Unlock the Equity in Your U.S. Home

Has your U.S. home increased in value—or did you buy it with cash when the Canadian dollar was close to par with the U.S. dollar? If yes, you may be able to borrow up to 80% of your home’s value to take advantage of your home’s appreciation and the strong U.S. dollar:

  • Pull out cash to renovate, pay down debt or cover U.S. expenses without the foreign exchange costs
  • Invest your earnings in U.S. or Canadian equities or other real estate
  • Easily move the money you earn from the currency exchange back to Canada
Watch video and explore options for unlocking your U.S. equity

Your U.S. Home May Be Worth More Than You Think

Since 2009, the average U.S. home price has increased by 12-15%40—and more in areas like Florida and Arizona. This, combined with the fall of the Canadian dollar and the rise of the U.S. dollar, means you could be sitting pretty.

U.S. Home Values: 2009-2020

U.S. Home Values 2009-2020

U.S./Canadian Dollar: 2009-2020

Canadian vs US Dollar 2009-2020 U.S. vs Canadian Dollar 2009-2020

Don’t Let Your Money Sleep…Access U.S. Cash by Refinancing27

In the U.S., there are no penalties or fees for paying off your mortgage early. That means you may be able to pay off your current mortgage with a new loan and take cash out of your home to make improvements, pay off debt in Canada, cover U.S. expenses, make other investments and more.

5 Questions to Ask Before You Refinance U.S. Home Equity Calculator

Benefits of mortgage refinancing at RBC Bank:

  • Low-cost way to borrow up to 80% of your home’s value
  • Amortization of 30 years keeps your payments low and spreads out foreign exchange costs
  • No penalty to pay off your mortgage early
Explore Refinancing Solutions Current Refinancing Rates

Apply Online

Enjoy U.S. Credit When You Need It with a Home Equity Line30

Want the peace of mind of having U.S. credit on hand just in case you ever need it? A flexible, low-cost home equity line of credit (HELOC) can improve your U.S. cash flow while preserving your Canadian credit.

With a HELOC, you keep your original mortgage, which is good news if your current rate is low. Plus, you’ll only pay interest on the money you use.

Using a HELOC to Access Your U.S. Equity

Benefits of a credit line from RBC Bank:

  • No minimum balance or withdrawals required
  • Access your funds online, anytime, for any reason
  • Option to make interest-only payments
Call to learn more or apply: 1-866-283-5928

Special HELOC OfferSave thousands on closing costs with our No-Fee HELOC!31

Get Your Free Guide to Using Your U.S. Equity