# Online Mortgage Prequalifications RBC's True House Affordability Tool Calculates Mortgage Support By Amy Duong | Published 2018-09-13 | Lifestyle Source: Trend Hunter, https://www.trendhunter.com/trends/true-house-affordability References: [rbcroyalbank](http://www.rbcroyalbank.com/dms/mortgages/buying/that2018/index.html?ProspectID=5442E6FCB60548B9B1F9688202CA6102) [RBC](https://www.trendhunter.com/trends/accessible-home-improvement) 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](https://www.trendhunter.com/trends/mortgage-processing) 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](https://www.trendhunter.com/trends/zenbase) in any way. Each user is also assigned a dedicated mortgage specialist for any questions and concerns. ## Trend Insights (Trend Hunter) - Score: 1.1/10 - Popularity: 5% | Activity: 20% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Lifestyle](https://www.trendhunter.com/lifestyle) ## Key Themes ### Key Themes Behind This Trend - **Online Mortgage Prequalifications:** RBC's True House Affordability tool streamlines the process of getting a mortgage prequalification, making it more convenient for consumers. - **Financial Technology in Home Buying:** RBC's True House Affordability tool demonstrates the potential for fintech to revolutionize and simplify the mortgage application process. - **Personalized Mortgage Services:** The dedicated mortgage specialist assigned to each user of RBC's True House Affordability tool showcases the rising trend of personalized services in the mortgage industry. ### Where This Applies - **Banking:** RBC's True House Affordability tool is an innovation within the banking industry, specifically targeting mortgage applications. - **Real Estate:** The True House Affordability tool by RBC is set to disrupt the real estate industry by providing consumers with a simplified and convenient way to determine their affordability. - **Financial Technology:** RBC's True House Affordability tool represents an opportunity for disruptive innovation within the financial technology sector, particularly in the mortgage application process. ## Related on Trend Hunter - [Smart Spending Tools](https://www.trendhunter.com/trends/affordability-calculator.md) - [Accessible Home Improvement Services](https://www.trendhunter.com/trends/accessible-home-improvement.md) - [Home Purchase Rewards](https://www.trendhunter.com/trends/rakuten-rewards-canada.md) - [Personal Loans Marketplaces](https://www.trendhunter.com/trends/personal-loans-marketplace.md) - [Improved Car Shopping Experiences](https://www.trendhunter.com/trends/bofa-pre-qualification.md) - [Income-Estimating Finance Tools](https://www.trendhunter.com/trends/rapidio.md) - [Canadian Rent-Reporting Tools](https://www.trendhunter.com/trends/borrowell.md) - [Home Savings-Focused Partnerships](https://www.trendhunter.com/trends/save-for-a-home.md) - [Mortgage Rewards Platforms](https://www.trendhunter.com/trends/mortgage-reward.md)