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Put Your U.S. Equity to Work

Get Your Free U.S. Home Equity eGuide
U.S. Home Equity for Canadians

You Worked Hard for Your U.S. Home – Let’s Put Your Equity to Work

With a strong U.S. dollar, now’s a great time to leverage your U.S. home equity. Borrow up to 80% of your home's value. Then, use it to buy a new U.S. home, renovate the one you have or fund your lifestyle.

Home Equity eGuide

Get your free U.S. Home Equity Guide

  • Learn how to use your U.S. equity to your advantage
  • See how much you may be able to borrow
  • Find your options for accessing equity

Tap into your U.S. equity your way

Get access to U.S. dollars when you need it most – use it to renovate or upgrade your home or to cover U.S. bills without worrying about currency fluctuations and foreign exchange costs. Find out if refinancingDisclaimer27 or a Home Equity Line of CreditDisclaimer30 is right for you.

Home equity line of credit

HELOC Offer

Save thousands on closing costs with an RBC Bank HELOCDisclaimer31

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Offer available until October 31, 2025

Talk To An Advisor
  • laptop
    Maximum flexibility with access to funds online, anytime No minimum balance, usage or draw requirements
  • cash
    Peace of mind of having U.S. cash when you need it No concern for fluctuating foreign exchange costs
  • home
    Borrow up to 80% of the equity in your home Interest only payments for a 10-year draw period
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    Make just the minimum payment Flexible repayment options — make interest only payments or pay more to reduce your balance

Refinance your property

$0 Underwriting Fees

$0 underwriting fees on new refinancingDisclaimer28

stopwatch

Offer available until October 31, 2025

Talk To An Advisor
  • calendar
    Get a lump sum of cash Make monthly payments amortized over 30 yearsDisclaimer25
  • investments
    Our lowest interest rates Lock in for 3-, 5-, 7- or 10-year terms
  • chequing account
    No pre-payment penalties Make lump sum payments at any time
  • leaf
    Use your Canadian credit history No need for a U.S. credit history; we’ll use your Canadian credit history to help qualify you
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Choose the option that saves you more

Accessing your home equity allows you to avoid the one-time hit from foreign exchange fees. Weigh your options and estimate your monthly payment and rates in U.S. or Canadian dollars.

For example, the annual interest cost of borrowing $50,000 USD is $3,750 USD. If you were to convert the same amount from Canadian dollars, the one-time foreign exchange cost would be approximately $20,000 CAD.

Calculate My Payments

The only U.S.-based bank designed specifically for Canadians

For over 20 years, RBC Bank has been helping Canadians make their U.S. home ownership dreams come true.

As a mortgageDisclaimer8 or HELOC client, you'll enjoy our U.S. Premium Checking account with the monthly fee waivedDisclaimer33.

Your cross-border mortgage advisor will guide you through the process over the phone. In most areas, you can even complete your closing from Canada or with a Power of Attorney so you don’t need to cross the border.

Our team of cross-border mortgage advisors understand the needs of Canadians, will translate the differences in the U.S. mortgage process and help you determine which kind of loan is right for your needs.

You’ll have access to a team of experts on all of the considerations that come along with tapping your U.S. equity including taxes, foreign exchange advantages and ownership issues.Disclaimer26 Just ask your cross-border mortgage advisor.

No need for a U.S. credit history; we’ll use your Canadian credit history to help qualify you.

RBC Bank offers mortgages in all 50 states. Refinances and Home equity lines of credit are available in every state but Texas.