First-Time Home Buyers--RBC promotion flyer

xiuhua

First-Time Home Buyers       Special rate / incentive: First-time home buyers who open a new  mortgage (minimum of $100,000) with RBC for a 4, 5, or 7 year Fixed Closed  term or 5 year Variable Closed term with standard pricing authorities are  eligible for a $500 credit to their RBC Royal Bank mortgage payment bank  account.       Benefits: Helps with closing and additional  costs associated with buying a home.       Ideal Clients: First-time Home Buyers for the  purchase of a principal resident.       For detailed information, please see below:

Definitionof a first-time home buyer                           

•Someone who declares that they have not owned a home during the four yearperiod prior to the mortgage application date and is not using the proceeds ofthe sale of a home for their down payment. In the case of a couple where onlyone person is a first-time home buyer; both parties will be considered firsttime homebuyers for the purpose of this offer

Terms and conditions

•Offer is only available to first-time home buyers for the purchase of aprincipal residence

•This offer is available for new builder single advance mortgages that closewithin 120 days from the commitment start date. All other constructiondraw/builder mortgages and amendments to an existing mortgage, includingport/assumption transactions, an advance of additional funds or a renewal are excluded.

•This offer is available with other rate discounts and specials

•Only one mortgage segment on an RBC Homeline can qualify for this offer.  All RCL segments are excluded.

***All promotion can be withdrawnfrom market at any time without notice,***