Category Archives: Rates

Mortgage Penalties

SMP: Theresa’s Soap Box – Mortgage Penalties Today I am here to chat about mortgage penalties. Why I’m getting a lot more questions about mortgage penalties from clients in the past couple of months? What is the normal mortgage penalty … Continue reading

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Bank of Canada Benchmark Rate Drop!

SMP: Theresa’s Soap Box – Bank of Canada Benchmark Rate Drop Welcome to the Sutton Member Program booth at the Sutton National Conference in Las Vegas at The Mirage! I just wanted to invite you here and give you a … Continue reading

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Locking-in Your Mortgage Rate Might Not Save the Day

Theresa’s Soap Box – Locking-in Your Mortgage Rate Might Not Save the Day Today we’re going to quickly go over variable rate mortgages and the convertibility or “lock-in” feature that you get with most variable rate mortgages. I personally am … Continue reading

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Good-bye 35 Year Amortization?

Theresa’s Soap Box – Good-bye 35 Year Amortization? Today we’re going to talk about the 35 year amortization; the end of it and where you might be able to still find it. March 18th is officially the end of the … Continue reading

Posted in Mortgage Rules, Rates | 2 Comments

Trade-off: Rising Mortgage Rates and Falling Home Prices

Theresa’s Soap Box – Trade-off: Rising Mortgage Rates and Falling Home Prices Today we are going to discuss the trade-off between rising mortgage rates and falling home prices.  We know a lot of you want to buy a home, and … Continue reading

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Rate Promotion – 4-Year Fixed/Closed 30-Day Quick Close at 3.51% (PROMO EXPIRED)

For a limited time, SMP has the following rate promotion: If applicants are working with a Sutton REALTOR®, rates are as follows: 4-Year Fixed/Closed Rate: 3.51% If applicants are NOT working with a Sutton REALTOR®, rates are as follows: 4-Year … Continue reading

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Myth – Bargaining for Mortgage Rates

Theresa’s Soap Box – Myth – Bargaining for Mortgage Rates Quite often we’re asked are these rates the best rates you have? A lot of people are under the impression that they can bargain for a better mortgage rate, but … Continue reading

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Mortgage Rollercoaster!

It’s not a surprise to anyone that mortgage rates are a reflection of bank of Canada’s rates; but one universal principle dictates if those rates increase or decrease. Let’s take a refresher course in Economics 101; rates fluctuate based on the basic theory of supply and demand. As home sales increase, rates tend to also increase and the opposite can be said if sales decrease. Although this is a reliable model, there are TONS of other factors that can influence your mortgage rates moving it up and down, forwards and backwards, leaving you a little dizzy and a lot more nauseous, much like a monster rollercoaster ride! Continue reading

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Choosing A Mortgage Term

There are several variables to consider when looking for a mortgage. One of them is selecting a mortgage term that’s right for you. The mortgage term is the length of time that the mortgage interest rate is fixed. Standard mortgage … Continue reading

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Finder Financial Services Ltd. Announces Strategic Partnership with Home Trust

Finder Financial Services Ltd. has entered into a strategic partnership with Home Trust Company, one of Canada’s leading trust companies, to offer numerous discounted mortgage products through the Sutton Member Program (SMP). “We are very excited about these new products … Continue reading

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