RBC Self-employed Mortgage^TM

Mortgage Financing for the Self-Employed

Are you self-employed and finding it difficult to arrange competitively priced mortgage financing for your home?

At RBC Royal Bank, things just got a whole lot easier! We believe that financing your new home or leveraging the equity in your existing home should be easy.

Perfect for Business Owners, Self Employed, 100% Commissioned Salespeople The Benefits Finance up to 95%* of the value of your home.

Our Self-Employed mortgage option allows clients with good credit history and who have been in business for more than two years to borrow up to 95%* of the appraised value of their home.

Business financial statements or T1 General forms are not required to verify your income - your Business License or Articles of Incorporation and most recent Notice of Assessment may suffice to support your application. Contact us for a complete list of other documents that can be used.

Taking advantage of RBC's Self-Employed mortgage option means you'll receive competitive mortgage rates for all your needs:

• Purchasing a Home
• Leveraging the equity in your existing property to:
  
  

  • Renovate or do home improvements
  • Lower monthly payments through debt consolidation
  • Finance your other personal needs

Whether you need to borrow a little or a lot, we have an option that can be customized to suit your situation. For financing up to 65% of the value of your home, there are no additional fees or insurance premiums! Default insurance may be required for financing between 65% and 75%. Financing between 75% and 95% is made possible with default insurance.

Mortgage Features

We have many mortgage options designed to help save interest costs and meet your personal financial requirements.

• Pay Down Your Mortgage Faster. Reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by Increasing Your Monthly Payments, Making Double-Up^® Payments, Accelerating Your Payment Schedule, Making Principal Prepayments and more!
• Flexible Payment Options. You'll enjoy the comfort of knowing you're protected with our Interest Rate Protection, Skip-A-Payment^®, and our Mortgage Add-On feature.

* For financing less than 65%, no mortgage default insurance is required. Default insurance may be required for financing between 65% and 75%. Default insurance is required for financing of 75% to 95%. Default insurance premiums apply. Subject to Royal Bank of Canada lending criteria for residential properties. Some additional conditions apply.