Sutton Member Mortgage
Rate Drop

 

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

This Sutton Member Mortgage Rate just drop to the Lowest Historical Rate in our History.

Our Mortgage Rates Just Dropped, please pardon us while we update our Mortgage Graphics. 

3.89% when you Purchase a Sutton Member Listing or
Buy through a Sutton Member BUT we also now have great
rates for our clients wishing to refinancing their existing home
review our refinance rate.

Thinking of Listing Your Home for Sale?
Do you think offering the Sutton Member Mortgage Rate could make a Difference?
Free On-Line Home Evaluation

Would you like to see this sign rider on your For Sale Sign?

 The Sutton Mortgage 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 Sutton Group Member 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 On The Computer Icon
.  or Call Us At 905-896-3333 Or 416-895-3333

Home Evaluation Report

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.

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.

 
Bank of Canada Interest Rate Trend for 2009

As the Bank of Canada lowered its interest rates, banks quickly followed by lowering their mortgage rates.   In reviewing the chart below we can see the incredibly low 1% rate coming into the year and by the end of April the Bank of Canada rate dropped to a mear quarter percent.  

While it might be great news for homebuyers, for savers it results in zero interest earned on their daily interest savings accounts.        This may be the sign buyers sitting on the fence have been waiting for.   

Is this the lowest the Bank of Canada interest rates can go?   Any further and we would be looking at zero.  Perhaps now is the perfect time to purchase a home and take advantage of a long term fixed mortgage rate or opt for an early renewal of your existing mortgage.   Call us or check out our mortgage calculators and see what your overall savings could be.   

 

• 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.

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

*As of May 12, 2009, the rate of 3.29% is available On approved Credit on a 5-year closed/fixed term.

**As of May 7, 2009, the variable rate is prime + .25% =2.50% based on the current prime rate of 2.25%.  Please note Bank Prime Interest Rate and Bank of Canada Prime Interest Rates are different.

Available only to members who purchase a home through an approved Sutton agent who is registered with the Sutton Member Program. †At May 11, 2009, the rate of 3.45% is available on approved credit on a 5 year closed/fixed term for refinancing. Applicable mortgages only and subject to Finder Financial Services Ltd. lending criteria for residential properties. Finder Financial Services Ltd. reserves the right to discontinue this offer at anytime. Terms and conditions apply. Ontario and BC residents only. Finder Financial Services Ltd. is registered with the Financial Services Commission of Ontario - Registration# 10245.

Sutton Group Member Mortgages, Sutton Mortgages Info, Sutton Real Estate Mortgage Questions give us a call.  Sutton Group Realty Offices

Members of the Toronto Real Estate Board, Oakville and Milton Real Estate Board, Hamilton and Burlington Real Estate Association.