Minimum mortgage amount $50,000. Stated Income: $750,000 Metro Toronto, Metro Calgary, Metro Vancouver; $600,000 rest of Canada.

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1 Product Features Insurer Programs: CMHC & Genworth Loan Purpose Property Type Standard, Rental, Business for Self Stated and Income Qualified, New to Canada, Purchase Plus, Second Home, Flex Down. Purchase up to 95% (private sales considered case-by-case). Refinance up to 80% (maximum $200,000 for Equity Take-Out). Rental Properties - purchase and refinance with a LTV of 70.1 to 80% (fully insured, borrower to pay the premium). Rental Properties purchase and refinance up to 70% LTV (must have an insurable response). Transfer / Switch (A maximum of $1,000 in fees may be added the mortgage). Bridge Financing. Alt A - LTV > 65% (fully insured) LTV < 65% (must have an insurable response) Primary Residence (1-4 units), Rentals/Investment (up to 4 properties in total, inclusive of primary residence), Second Home. New Construction and Existing Properties. Loan Amount High-Ratio: Maximum $950,000 + premium; Conventional: Maximum $800,000, Minimum mortgage amount $50,000. Stated Income: $750,000 Metro Toronto, Metro Calgary, Metro Vancouver; $600,000 rest of Canada. Terms Amortization Payment Frequency Interest Rate Prepayment Privilege Payment Increase Early Payout Penalty Renewal FIXED: 1, 2, 3, 4, 5, 7 and 10 years. ARM: 3 and 5 years (May convert into a fixed term greater than the time remaining in current term, i.e. 1.4 years remaining, must be converted into a 2 year term or greater). Minimum 5 years ; Maximum 25 years for High-ratio insured and 30 years Conventional. Monthly / Semi-Monthly / Bi-Weekly / Weekly (Accelerated payments available upon request). 120 day rate guarantee. Compounded Semi-Annually, not in advance. Up to 20% of the original principal amount, per year, without penalty. Multiple payments allowed (minimum $100). Fixed: Up to 20% of original payment, without penalty each anniversary year. ARM Changes to Prime: P & I payment will be adjusted each time there is a change in CMLS Prime. Increase payment by up to 20% of the original registered amount each anniversary year. FIXED: Greater of 3 months interest or Interest Rate Differential (based on CMLS posted rate). For fixed rate terms > 5 years, if prepayment occurs after the first 5 years of the term, only a prepayment charge of 3 months interest calculated on the outstanding loan amount is required. ARM: 3 Months Interest at current customer rate. Early renewal subject to payout penalty.

2 Product Features (Continued) Assumability & Portability Appraisals Property & Location Property Taxes Special Notes Available upon qualification. CMLS will allow a maximum of 30 days on a Port (Sale must close within a 30 day window of new purchase). In the event that a full appraisal is required, on high-ratio mortgages the cost will be borne by the mortgage default insurer and on conventional mortgages the cost will be borne by the borrower. Readily marketable residential dwellings, located in markets with demonstrated ongoing re-sale demand. The property must be located in areas that are acceptable to CMLS and must be suitable for, and available for, year-round occupancy. New construction must be covered by a CMLS approved New Home Warranty Program. In addition, the property must meet the following criteria: 1) Municipal zoning 2) Fully self-contained 3) Remaining economic life > 25 years Restrictions: Properties that are constructed for seasonal use, or have seasonal access, time-share interests, life leases, commercial zoning, quarter-share/shared ownership fractional interests, co-operative housing, rental pools, life lease properties, floating homes, boarding/rooming houses, BC leaky condos, heritage homes, log homes, grow ops, mobile/modular homes, hobby or operating farms, vacant land, homes on reserve land, water access only and properties with restrictive covenants are not eligible. Minimum square footage: House is > 750 square feet; Condo is > 500 square feet. High Ratio: Collected by CMLS and paid on borrower s behalf. Conventional: Borrow may request to pay own taxes directly. CMLS requires all mortgages to have Title Insurance. / 2

