In­tro­duc­ing the RBC Home­line Plan

Edmonton Sun - - HOMES -

The RBC Home­line Plan is a smart, con­ve­nient way to man­age all your per­sonal credit, from your mort­gage to out­stand­ing bal­ances on loans and lines of credit. If you’re an ex­ist­ing home­owner with at least 20% eq­uity in your home, or if you are look­ing to buy a home and have a 20% down pay­ment, this may be the right so­lu­tion for you.

With the RBC Home­line Plan, you have ac­cess to our Royal Credit Line and RBC Royal Bank mort­gages, all in one plan, which you can des­ig­nate for dif­fer­ent needs — a new car, a va­ca­tion, your child’s ed­u­ca­tion. It’s a great way to pay off your debt when you want to, while keep­ing your in­ter­est costs low.

You could save hun­dreds, even thou­sands, of dol­lars in in­ter­est and im­prove your cash flow.

LET EQ­UITY IN YOUR HOME WORK FOR YOU!

There are lots of ways the RBC Home­line Plan can help get your home eq­uity work­ing for you. For ex­am­ple, you could fi­nance home ren­o­va­tions, such as a new kitchen, bath­room, deck or sim­ply a fresh coat of paint — improvements that in­crease the com­fort and value of your home. And con­sol­i­dat­ing your out­stand­ing high-in­ter­est credit us­ing the RBC Home­line Plan will en­able you to take ad­van­tage of lower in­ter­est rates that will save you money.

SAVE HUN­DREDS OF DOL­LARS IN IN­TER­EST AND IM­PROVE YOUR CASH FLOW

If you have higher in­ter­est credit cards, loans or a mort­gage, an RBC Home­line Plan can free up hun­dreds of dol­lars in ex­tra cash flow each month. And, if you choose to di­ver­sify your mort­gage, you could save thou­sands of dol­lars in in­ter­est costs over the life of your mort­gage. As you pay down your bal­ances, your credit may be­come avail­able to you again

Once your credit limit is set for your credit line, you can bor­row any time, up to your avail­able credit limit for your credit line. As you pay down the amount you owe, your avail­able credit au­to­mat­i­cally in­creases up to your limit. No need to reap­ply for credit or con­tact us; it’s an easy way to man­age your own credit needs.

LET IN­TER­EST RATES WORK FOR YOU BY DIVER­SI­FY­ING YOUR MORT­GAGE

Mort­gage rates fluc­tu­ate and it’s hard to know whether you should choose a vari­able rate or fixed rate. The RBC Home­line Plan gives you the best of both worlds. It al­lows you to di­ver­sify your mort­gage and en­joy the ad­van­tages of both vari­able and fixed rates. The vari­able por­tion lets you take ad­van­tage of po­ten­tial long-term sav­ings, while the fixed-rate por­tion pro­tects you if rates rise.

For more in­for­ma­tion or for per­son­al­ized mort­gage ser­vice in Ed­mon­ton and the sur­round­ing area please con­tact your RBC Royal Bank mort­gage spe­cial­ist Darren Sharko, with 15 years ex­pe­ri­ence as an RBC Mort­gage Spe­cial­ist, at 780 441 9998 or [email protected] com or text me at 780 232 3334.

Photo: Getty im­ages

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