The Tool is intended to provide you with an estimate of how much you may be able to spend on the purchase of a residential property that will be an owner-occupied primary residence, with your down payment and with RBC mortgage financing for which you may qualify for after completion of a full application. By clicking the link, you will be redirected to RBC’s website where this Tool is made available. If the pre-approval application you submit using this Tool is approved, you will receive a pre-approval confirmation letter from RBC. The pre-approval confirmation letter will contain a rate guarantee and rate hold, which will be valid for one hundred and twenty (120) days or such other period as may be specified in the pre-approval confirmation letter. It will also set out other relevant information, terms, and conditions that you will need to fulfil in order for RBC to provide you with the pre-approved mortgage amount and the information that we have taken into account in arriving at the pre-approved estimate. Any results generated by your use of this Tool are based on the accuracy and completeness of the information you have provided, and are subject to additional terms and conditions, as further described in these consolidated Terms and in any additional communications RBC may provide to you, including but not limited to the pre-approval confirmation letter.
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