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Well, here’s a not-so-fun update from the world of mortgages: RBC has made some changes to its posted rates, and if you’re thinking about breaking your RBC mortgage early—brace yourself. Thanks to the way RBC calculates penalties, some homeowners could be looking at massive prepayment costs, jumping by thousands of dollars overnight. Let’s break it […]

March 24, 2025

RBC Mortgage Penalties Are Skyrocketing—Here’s What You Need to Know

INDUSTRY NEWS & UPDATES

Well, here’s a not-so-fun update from the world of mortgages: RBC has made some changes to its posted rates, and if you’re thinking about breaking your RBC mortgage early—brace yourself. Thanks to the way RBC calculates penalties, some homeowners could be looking at massive prepayment costs, jumping by thousands of dollars overnight. Let’s break it […]

March 24, 2025

RBC Mortgage Penalties Are Skyrocketing—Here’s What You Need to Know

INDUSTRY NEWS & UPDATES

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