HOMES Publishing Group is pleased to provide you with the following informational
links to sites owned by Royal Bank of Canada to help you determine your financial
situation for purchasing your new home.
Know What You Can Afford
- Before deciding to buy a home, you first need to determine exactly how much you can afford to spend each month, and what additional expenditures you might incur.
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Mortgage Basics
- Besides the actual type of mortgage you select, there are other important characteristics of your mortgage that determine exactly how much you will pay - both monthly and over the life of your mortgage.
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Pre-Approved Mortgage Application
- When you apply for a pre-approved mortgage, you'll know how much you can reasonably borrow to buy a home. It tells you what your payments will be, and it defines a realistic price range for your financial situation.
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RBC's Best Rate Offer
- Larger renovations sometimes require extending a mortgage and your life is busy enough without having to watch mortgage rates.
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Tools & Calculators
- How much can you afford to borrow? What will your mortgage payments be? What is the right mortgage term for you? Get answers to these questions and more in this section.
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Using RRSPs to Help
- Under the Federal Government's Home Buyers' Plan, you can use up to $20,000 in RSP savings ($40,000 for a couple) to help finance a down payment on a first home.
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