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 negotiated an industry-leading rate of 3.25% for a 3-year fixed/closed mortgage — a Sutton Member Program exclusive. This is significantly low in comparison to competing rates currently at 3.65%.

“The 3-year term at 3.25% offers incredible value for individuals looking to maximize savings in the short term as well as hedge against the interest rate risk inherent on a traditional 5-year term,” says Rene Girard, President of Finder Financial Services Ltd.

Visit www.suttonmember.com for all rates.

Apply for a mortgage today.

Finder Financial Services Ltd. announced today that it has expanded the Sutton Member Program to offer the best 1-5 year mortgage rates in Canada.

The Sutton Member Program now provides exclusive access to the best discounted rates on 1,2,3,4, and 5-year fixed term mortgages. The SMP also continues to offer the best variable 5-year mortgage rate in Canada at prime (2.25%).

Best 1-5 year rates in Canada.