Latest Mortgage Rates

Term OUR RATES Banks
Updated September 3, 2010 0.0 % 0.0 %
Variable ARM 2.05 % 2.65 %
1 Year Closed 2.60 % 3.75 %
2 Year Closed 3.04 % 4.05 %
3 Year Closed 2.90 % 4.65 %
5 Year Closed 3.65 % 5.85 %
50/50 Mortgage 3 yr 2.87 % 0.00 %

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Royal Bank RBC Mortgage Lender


Royal bank has many mortgage products to choose from. Contact your mortgage broker to see which product or lender is right for you.



Royal Bank Mortgage Offers 4%-7% Cash Back Mortgage

Royal bank offers many different cash back mortgages. This is great for first-time home buyers with little or no downpayment. For these products the interest rates carry a premium but if you have no downpayment, good credit and income then this may be a good product for you. Starts at 4% cash back all the way up to 7% cash back.



Self Employed Borrowers


Royal bank offers mortgages to small business and self employed borrowers.  Depending on your credit rating and as little as 2 years notice of assessment showing no taxes owing can obtain you a mortgage loan of up to 95%.



  

Welcome to Canada Program for Permanent and Temporary Residents


Royal bank offers mortgages up to 95% for those who have recently immigrated to Canada and those on temporary work permits.





Other RBC Mortgage Products Available


Other Royal bank Mortgage Products that are available are high ratio mortgages of up to 95%, rural mortgages and up to 35 year amortization.

You can get RBC mortgage products in many fixed year terms. Only a 5 year term is available for variable rate mortgages.

You can make weekly , accelerated bi-weekly, semi-monthly and monthly payments. You can double your payments over the term and pre-pay up to 10% each year on the original mortgage amount without recieving a penalty.


If you are interested in a Royal bank mortgage product call today or apply online. Your mortgage broker will be able to find the best suitable lender for you and your situation.


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