RBC introduces its new True House Affordability tool to help consumers in reaching that milestone of purchasing a new home. The first step in doing so is to get a mortgage prequalification and RBC's new tool provides an estimate of how much one can afford to get a price range that is realistic to their financial standing. It is not set to be a mortgage approval or a pre-approval, but it provides an understanding that gives customers a good idea of what they can afford in an efficient way.
The complicated process is broken down in a few easy steps based on one's income, credit rating, and down payment. The results are immediately ready and notably, the use of the app does not affect one's credit score in any way. Each user is also assigned a dedicated mortgage specialist for any questions and concerns.
Online Mortgage Prequalifications
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RBC's True House Affordability Tool Calculates Mortgage Support
- By: Amy DuongSep 13, 2018