Introducing the RBC Homeline Plan
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.