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:

Looking for the Lowest Mortgage Rates ... Shop and Compare.   More info on our SMP Mortgages.

On the right we have posted the Lowest Canadian Mortgage rates we could find published.  Check over 50 other lenders rates > Compare Other Mortgage Rates On-Line <

Land Transfer Tax Calculators

Everything you need to know about the Ontario and Toronto Land Transfer Tax.  Newly added link for Questions about the new HST.       Property Land Transfer Tax Calculator


The Step-By-Step Mortgage Process

When shopping for the Best Mortgage Rates, be prepared in advance before approaching a lender.  A rate savings of even half a percent could save you well over twenty thousand dollars throughout the life of the mortgage.

Below is a basic overview of what you can do to ensure you get the Best and Lowest Mortgage Rate on the market today. 

Step #1 How Much Can You Afford or Wish to Spend?

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 and click Calculate Now.

To view the different results of your calculation, click on the various tabs. To e-mail yourself a copy of your results, click the Receive this Detailed Analysis link.

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:  $
  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)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Step #2 - Comparing Mortgage Rates

> Compare Mortgage Rates On-Line <

Don't take the first rate you are offered without doing some basic checking.

The link above Lists over 50 Banks & Lending Institutions
to easily compare the average 5 Year Closed/Fixed Mortgage Rates

Don't forget to check out the Sutton Member Mortgage Rates


Step #3 - Comparing Terms and Mortgage Payment Options

Deciding on which Mortgage to choose - variable, 3 year fixed, 5 year can be difficult.

Use this Cool Calculator to enter 3 Different Interest Rates
so you can visually see the possible savings.

Use the three "what if" scenarios to analyze Canadian mortgage options and see how a change in interest rates affect your mortgage payments, how an increase in payments affects your amortization period and so on.

The 3 Scenario Mortgage Calculator



Step #4: Be Prepared Before Heading to the Bank


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

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

Check out our Sutton Member Program Page where we list tips on what to do BEFORE you head to the bank.   Being prepared can help you negotiate the best rate.

Need more tips contact us at our Sutton Real Estate Office at 416-896-3333 or 905-896-3333 - just ask for our Mortgage Department - we're happy to help.


*Rates shown available O.A.C. as at February 18, 2010. The 1 yr Variable/Closed rate is Prime - 0.70% = 1.55%, 3 yr Variable/Closed rate is Prime - 0.54% = 1.71%, and 5 yr Variable/Closed rate is Prime - 0.49% = 1.76%. All variable rates based on the current Prime rate of 2.25%. Rates are calculated semi-annually and not in advance. Terms and conditions apply. BC & ON only. Mortgages facilitated by Finder Financial Services Ltd. FSCO# 10245. Property must be closing within 30 days to be eligible for the No Frills rate. Certain rates are applicable to purchases only. Available only to members who purchase a home through a Sutton agent registered with the Sutton Member Program (SMP) except for refinance in which case the individual must be referred by a realtor member of SMP. 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 any time.