for 24 months
WE PROVIDE ALL
THE TOOLS YOU NEED
At Stalwood Homes, our family focuses on building homes for yours. From layout and design, to quality craftsmanship and construction, you can also trust us to help you with everything you need to make your dream home a reality.
When you purchase a Stalwood home, you may be required to submit a mortgage pre-approval letter from a reputable financial institution and RBC Royal Bank offers preferred mortgage financial solutions that best suit your needs, including guaranteed approval for 24 months* from the time of application.
FIVE TOOLS TO HELP YOU
GET MORTGAGE APPROVAL
1 TALK TO AN EXPERT
Speak with a financial expert at RBC Royal Bank about the preferred mortgage financing solutions for Stalwood Homes. RBC offers guaranteed approval for 24 months* from the time of application.
2 GET PRE-APPROVED FOR A MORTGAGE
A mortgage specialist will help determine how much you can borrow and at what rate, as well as assist in choosing the right mortgage for you to purchase your dream home. RBC Royal Bank offers firm, final mortgage approvals for the purchase of your Stalwood Homes home. Once approved, you stay approved.
3 DETERMINE BUDGET
Engaging a financial expert will help you determine your budget and a mortgage pre-approval will give you a good sense of your price range for your new home. With the RBC Royal Bank preferred mortgage financing solutions, you may get approved for a capped interest rate for 24 months and may be eligible to receive a reduced interest rate if rates are lower prior to your closing date.
4 LEARN ABOUT STALWOOD HOMES
See the selection of new home styles and sizes we offer, with your budget and lifestyle in mind. This will help you start to narrow your focus and help you find your dream home.
5 SUBMIT A MORTGAGE APPROVAL LETTER
WITH THE PAPERWORK FOR YOUR NEW HOME
Once you have chosen the Stalwood home that is perfect for you and your family, you may be required to submit a mortgage approval letter as part of the purchasing process and RBC Royal Bank can help.
MORE RBC ROYAL BANK
- HomeProtector®^ critical illness and life insurance may be available while your home is under construction, with no premiums payable until your mortgage is advanced.
- There are no application or appraisal fees.**
- Manage your home-equity borrowing with our flexible RBC Homeline Plan®.
- Apply only once and receive access to a credit limit of up to 80% of the value of your home.***
* Applies to selected properties only and subject to meeting credit criteria of RBC Royal Bank. Mortgages may only be default insured if the closing date is within 36 months of approval.
** Not available for construction draw mortgages.
*** The lesser of the appraised value or the purchase price.
^ HomeProtector is an optional creditor's group insurance program, underwritten by The Canada Life Assurance Company, and is subject to terms, conditions, exclusions and eligibility restrictions.
If a client who has been approved for HomeProtector critical illness or life insurance coverage experiences an eligible claim during the construction phase, benefits will only be paid when the mortgage is fully advanced. Clients may also apply for disability insurance coverage during the construction phase; if approved and the client experiences an eligible claim during the construction phase, benefits will only be payable if the disability continues beyond the date the mortgage is fully advanced and only for the period of disability after the date the mortgage is fully advanced, subject to the maximum benefit period. Please see the HomeProtector Certificate of Insurance for full details. Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.