Mortgages

Everyone's mortgage needs are unique. Our customized mortgage solutions are designed to help you achieve your goals.

Start Down the Road to Home Ownership

Whether you're buying your first home or your next home, we have the tools to help answer your questions every step of the way:

• How much can I afford?
• What will my mortgage payments be?
• Which type of mortgage is right for my needs?

Start Online Pre-approval

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

Renewing your RBC^® Mortgage?

Whether you are renewing now or in the future, give us a call at 1-800-769-2511, 24 hours a day, 7 days a week. We can help you tailor a mortgage solution based on your financial needs, and offer advice on the options available to you at renewal time, such as:

• Split Your Mortgage with an RBC Homeline Plan^®
• Is a Variable or Fixed Rate Mortgage right for you?
• Learn How to Become Mortgage Free Sooner

Learn more about Renewing

Calculate your Mortgage Payments

Are you on the right mortgage term and payment schedule to meet your goals? Compare different mortgage payment solutions and scenarios.

* Required Information

Mortgage Payment Calculator
*Mortgage Amount:	$
Mortgage Amount Enter your proposed mortgage amount or existing mortgage balance.
*Rate Type:	Select... Fixed Variable
Rate Type A fixed rate term gives you the security that your rate and amortization does not change. A variable rate term gives you the opportunity to reduce your amortization and save interest in the long run. A variable rate is based on our prime rate and will change when our prime rate changes.
*Interest Rate:	%
*Interest Term:	* Interest Term: Years Months
Interest Term The length of time that the mortgage terms and conditions (including interest rate) are in effect.
*Payment Frequency:	Select... Monthly Semi-monthly Bi-weekly Weekly Accelerated Bi-weekly Accelerated Weekly
Payment Frequency Making payments more frequently helps to reduce the mortgage principal more quickly.
*Amortization Period:	* Amortization Period: Years Months
Amortization Period It is important to be aware that the total interest costs increase significantly if amortization period exceeds 25 years.

Continue

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

Refinancing Solutions

Thinking of using your home to finance some of your short and long term goals? We can help find the right solutions for you.

• Manage all your borrowing needs with an RBC Homeline Plan^®
• Add on to Your Current Mortgage
• Finance your Renovations

Learn more about Refinancing

How much equity do you have in your home?

Estimate the amount that you would qualify for if you used the equity in your home.

* Required Information

Continue

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

Take Steps to Become Mortgage Free Sooner

Pay Down Your Mortgage Faster

Discover the features available with your RBC Royal Bank^® Mortgage that can help you build your home equity faster and save money over the life of your mortgage.

Explore Flexible Payment Options

Explore flexible payment options like Skip-A-Payment and additional short and long term mortgage options.

Compare Different Payment Scenarios

Enter your mortgage details into our Mortgage Payment Calculator, and from the results page you can:

• compare the effects of different mortgage payment solutions.
• see how adding features such as Anniversary pre-payments and Double-Up^® payments can help reduce your overall interest costs over the life of your mortgage.

Learn more about Managing Your Mortgage

Manage Your Mortgage Online

We've provided convenient access to many features you need to manage your RBC Royal Bank Mortgage. With RBC Royal Bank Online Banking, you can:

• View your mortgage account balance, interest rate and payment details online
• Manage your RBC Homeline Plan^®
• Arrange to Skip-A-Payment^® or Double-Up^® mortgage payments
• Pay property taxes and utility bills
• View your HomeProtector^® life and disability insurance coverage

Learn More

View Demo

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

Contact Phone Numbers

Feel free to contact a Royal Direct^® representative by telephone, 24 hours a day, 7 days a week.

Frequently Asked Questions

 

How Do I...

Skip Tab Navigation Make my mortgage payments affordable? Take my mortgage with me when I move? Find the right financing option for my home improvement project? Manage my mortgage in Online Banking?

You are on: Make my mortgage payments affordable? By choosing a longer amortization for your mortgage, it will help you lower your monthly payment. However, longer amortizations increase the total amount of interest you pay over the life of your mortgage. Total interest costs are significantly increased beyond 25 years. Learn more You are on: Take my mortgage with me when I move? Our mortgage portability option lets you transfer the terms and conditions of your current RBC Royal Bank® mortgage to your new home, subject to a credit review and property appraisal when you make the new home purchase. You may also qualify to Add-On to the mortgage if you require a larger mortgage amount. Learn more You are on: Find the right financing option for my home improvement project? If you own a home, using the equity you have built up may be one of the most cost-effective ways to finance a home improvement project. And in many cases, home equity products can offer you a lower interest rate as compared to other types of loans. Find out more about home equity loans and secured lines of credit in our guide to Renovating Your Home. You are on: Manage my mortgage in Online Banking? With RBC Online Banking, you can: Watch your mortgage decrease every time you make a payment (Payments are processed overnight) Arrange a Skip-A-Payment® or Double-Up® mortgage payments Pay property taxes and utility bills Schedule regular payments to occur automatically View your HomeProtector® life and disability insurance coverage Learn More Show me how

 

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