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 terms range from 1 -10 years. The choice is yours and depends on your particular financial situation, and whether you’re willing to take a bit of a risk, or you prefer security over potential savings.

In general the longer the term, the higher the rate.

Is a shorter mortgage term right for you?

• Do you plan to move in the next year or two?
• Do you estimate that rates will go up and want to protect yourself against a larger rate increase while taking advantage of the much lower interest rates on 1-3 year terms?

Is a longer mortgage term right for you?

• Do you feel that rates are pretty good now and want to hold on to them as long as possible?
• Do you prefer the security of knowing your payments and interest rate will be the same for a longer period of time?

SMP’s mortgage coordinators can provide you with the details you need to make a choice that works for you. Apply online at www.smpapplication.com.

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 being offered through Finder Financial Services Ltd. as it ensures that more SMP members will qualify to receive the best mortgage rates in Canada.” says Rene Girard, President of Finder Financial Services Ltd.

With the addition of this partnership, SMP solidifies its third of three very strong lender relationships ensuring that SMP, through its distribution channels, continues to offer the best rate mortgages in the industry.

Visit www.suttonmember.com for current rates.