RBC Mortgage Confidence Program at The Unionville

Secure Financing, Simplified: How RBC and inCAN Help You Move Forward with Confidence

Buying your first home can feel overwhelming - especially when it comes to navigating mortgage options. That’s why The Unionville Condominium has partnered with RBC Royal Bank to introduce the Mortgage Confidence Program, designed to make home financing more transparent, less stressful, and perfectly tailored for today’s market.

What Is a Blanket Appraisal, and Why Does It Matter?

A Blanket Appraisal means RBC has already completed a full appraisal of The Unionville project as a whole. Rather than requiring a third-party appraisal for each individual suite, RBC has pre-approved the value of all units in the development.

Benefits for Buyers:

• Faster Approval - Avoid delays caused by individual appraisals

• Less Paperwork - No need to coordinate with outside appraisers

• Peace of Mind - RBC has reviewed and validated the project’s value

• Stronger Offers - Your mortgage is backed by a trusted lender from day one

What Is a Mortgage Pre-Approval?

Pre-Approval is when RBC assesses your financial situation, income, debt, and credit, and provides a conditional commitment outlining how much you can borrow and at what interest rate.

Why Pre-Approval Matters for Pre-Construction Buyers:

• Rate Locked - Protected Until Final Closing

  Secure today’s rate so you’re not impacted by future increases when your home is ready.

• Confidence to Commit - Know You’re Approved

  Move forward with certainty, knowing your mortgage is pre-approved for closing day.

• Clarity From the Start - Set a Realistic Budget

  Shop smarter, choose upgrades wisely, and focus on what fits your financial plan.

Choosing the Right Mortgage: Fixed vs. Variable

RBC will help you select the mortgage type that best fits your goals:

• Fixed Rate Mortgage

  Lock in your interest rate for the entire term. Ideal if you value stability and predictable monthly payments.

• Variable Rate Mortgage

  Usually starts lower than a fixed rate. Your rate may fluctuate with the market, suitable if you're comfortable with some risk for potential long-term savings.

Building Your Credit? We Can Help

Your credit score plays a key role in determining your mortgage rate. InCAN and RBC specialists are here to guide you through:

• Reviewing your credit profile

• Offering strategies to strengthen your score

• Advising on the best timing to apply

Even a small improvement in your credit can lead to better rates, and significant savings over time.

Your Mortgage Confidence Starts Here

The Unionville and RBC are committed to empowering first-time buyers with the tools and support needed to navigate today’s real estate market. With:

• Blanket Appraisal

• Pre-Approval

• Customized Mortgage Support

• Clear Credit and Insurance Guidance

You’ll move forward with the security, clarity, and confidence to make the right decision for your future home.