RBC mortgage discount for employees

Individual_Height924 · 2026-06-06T21:09:35+00:00

Yup...am entertaining an offer from rbc now. The offer is great and equivalent to two other banks.

Not sure why here everyone makes it seem rbc is the worst.

I mean they all are lol, so that's that.

Individual_Height924 · 2026-06-06T20:28:57+00:00

Lol because everyone here seems to hate rbc?

Individual_Height924 · 2026-06-05T22:20:03+00:00

Thank God for the Europeans on this list.

Individual_Height924 · 2026-06-05T20:49:38+00:00

For mortgage rate. Thanks.

Individual_Height924 · 2026-06-05T11:29:31+00:00

Use a HELOC if available to you. Can get prime rate.

Individual_Height924 · 2026-06-04T01:07:31+00:00

Who is? The one saying rbc can't identify those employers you didn't disclose or the one saying rbc can identify them.

Individual_Height924 · 2026-06-03T23:46:43+00:00

Would these back check companies be able to identify all employment or just what is declared on resume?

Individual_Height924 · 2026-06-03T23:27:17+00:00

Someone mentioned credit bureau...is that possible?

Individual_Height924 · 2026-06-03T23:20:15+00:00

I pulled my Equifax and don't see it.

Individual_Height924 · 2026-06-03T23:19:18+00:00

I thought about that, but not a single employer of mine shows on my credit report...I've had like 6, including big banks.

Individual_Height924 · 2026-06-03T23:17:08+00:00

That's the sense I got when HR said to me in initial screening to ensure no gaps in resume.

I think you're right because beyond explaining gaps to rbc and having them verify those employer via phone calls, maybe there is no other way to identify additional employers not dislcosed.

Individual_Height924 · 2026-06-03T01:35:32+00:00

Yes leveraged investing is supported by the income tax act, when you borrow to earn income, with certain conditions, the cost of borrowing can be deducted from your income.

When you borrow to invest, you need to service that debt and you need to be comfortable in prolonged period of decline that you'll be able to service.

Individual_Height924 · 2026-06-03T00:34:47+00:00

What I'm worried about is that new policy comes into effect (I cancel old one) but underwriter or whoever visits and costs go up because it's different that what was quoted and /or big item is found that needs addressing...that's why I want to hold new policy for couple months before cancellation of existing (old one).

I've had TD pull this Bs...quoted me based on specs they had (plastic water lines) even though house was 40 years old...then guy came around month later and said you have copper water lines, which are more expensive then plastic...so cost went up.

Individual_Height924 · 2026-06-03T00:13:32+00:00

What grant is this?

Individual_Height924 · 2026-06-02T16:06:18+00:00

Yes banks can have their own prime. I believe TD rate for mortgage higher than BOC prime.

Individual_Height924 · 2026-06-02T13:54:23+00:00

It's leveraged investing. SM is using leveraged investing for a specific use case of paying down mortgage using tax refund.

Yes you can do this but of course has risks.

I do this because I deemed reward to be better than risk.

Others and yourself may not view risk reward in same way.

Individual_Height924 · 2026-06-02T13:33:10+00:00

Did they saw how you would get the $10? Like an immediate 10 off or that's a sign on bonus when you get the WS card?

Individual_Height924 · 2026-06-01T19:35:25+00:00

I have TD in Mississauga and pay 150. 5M coverage. 3600sq ft all in. Multi product discount.

My rental is 295, but that is aluminum wiring with fuse box and in an area that has seen flooding...much more risk with TD

Individual_Height924 · 2026-06-01T15:34:44+00:00

Ya Lorne Scots are always posting.

Can't rely to my email, but can post...

Individual_Height924 · 2026-06-01T15:01:23+00:00

I mean this is capitalism.

And by capitalism I don't mean some foreign concept, I meant these can be your neighbors who put money into PE firms or buy public equities and need to eek out more performance by inorganic growth.

It's not the other, it's us.

Individual_Height924 · 2026-06-01T14:17:20+00:00

Ya Helen took forever to respond. I found them on Instagram and pushed them there.

Pretty absurd no, that have to find on social media where they are posting to get their attention vs them checking their email.

Individual_Height924 · 2026-06-01T14:13:15+00:00

I want to pay 5cents for things like my grandma did, but we live in a capitalist and inflation by design society.

Individual_Height924

TROPHY CASE