SOURCE: RBC Mortgage

June 16, 2005 16:50 ET

RBC Mortgage Opens Ad Astra Mortgage Ltd to Serve Lawrence Area Customers

Chris Forbes Appointed Branch Manager

HOUSTON, TX -- (MARKET WIRE) -- June 16, 2005 -- RBC Mortgage announced the opening of Ad Astra Mortgage Ltd in Lawrence, Kansas. Ad Astra Mortgage is a joint venture between RBC Mortgage and Stephens Real Estate.

Through RBC Mortgage's affiliated business arrangement program, Ad Astra Mortgage provides homebuyers with online applications, quick approvals, 24/7 loan status reports and a smooth mortgage process from start to finish.

Ad Astra Mortgage offers a variety of products to meet qualified homebuyers' needs, including fixed, adjustable, conventional, jumbo and VA loans. The company also offers low and no down payment programs and mortgages for borrowers with less-than-perfect credit.

Chris Forbes has been appointed manager of the new Ad Astra Mortgage branch in Lawrence, where he will oversee loan origination and operations. He has been lending money in Lawrence since 1977. Most recently, Forbes managed RBC Mortgage's Lawrence office for the past two years. Prior to that, he managed North American Mortgage's Lawrence office for six years. Forbes brings a wealth of experience in conventional, FHA and VA lending and welcomes his prior customers to contact him at the new office.

About RBC Mortgage

RBC Mortgage, headquartered in Houston, includes a nationwide network of loan officers and branches in 30 states. The company has operations in both retail (originations direct to consumers) and wholesale (originations through third-party brokers). It also has joint ventures with numerous real estate offices and builders through affiliated business arrangements (ABAs). For more information about RBC Mortgage, please visit the company's website at www.rbcmortgage.com. RBC Mortgage is an indirect wholly owned subsidiary of Royal Bank of Canada (NYSE: RY)(TSX: RY).

About Stephens Real Estate

Founded more than 25 years ago by Bob Stephens, Stephens Real Estate is the largest independent real estate company in the Lawrence area, with more than 60 Realtors and a branch office in Baldwin City. Their experienced and knowledgeable professionals take great pride in providing clients with the best service possible and expert advice in residential, new construction, rural, commercial and investment real estate.

Contact Information

  • Contact Information, Ad Astra Mortgage:
    Chris Forbes, Branch Manager
    Ad Astra Mortgage LLC
    2701 West 6th
    Lawrence, KS 66049
    785-841-4434

    Media Contacts:
    RBC Mortgage
    Lisa M. Martin
    Marketing Communications Manager
    Email Contact
    (713) 351-6469
    (713) 351-6509 fax