renewal time.

Find Out More (opens new window)

To renew your mortgage and lock in a competitive rate, call 1-800-769-2511 or visit your branch today!

You are on: Refinancing Your Mortgage

Refinancing to use the equity in your home

Whether you want to consolidate debt, renovate your home, or make a large purchase, we make it easy to use the equity in your home to help achieve these goals.

Expert advice and flexible solutions

An RBC® mortgage specialist will look at your current home equity and your goals for the future to recommend the best solution. Depending on your situation, here are a few of the refinancing solutions that may be available to you:

  • Mortgage Add–On (opens new window)
    With our Mortgage Add-On option you can borrow up to 80% of the appraised value of your home, minus the remaining mortgage balance3.
  • RBC Homeline Plan® (opens new window)
    If you have 20% or more equity in your home4, the RBC Homeline Plan® is a smart and easy way to manage all your borrowing needs under one simple, flexible plan.
  • Secured Line of Credit (opens new window)
    You may be able to fully secure a Royal Credit Line® with a registered collateral mortgage on your principal residence. With a secured credit line, we can offer you a lower interest rate than we could with a regular, unsecured line of credit5.

Start your pre-approval for refinancing online

It's easy and takes just 5 minutes. A mortgage specialist will be in touch within 24 hours to help you complete the pre-approval application.

Start Your Pre-Approval


Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties.


Switch to RBC

We make it easy to switch your mortgage to RBC Royal Bank.

Find Out More (opens new window)