3 Income Guidelines & Documentation Alimony / Support 100% of support payments may be used. A copy of the Separation Agreement, Court Order or Divorce Judgment is provided (signed and witnessed by all parties). The borrower s most recent years T1 General to confirm spousal/child support declared as income, supported by an NOA. Bonus / Overtime Car Allowances Child Tax Benefit Commission Contract Disability Hourly Wages Investment Must show consistent earnings for 2 years or more. May be considered with verification that income is a taxable benefit. Basic Child Tax Benefit will be considered on a case by case basis. Must show consistent earnings over the past 2-3 years to demonstrate the income will continue in the future. Must show current contract is in place for a minimum of 12 months and deemed renewable despite the fact that it is unlikely the employer will guarantee this. Factors to be considered: Quality and nature of employment, supply and demand of services, terms of the contract and reasonability of income being used. Short Term Disability - 100% of income can be used provided the clients return date, position and salary can be verified by their employer. Permanent Disability Must provide confirmation from Insurance Company. NOTE: May be grossed up if confirmed non-taxable.if income is < $30,000, it may be grossed up by 25%.If income is > $30,000, it may be grossed up by 35%. Confirmation of guaranteed hours and rate of pay. Must confirm that investment portfolio can sufficiently support continuity of investment income for the term of the mortgage. confirmation + 2 years Notice of Assessments (NOAs). Recent paystub + Letter of employment with verbal confirmation. Current year s Child Tax Benefit Notice, confirming the Basic Child Tax benefit. Calculate average income using Letter of employment with verbal confirmation + 2 years NOAs or T4s. For self-employed commission net income, determine via T1-Generals or the corresponding NOAs. Net income from line 150 may be grossed up by 15%, provided there are no taxes deducted. Receipt of Contract/ Letter of employment + current paystub to confirm taxes are deducted at source. Short Term Disability - Letter of employment with verbal confirmation. Permanent Disability - Letter from insurance company with verbal to confirm annual disability, permanent status and whether it s non-taxable. confirmation + current paystub if hours are not guaranteed, 2 years NOAs or T4 s are required to calculate average. 2 years T1 Generals or T5 s to calculate average income, along with statements to confirm the value of the investments.

4 Income Guidelines & Documentation (continued) Parental Leave Pension 100% of annual income will be considered if income and return to work date are confirmed via employer. CPP, OAS, Widows pension, Annuity and other pensions are all considered. NOTE: May be grossed up if confirmed non-taxable. If income is < $30,000, it may be grossed up by 25%. If income is > $30,000, it may be grossed up by 35%. confirmation. Most recent year T4A or T1 Generals. 3 months bank statements. Pension statement issued for CPP and OAS (for new recipients). Part-Time & Seasonal Must show consistent earnings for past 2-3 years. confirmation + 2 years T4 s to calculate average. Rental Subject is a Rental Property - 50% of rental income will be added to gross income. Genworth allows for 80% offset. Owner Occupied with rental suite - 50% rental income will be added to the gross income. Greater Vancouver/Victoria area; 100% rental income can be added to the gross income. Additional Rental Properties - CMLS will prepare a rental analysis worksheet (for a surplus or deficit CMHC will add or deduct from the income and Genworth will add the surplus to income and the deficit to the liabilities). CMHC - Lease agreement or confirmation of market rents via letter of economic rents from an accredited appraiser. Genworth - Most recent Statement of Real Estate Rental to confirm rental income. Salaried All guaranteed income must be confirmed. confirmation + current paystub. Self Employed Business for Self (BFS) income may be Qualified or Stated. The following will be considered: (i) Viability of the business and ability to support the income in the future. (ii) Income is regular, recurring and continuous (iii) Income is realistic given the type of business, experience and ability of the borrower. Qualified BFS - An average of the most recent 2 years NOAs will be used. The Net Income can be grossed up by 15% or add backs of capital cost allowance, depreciation and business use of home can be considered. Business License or Articles of Incorporation are required. Stated BFS - Most recent NOA to confirm no outstanding tax arrears and one of the following: Business License, Articles of Incorporation or 2 years T1 Generals with Statement of Business Activities. / 2

5 Downpayment Verification Borrowing Against Non-Subject Property Borrowing Against Liquid Asset CSB / GIC / Term Deposits Guidelines Equity take out from another property is allowed as long as payment consideration is made in TDS calculations. Borrowed down payment is considered. New payment must fit into the TDS calculations. All three will be considered as long as investments are redeemable. Documentation Required Approved commitment from other lender or registered charge to be provided by the solicitor. Statement for account being used to confirm balance and payment details. Current investment statements to confirm balances and redeem ability. Deposits with Offers Gift Inheritance Relocation Expense RRSP s Three months (most recent) bank statements required. Non re-payable gifts are acceptable from an immediate family member. Note: Not available to previous Bankrupts. Inheritance from an immediate family member. Some employers (eg. DND) will cover moving expenses, Insurer premiums or closing costs due to relocation. RRSP is allowable. Encourage redemption through government. first-time homebuyer RRSP withdrawal program. Bank statements to confirm deposit has been debited from account. If deposit was made over 90 days from date of purchase, Statement of Adjustments may be used. Gift letter with bank statement to confirm deposit to applicant s account. Letter from estate lawyer to confirm applicant is in receipt of an inheritance, and the amount of inheritance. Letter from Relocation Services confirming what fees are being covered by the employer. Up to date RRSP statements to confirm balance and that the investments are redeemable. Sale of Real Estate Proceeds from sale of previous property. Firm sale agreement with all waivers. Savings Three months bank statements required. Bank statements to confirm deposit has been debited from account. If deposit was made over 90 days from date of purchase, we can review the Statement of Adjustments. Stocks and Securities Allowable if redeemable. Current investment statements with confirmation investments have been redeemed and deposited into client s bank account.

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