RBC Royal Bank mortgage questions

For RBC Royal Bank, take the property price, deposit, income and current debt figures into the first conversation. That gives the bank enough context to discuss the financing range.

Ask how much you can borrow

Find out how RBC assesses affordability and what monthly obligations are included in that calculation.

Ask about rate changes

If the product uses a variable rate, ask what the rate is tied to and how a change would affect the payment.

Confirm the closing sequence

Ask when the valuation, insurance, legal work and final approval happen so you understand the order of the transaction.