With Vancouver and Burnaby house prices on the rise, getting the best interest rate for you mortgage is becoming increasingly important. Using an approved Sutton Real Estate Agent gives you access to The Sutton Member Program, which rewards select clients with ultra-low interest rates that are not matched anywhere. A rate savings of even half a percent could save you well over twenty thousand dollars throughout the life of the mortgage. Call or email me to get more information on this mortgage product.
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Rate Guidlines
1, 2, 3, 4 YearFixed/Closed
• Pre-approvals available
• Commitment Period: 120 days
• Amortization: 16-35 years available
• Loan to Value (LTV): 95% Maximum
• Prepayment Privilege: 20% / 20%
• Minimum Beacon Score: 600
• Minimum $50,000 mortgage amount
• Default Insurance Provider: CMHC
• Refinancing available
• Owner Occupied & Rental **
• Payment frequency: weekly, bi-weekly,
semi-monthly, monthly
• Portable upon qualification
1, 3, 5-Year Variable/Closed
• Prequalification* available
• Commitment Period: 120 days
• Amortization: 16-35 years available
• Loan to Value (LTV): 95% Maximum
• Prepayment Privilege: 20% / 20%
• Minimum Beacon Score: 600
• Minimum $50,000 mortgage amount
• Default Insurance Provider: CMHC
• Refinancing available
• Owner Occupied & Rental **
• Payment frequency: weekly, bi-weekly, semi-monthly, monthly
• Portable upon qualification
• Prequalification* available
• Commitment Period: 120 days
5-Year Fixed/Closed
• Pre-approvals available
• Commitment Period: 120 days
• Amortization: 16-35 years available
• Loan to Value (LTV): 95% Maximum
• Prepayment Privilege: 20% / 20%
• Minimum Beacon Score: 600
• Minimum $50,000 mortgage amount
• Default Insurance Provider: CMHC
• Refinancing available
• Owner Occupied & Rental **
• Payment frequency: weekly, bi-weekly, semi-monthly, monthly
• Portable upon qualifi cation
5-Year Fixed/Closed 30- DAY NO FRILLS GUIDELINES
• Amortization 18-35 years available
• Loan to Value (LTV): 95% Maximum
• Prepayment Privilege: 5% / 5%
• Minimum Beacon Score: 680
• Minimum $60,000 mortgage amount
• Default Insurance Providers: CMHC & Genworth Financial
These are general guidelines only. Each mortgage is unique and must be reviewed by a mortgage coordinator to determine eligibility. Our mortgage coordinators will work with clients to fi nd them the best rate available for their specific situation.
*Rate hold and commitment upon approval of the client and the property by the lender. ** Rental properties will be subject to CMHC premiums for mortgages greater than 65% LTV
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