RBC Homeline Plan is a smart, convenient way to manage all your personal credit, from your mortgage t outstanding balances on loans and lines of credit.If your an existing home owner with at least 20% equity in your home, or your looking to buy a home in the U.S.A. and have a 25% down payment, this may be the right solution for you.
Let equity in your home work for you!
As of December 14th, 2010, the rate for such a loan is Canadian Prime plus 0.5% or 3.5% variable. This rate fluctuates, however, prime is considered stable for now. Loans on securities can be arranged.
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