Refinancing

Take advantage of the strong U.S. dollar

Dreaming about remodeling your kitchen, considering an addition on your home, have your eye on a new investment or just want to take advantage of the strong U.S. dollar? Now is the time to and take advantage of the increased value in your U.S. home by refinancing¹!

Your U.S. home may be worth more than you think

Many Canadians bought their U.S. home between 2009 and 2013 when the Canadian Dollar was at or around parity with the U.S. Dollar. Over the years, these same homes have appreciated by as much as 12 – 15% a year in popular snowbird markets. Canadians who are U.S. homeowners are in a unique and favorable position to take advantage of appreciation on their home and the strong U.S. dollar.

RBC Bank offers competitive refinancing options

With the surplus money you’ll earn by refinancing your U.S. home, your spending power goes further:

  • Borrow up to 80 percent of the equity in your U.S. home
  • Use the money earned from the currency exchange for virtually anything — home improvements, a dream vacation, pay off debt in Canada or invest in other options

1 All loans and lines of credit are subject to approval, including verification of acceptable income, creditworthiness, and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and lines, and flood insurance is required if property is located in a Special Flood Hazard Area. Escrows may be required. There are closing costs associated with these products. Refinancing not offered for properties in Texas.