Sutton Group Realty Systems Inc. Brokerage . 416-896-3333 . 905-896-3333

SMP Mortgage Rate Mortgage Faciliated By Finder Financial Services Ltd.

Save Money On Discounted Mortgage Rates   Canada's Lowest Posted Mortgage Rate.
Sutton Member Program Mortgage Rates.  Our SMP Lowest Mortgage Rates:

CURRENT MORTGAGE RATES* AS LOW AS ....

 

 
 


 

 Have a Question about the Sutton Mortgage?

Shopping for the Lowest Mortgage Rates?  Informal Over-the-Phone Information on the Latest Rates & Terms.

Sutton Canada Toll Free:  1-800-265-1361
Sutton Toronto   416-896-3333
Sutton Peel:      905-896-3333
Sutton Halton:   905-827-6999
sutton@realtor.com

 Save Money!    Get the Best Mortgage Rate!  Looking to Refinance - Mortgage Rates at a Glance
A List of over 50 Banks & Lending Institutions to easily compare the average 5 Year Closed/Fixed Mortgage Rates

> Compare Mortgage Rates On-Line <

Try Our Quick Mortgage Calculator to easily compare and see the rate savings


 Not sure how much you qualify for? Call us at 1-800-265-1361
Easy, Hassle Free Answers.   A Quick way to Give You a Little Peace of Mind.

Glossary of Mortgage Terms


 Thinking of Selling Your Home?

 The SMP is designed for sharing.  If you see one of our Sutton Member For Sale Signs with this Rider - have your realtor call us about the property. If you purchase a Sutton Member Listing through another realtor you may qualify for this great rate.*


 Watch out for our Sutton Realty For Sale Signs.

As a Seller the benefits of offering a SMP Mortgage may be even more significant than you realize.   These mortgage rates can be offered to any qualified Buyer wishing to purchase your home, even if its through another realtor.  In fact, the reduced monthly cost offered through a "Sutton Member Program" mortgage may make the difference between being able to afford your home or not. Or, in other cases, it may mean you will get more for your home because the Buyer can afford to pay more.
     

Free ONLINE Home Evaluation Available By Clicking Here
.  or Call Us At 905-896-3333 Or 416-895-3333

Request a Free Home Evaluation Report
 

 

 Tips on Applying for a Mortgage in Today's Market

In today's market banks are taking a more cautious approach with qualifying consumers for mortgages.

Before starting your search for the perfect mortgage be prepared so you can negotiate the best rate.

Simple Tips for Shopping for a Mortgage:
 

  1. Employment Verification:   Have your job letter and pay stub handy - no paystub how about a T4.   If you are self employed obtain 2 - 3 years of your tax returns (Notice of Assessments).  Can't find them - you can contact Revenue Canada to reprint and mail you a copy.  
     
  2. Downpayment Verification:   Many banks today want to ensure your downpayment is obtained through savings, and not being borrowed from a line of credit or cash advance from a credit card.   Copies of your passbooks, bank statements, RRSPs, GIC's etc in advance are extremely helpful.   The majority of lenders will be looking for a minimum of 5% downpayment plus evidence that you have a sufficient funds for closing costs.  (lawyers fees, land transfer tax)
     
  3. Credit:   Credit Score is key.   If you are not sure of your credit score - you can apply on-line with www.equifax.ca to review your personal file.   Read our little blog on how to analyse your credit score below.

 

 Tips for Refinancing Your Mortgage

If you are currently locked into a long term mortgage at a higher rate we suggest calling your existing Bank first to review any discharge fees.   Many consumers believe to break a long term mortgage only costs about 3 months interest penalty.   But, read the fine print and you might notice - it is 3 months interest penalty or the "differential" whichever is higher.  

It might be wise, before considering switching mortgages confirm your discharge penalty.   In many cases the cost to break a mortgage might outway the savings of a lower rate.

If your mortgage is coming up for renewal - we suggest shopping around 90 days prior to your renewal.  

May we also suggest the same tips in preparing to shop as above - Tips for Shopping for a Mortgage.

At's all about being prepared to help you Save as much Money as possible on your Mortgage Rate.

 


 

 Real Estate Mortgage Calculators

Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.


Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Compare Mortgage Payments:    Enter a regular Post Mortgage Rate available from any lender and review the mortgage payment.   Then enter our Sutton Member Mortgage Rate and see the new rate.

Sharpen your pencil!   Click here for a cool way to visually compare "3 mortgage rates"   A variable, 3 year mortgage rate or 5 year mortgage rate. 

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

 

 Mortgage Highlights

  • How Does the Plan Work?  Give us a Call!   Sutton Canada Toll Free 1-800-265-1361
    Toronto / GTA:  416-896-3333
     
  • Quick over-the-phone guidelines on the qualifying criteria.
     
  • Other Rates & Terms Also Available.

    First Time Buyers are always encouraged to get a PreApproval.   You will feel more confident when starting your home search.  Our Information is Free for the Asking!

Not intended to solicit clients under contract.

If you'd like an On-line PreApproval click here

Thinking for Selling Your House?   Think Sutton and how the Sutton Members Mortgage can help you attract more buyers.  Ask for a Free Market Opinion on your home value.


Feedback Form for the Sutton Member Mortgage Program



Whether you are planning to buy your first home or sell your existing home, if you'd like more information we'd love to hear from you!   

E-Mail us for more information on the Sutton Mortgage:

To:  Sutton Realty
Subject: 

First Name: 
Last Name: 
Email: 
Phone: 
Comments: 


Do You Know Your Credit Score? It May Affect Your Interest When Purchasing


The very first thing that your loan officer checks when you apply for a mortgage or any kind of credit is your credit score. You are rated in terms of the score which in most cases influences the amount you can borrow. Understanding your credit score ... read more