Mortgage Information

Find the Right Financing

Being able to find the right financing package may make the different between being able to move forward with a purchase and having to wait for more favorable market condition. While we do not encourage buyers to overextend their borrowing potential, we want to be sure that you have access to the best interest rates and information available when you are ready to make your move. By all means contact your current lenders and then you may want to look at some other financing options as well. There are many well-priced properties on the market right now; maybe this is the right time for your next purchase!

We have a team of dedicated mortgage professionals including bankers and mortgage brokers at the ready to contact you with the latest and best financing options for your proposed property purchase.

Among the mortgage options, is the relatively new “Sutton Member Program” which provides a fixed rate mortgage for a five-year term which will be among the lowest rates in the market place! This rate is only available through your Sutton Sales Associate.

If you are a Buyer, contact us to discuss your circumstances so that we can see which financing package would best suit your needs. For Sellers, not only will the Sutton Member Program provide financing as needed for your next purchase, an added advantage to using this program is that a very competitive low mortgage rate can also be made available to anyone buying your home. This will give your home a decided marketing advantage as Buyers view other comparable homes on the market at the same time.

Contact Carolyn to explore financing options. I’m here to help and I will put you in touch with the banker, mortgage broker and/or Sutton Member Program representative who will provide you with the best borrowing options available. Whether you are looking for a new first mortgage, bridge financing so you can move to your next home, the purchase of an investment or retirement property, you can compare and select the best financing option and make an informed choice.

Mortgage Calculator – Use this tool to get an idea of how various mortgage rates will impact your monthly payments.

Here is a sample mortgage rate calculation: At 5.50%, a $250,000.00 mortgage amortized over 25 years will be approximately $1,535.21 monthly. At 4.25%, the same mortgage will be just $1,354.34 monthly. A monthly savings of $180.87! That would mean an annual savings of $2,170.44 and a 5 year savings of $10,852.20 - significant savings for anyone! Please note that this is a sample calculation only which does not include estimated property taxes or insurance.

Navigating your financing options can seem like the weight of the house that you would like to purchase or sell! Also as I’m sure you know, mortgage rates change frequently and lender fees are seldom easy to figure out. As your Real Estate agent, I would be pleased to walk through this process with you and point you to competent professionals to assist you in securing the best financing possible. The following Currency Converter has also been provided for your convenience.