RBC will approve the important details up front at time of application, not at time of funding, New Home completion date.

RBC will provide a Firm Approval for Clients that buy a Pre-Sale for completion/closing dates up to 3 years ..  With a Rate Hold/Rate Guarantee until New Home completion/closing date as well!!!

RBC Firm Approval:
– RBC’s firm approval is NOT a ‘pre-approval’ or a ‘conditional approval’ that reserves the
right to underwrite again at closing. It is a Firm Approval for Mortgage Financing, completed within the usual 7 business days of the accepted Contract of Purchase & Sale.

– We review credit ratings, employment history, income verification, etc. and do not review again prior to completion/closing date, unless there is a material/fundamental change to the application.

– Property appraisals are done up front at time of application and completed at current date/values during the approval process.

Clients Mortgage will fund at approved amount, which lessens the risk that they won’t be
able to close if there is a temporary drop in appraised values at closing.

Our Firm approvals protect both the buyers and sellers if circumstances change.

Thanks Kurt Hebel Mortgage Specialist 236-339-4044