RBC Homeline Plan
RBC Homeline PlanTM is a smart and easy way to manage all your borrowing needs under one simple, flexible Plan – combining your mortgage(s) and a secured line of credit. This innovative Plan offers clients outstanding flexibility, control, convenience and interest savings.
Clients decide how their RBC Homeline PlanTM is designed – they have the ability to adjust their product mix without having to re-qualify (Up to 5 RCL and 5 Mortgage segments)
Available credit in the Primary RCL automatically increases as they pay down their mortgage(s)
Offers clients immediate access to Royal Credit Line funds through multiple channels
Clients have various payment options to suit their budget / cash-flow needs |
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One time credit application providing credit up to 75% of appraised value (Note: Application required for Plan limit increase).
Monthly Plan level statement with Plan details, as well as access through On-line Banking at any time. |
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Reduces overall borrowing costs through secured rates (as low as Prime)
100% collateral registration helps save on future registration costs
No annual fees or service charges |
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RBC Homeline PlanTM provides your client with an option for valuable life and disability insurance coverage.
Ability to protect from interest rate fluctuations by splitting the Mortgage into different terms with different interest rates |
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Low variable mortgage rate?
Protection of a fixed mortgage rate?
With RBC Homeline Plan you
can get both - at great rates!
The RBC Homeline Plan allows you to split your mortgage to take advantage of today's low interest rates, and provide protection if rates rise.
For Example:
- 50% of your mortgage is fixed for five years at the amazing low rate of 5.39%* (5.42% APR).
- 50% of your mortgage is in a 5 year variable rate closed mortgage at our competitive prime rate minus 0.85%, currently 5.15%** (5.15% APR).
Does the split have to be 50/50?
- No, the percentage‡ of split is up to you!
Mortgage Features
We have many mortgage options designed to help save interest costs and meet your personal financial requirements.
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* Interest calculated semi-annually, not in advance.
** Interest calculated monthly, not in advance. Variable interest rate is based upon RBC Royal Bank prime rate on May 25, 2006 of 6.00% and is subject to change at any time without notice.
‡ Subject to minimum mortgage amount of $5,000.
† All lending products are offered by Royal Bank of Canada ("RBC Royal Bank"). The Split Mortgage special rate offer is a limited time offer available only if you have a RBC Homeline Plan. Qualified applicants receive two mortgage loan segments under their RBC Homeline Plan at the rates indicated. Subject to RBC Royal Bank standard lending criteria. Rates shown are discounted rates. Offer may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions. Some other conditions may apply. Contact us for details.
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