Melissa Acton, Royal Bank of Canada, Sr. Mortgage Specialist

10/03/2023

Switching your mortgage to RBC may be your best move yet! Get up to $4600 in value and 55,000 Avion points when you switch to an RBC mortgage.

Get your best possible rate and more with an RBC mortgage. Experience a customizable and personalized mortgage experience with a dedicated mortgage specialist, affordability tools, and exciting offers that make working with RBC all the more rewarding.

09/27/2023

I'm talking to clients all the time about whether they should renovate or move. Here's some helpful tips on how to save on Energy when we are all looking for extra savings.

Making energy-efficient renovations could shrink your utility bills, along with your environmental impact.

09/22/2021

It's great to see you again! Whatever your mortgage needs, we’re here to serve you – virtually or in-person. RBC Mortgage Specialists are ready to help. Learn more: https://referralawards.rbc.com/

03/27/2020

BOC reduces prime rate again to lower interest cost and variable lending products

This is an unscheduled cut.

03/21/2020

Hi friends,
I have fielded a lot of questions lately about deferring mortgage payments and what that means. I want to share this for purely informational purposes only (please no debates or controversy as just wanting to help those who have asked understand).
I am going to keep the math very simple as this is just to give you an idea of what compounding interest looks like.
Say your mortgage payment is $1000 a month and you defer the principal and interest (postpone it) for 6 months on a 20 year amortization. This $6000 is now being added to the end of your 20 year amortization. For the sake of this let's say interest rates average 3% for that 20 years.
$1000 × 6 = $6000 deferred
$6000 × 3% annually = $180 yearly
$180 x 20 years = $3600
Your total repayment becomes $9600 instead of $6000.
Thankfully mortgages are made with flexibility and allow you to defer payments in times of need but also allow you to increase payments when you can.
These are unprecedented times and I don't know anyone that isn't feeling the effects and we all pray for the best outcome for all.
When the dust settles talk to a financial advisor about all the options you have and how they can help you maintain your financial wellbeing and goals:)
Stay home and stay safe friends!!

01/09/2019

There's no crystal ball but this indicates a slow dow in the rate increases this year

After years of warnings of higher interest rates to come, a curious shift has happened in markets this week that suggests a cut could soon be on the table.