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Purchasing & Refinancing

Our team of experienced lenders take the time to understand your goals, talk through available options and work together to find the best fit for you. In addition, decisions are made locally so your financial information stays local and decisions are made fast.


Whether you're purchasing your first home or your fifth, Royal Bank offers loan programs designed to meet your goals. Even if you haven't found your dream home, you may want to consider applying now so we can issue a pre-qualification letter to assure real estate agents and sellers that you're a qualified buyer. This way, when you do find the perfect home your first step is complete and you can simply contact your Royal Bank lender to finish the application.

Apply Online - for a home loan with our online loan application today!


You may want to consider a mortgage refinance option if:
  • You currently have an adjustable-rate mortgage loan and want the stability of a fixed-rate option
  • You have multiple debt obligations and payments to consolidate
  • You would like a longer or shorter term to pay back your current loan
How do you know if it makes sense to refinance?
The simple rule of thumb is to compare the amount that it will cost you to refinance to the monthly savings you'll have by reducing your payment. Simply divide the cost of refinancing1 by the monthly savings to determine how many monthly payments you'll have to make before you've recaptured the initial refinance cost. If you plan on staying in your home longer than the recapture time it may make sense for you to refinance.

To fully analyze whether it's the right time for you to refinance, you'll want to look at the remaining term of your current loan and your current tax bracket. Our convenient calculators can help you determine if it's the right time to refinance, or you can contact a member of our lending team today to learn more.

Apply Online - for a home loan with our online loan application today!

Calculate your monthly mortgage payment with our Online Calculators.

1Closing and refinancing charges may apply.