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Two Options for Canadians to Tap Into U.S. Equity1

Borrow the amount that you need - up to 80% of your home's value - and preserve the credit you have available in Canada.

Mortgage Refinancing1

Consider this option if you want:

  • A lump sum of cash with monthly payments amortized over 30 years – spreading out your cost of foreign exchange
  • Our lowest interest rates - locked in for a 3-, 5-, 7-, or 10-year term2
  • The ability to make lump-sum payments at any time with no pre-payment penalties

$0 underwriting fees on new eligible mortgages until September 30, 20203

Call to Apply: 1-866-283-5928

Home Equity Line of Credit (HELOC)1

Consider this option if you want:

  • Peace of mind of having U.S. cash when you need it without concern for fluctuating foreign exchange costs
  • Interest-only payments for a 10 year draw period
  • No minimum balance, usage or draw requirements
  • Access to funds online, anytime

You could save thousands on closing costs with our No-Fee HELOC until September 30, 20204

Call to Apply: 1-866-283-5928

The Only U.S.-Based Bank Designed Specifically for Canadians

For over 16 years, RBC Bank has been helping Canadians make their U.S. home ownership dreams come true.

RBC Bank offers mortgages in all 50 states. Refinances and Home Equity Lines of Credit are available in every state but Texas.1
Apply online or over the phone, your Cross-Border Mortgage Advisor will guide you through the process. In most areas, you can even complete your closing from Canada or with a Power of Attorney so you don’t need to cross the border.
Our team of Cross-Border Mortgage Advisors understand the needs of Canadians, will translate the differences in the U.S. mortgage process and help you determine which kind of loan is right for your needs.
You’ll have access to a team of experts on all of the considerations that come along with tapping your U.S. equity including taxes, foreign exchange advantages and ownership issues.
No need for a U.S. credit history; we’ll use your Canadian credit history to help qualify you.

As a mortgage or HELOC client, you'll enjoy our U.S. Premium Checking account with the monthly fee waived, providing you

  • Unlimited transactions
  • Unlimited cross-border transfers and instant exchange between your RBC Canadian and U.S. bank accounts - available 24/7 through online or mobile banking5
  • Preferred foreign exchange rates
  • Over 50,000 no-fee ATMs nationwide6
  • Easy access to pay your U.S. mortgage and U.S. bills

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No Annual Fee U.S. Credit Card with Rewards

Visa Signature Black

  • No annual fees7
  • Make transactions in U.S. dollars and save on foreign transaction fees
  • Earn 1 RBC Rewards point for every $1 spent8

Get Your Free Guide to Using Your U.S. Equity

Use this guide to learn:

  • How to use your U.S. equity to your financial advantage as a Canadian
  • How much you may be able to borrow and your options for accessing equity
  • Benefits and considerations of each home equity option
  • Differences between Canadian and U.S. home equity financing
  • Tax and insurance considerations

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Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

RBC Bank, Equal Housing Lender.Lender
**
RBC Bank is RBC Bank (Georgia), National Association (“RBC Bank”), a wholly owned U.S. banking subsidiary of Royal Bank of Canada, and is a member of the U.S. Federal Deposit Insurance Corporation (“FDIC”). U.S. deposit accounts are insured by the FDIC up to the maximum amount permissible by law. U.S. banking products and services are offered and provided by RBC Bank. Canadian banking products and services are offered and provided by Royal Bank of Canada. All deposit accounts, loans and lines of credit are approved by RBC Bank. U.S. deposit accounts are not insured by the Canada Deposit Insurance Corporation (“CDIC”). RBC Bank – 8081 Arco Corporate Dr, Suite 400. Raleigh, NC 27617. www.rbcbank.com