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6 Hot Sutton Mortgages!
| Sutton Rate Buster |
Sutton 710 |
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• 1.51% Rate Discount for the first year, and as of June 6, 2001, 0.85% off posted
rates for the next 4 years
• 5-year Fixed Term
• Payment
Frequency (monthly, semi-monthly, bi-weekly, and weekly)
• Prepayment
15% per year
• Portability:
Yes
• Assumability:
Yes
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• 7 months Cash Back equivalent to 7 months principal and interest
• 10-year Fixed Term
• Payment Frequency (monthly, semi-monthly, bi-weekly, and weekly)
• Prepayment 15% per year
• Portability: Yes
• Assumability: Yes
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A new home is the largest purchase most people will ever make. Having payment options and the guidance of a real estate professional make the process that much easier. These
exclusive Sutton-branded mortgages are unique in the industry. Using Sutton's impressive presence in the real estate market, we've been able to create unique mortgage products with excellent rates and terms.
Sutton Rate Buster (5-year term)
The Sutton Rate Buster offers new homeowners discounts of 1.51% off the posted 5-year rate for the first term of the mortgage, followed by an aggressive rate for the remainder of the term of the mortgage. As of June 6, 2001, receive the very competitive
discount of 0.85% (or 85 basis points) off the posted rates for the next 4 years. That's a significant benefit you can count on.
Sutton 710 (10-year term)
This mortgage offers seven months of principal and interest cash back in a lump sum payment after funding, which is equivalent to more than 5% of the principal. Use that Cash Back to help pay for moving costs, new furniture or investing. The Sutton
710 is a 10-year fixed term mortgage with competitive interest rates guaranteed not to change for TEN years! You'll find financial stability now and into the future.
The Sutton 3-year
This is a great medium-term mortgage with an excellent interest rates. The Sutton 3-year is portable, assumable and offers monthly, semi-monthly, bi-weekly and weekly payment options to provide maximum benefit.
The Sutton 6-year
This mortgage offers a 6-year fixed term mortgage at competitive interest rates and includes cash back equal to 5 months principal and interest plus great every day low rates! Together they add up to savings and security in a constantly changing
economy.
The Sutton Variable Rate Mortgage
The variable rate offers more flexibility with the opportunity to benefit from declining interest rates. Payments are fixed but when interest rates fluctuate downward, more of the monthly payment is applied to the principal. You also have the option
of switching to a fixed term mortgage as interest rates rise. For the first 3 months of the term of Sutton's Variable Rate Mortgage you will receive a special introductory rate of 2.65% below prime! Then 0.265% below prime for the balance of the
5-year term. Convertible to 3, 5, or 6-year term anytime.
All terms and conditions are subject to change and withdrawal without notice. For more details please contact your Sutton sales associate or your local Sutton office.
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