| Product Name | RBC Royal Bank Closed Fixed Rate Mortgage |
| Available In | Canada (All Provinces) |
| Offered By | Royal Bank of Canada |
| Product Page | RBC Royal Bank Closed Fixed Rate Mortgage |
| 1 Year | 3.49%  1 Year Increased from 3.34% to 3.49% on May 2, 2018
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| 2 Year | 3.74% 2 Year Increased from 3.59% to 3.74% on May 2, 2018
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| 3 Year | 4.3% 3 Year Increased from 4.15% to 4.3% on May 2, 2018
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| 4 Year | 5.04% 4 Year Increased from 4.89% to 5.04% on May 2, 2018
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| 5 Year | 5.34% 5 Year Increased from 5.14% to 5.34% on May 2, 2018
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| 7 Year | 5.8% 7 Year Increased from 5.6% to 5.8% on May 2, 2018
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| 10 Year | 6.6% 10 Year Increased from 6.4% to 6.6% on May 2, 2018
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| Max Annual Lump Sum Prepayment | 10% |
| Max Annual Increase to Regular Payments | 10% |
| Amortization Periods | 5 to 30 years |
| Payment Schedules | Available options include monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payments. |
| Rate Hold | 120 days |
| Additional Notes | It is possible to double the value of any regular mortgage payment at any time throghout the year and as many times as desired.
It is also possible, on most terms, to skip a mortgage payment once every twelve months so long as the mortgage is in good standing (other conditions apply as well).
There is a 25 year term fixed rate mortgage available from Royal Bank. Check their website for more details. |
