Mortgage Rates
RBC Royal Bank working with "Big John" Peterson
RBC Royal Bank offers personal assistance from knowledgeable mortgage specialists who are here to help.
| RBC Mortgage | |||
|---|---|---|---|
| Term | RBC Posted Rates | "Big John's" Preferred Client Rates | APR‡ |
| 5 Year Variable Closed | 3.20% | 3.00% | 3.04% |
| 5 Year Variable Open | 4.00% | 3.80% | 3.84% |
| 5 Year Fixed Closed | 5.44% | 3.49% | 3.52% |
| 4 Year Fixed Closed | 4.64% | 3.39% | 3.43% |
| 3 Year Fixed Closed | 3.95% | 3.09% | 3.15% |
| 2 Year Fixed Closed | 3.55% | 3.25% | 3.33% |
| 1 Year Fixed Closed | 3.20% | 2.95% | 3.12% |
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The above rates have been provided by RBC. Rates subject to change without notice. |
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- Manage your home-equity borrowing with our flexible RBC Homeline Plan®. Apply only once and receive a credit limit of up to 80% of the value of your home**.
- Consider the benefits of a variable rate mortgage which may provide the greatest interest savings over time.
- Free advice on a range of home financing products offered by RBC Royal Bank and mortgage information available where and when you want.
- Pre-approval and help arranging your financing.
For more information or assistance on arranging a mortgage, please contact us.
‡ The annual percentage rate (APR) is based on a $ 200,000 mortgage for the applicable term assuming a processing fee of $190 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.
For fixed rate mortgages, interest is compounded half-yearly, not in advance and the rate shown as "Your rate" is a discounted rate based on the posted rates of Royal Bank of Canada on March 30, 2012. For variable rate mortgages, interest is calculated not in advance, with the same frequency as payments are made. RBC Posted Rates for variable rate mortgages are based on the prime rate which is the annual rate of interest announced by Royal Bank of Canada from time to time as its prime rate. On March 30, 2012 the prime rate was 3.00%, the RBC Posted Rate for open variable rate mortgages was prime + 0.70% and the RBC Posted Rate for closed variable rate mortgages was prime - 0.20%. Rates subject to change without notice. Offer may be changed, withdrawn or extended at any time, without notice. Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Not available in combination with any other discounts, offers or promotions. Terms and conditions apply. *Applies to fixed rate mortgages only on selected property and subject to meeting credit criteria of RBC Royal Bank. ** The lesser of the appraised value or the purchase price. ® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
All trademarks are the property of their respective owner(s) and are used with the permission of the owner(s).
