Join Dave Thompson and Keith Joel for their lunch and learn presentation of RBC’s new pilot program which launched on February 26.
It’s called their Mortgage Booster program. This program makes it possible for buyers who don’t have the 20% down payment to avoid CMHC fees by getting a “boost” from RBC to the 20% threshold. This enables them to avoid CMHC fees and save lots in interest.
It’s also a great option for strong borrowers looking to buy for over $1M but don’t have the government mandated 20% down payment.