Having eBox 1gig service connected next week. Getting the Beacon 3.1 but concerned with coverage for a 3-level, 3000 sq. ft. home. Do ya'll think the Beacon is good enough or know of any other routers that will work with ebox's service? Recommendations accepted. Thank you!
Hi everyone,
My sibling is transferring ownership of their condo to me, and they currently have a mortgage with RBC that matures at the end of June 2027.
To keep things simple and avoid breaking the existing mortgage, I’m looking into assuming the mortgage instead of discharging it and getting a new one.
I’ve got a few questions:
What does the actual process look like with RBC? Is it as simple as booking an appointment with a mortgage specialist and formally applying for an assumption, or is it more involved behind the scenes?
Our lawyers have mentioned that mortgage assumptions are quite rare nowadays and that many lenders have stopped offering them in practice. Is that accurate for RBC and the other big banks?
Under what circumstances would RBC deny an assumption other than me not qualifying financially? Especially since they still advertise mortgage assumptions as an available feature on their website.
Has anyone here actually gone through a sibling-to-sibling mortgage assumption with RBC or any of the major Canadian banks? I’d really appreciate hearing your experience—either here or via DM.
Thanks in advance.