TOTAL MORTGAGE AND LEASING

1. TOTAL MORTGAGE AND LEASING Immigration Seminar www.mypowermortgage.com

2. TOTAL MORTGAGE AND LEASING Outline • Who is Dominion Lending Centres? • Ways To Get a Mortgage • Why Choose a Mortgage Broker? • Role of a Mortgage Broker • The Mortgage Process • Mortgage Basics • Kinds of Mortgages www.mypowermortgage.com

3. TOTAL MORTGAGE AND LEASING Who Are We? Dominion Lending Centres is a national mortgage brokerage and leasing company with more than 2,000 mortgage professionals offering free expert advice across Canada - taking the hassles out of the mortgage process and simplifying your life. I own a Dominion Lending Centre franchise called DLC Total Mortgage and Leasing and you can view my website at wwww.mypowermortgage.comWith access to more than 90 lending institutions, including big banks, credit unions and trust companies, I am familiar with which lenders will be interested in applicants that are new to Canada who are either Landed Residents or in Canada on work permits or off-shore investors. www.mypowermortgage.com

4. TOTAL MORTGAGE AND LEASING Two Ways To Get a Mortgage From your bank or from a licensed Mortgage Broker. The problem with going to a bank: Banks can only offer products from their financial institution. www.mypowermortgage.com

5. TOTAL MORTGAGE AND LEASING Why Choose a Mortgage Broker? I have access to Canada’s largest banks, Credit Unions, Trust Companies and Financial Institutions. You have access to hundreds of products offering you much more choice. I offer a structured approach to your mortgage needs which can begin before you arrive in Canada thus removing much stress. I am independent – I work for you, not the bank! MY SERVICES ARE FREE! www.mypowermortgage.com

6. TOTAL MORTGAGE AND LEASING My Role as a Mortgage Broker To provide exceptional customer service. Walk you through the entire mortgage process and educate you with regards to your mortgage options so that you can become comfortable with the mortgage process and equip you to make informed mortgage decisions. Tailor your mortgage to suit your unique financial needs. Save you time, money and effort. www.mypowermortgage.com

7. TOTAL MORTGAGE AND LEASING Lending Categories for “New To Canada” Applicants Landed Residents With employment Without employment Work Permits/Provincial Nominee Program Offshore Investor www.mypowermortgage.com

8. TOTAL MORTGAGE AND LEASING Lending Categories for “New To Canada” Applicants Landed Residents With employment • Employment letter on company letterhead • Start date • Position held • Gross annual income • Recent paystub • Previous job reference letter confirming tenure and position • Bank status report confirming account tenure in good standing • UK credit bureau (good to have) • Source of down payment • Maximum LTV = 95% upon qualification www.mypowermortgage.com

9. TOTAL MORTGAGE AND LEASING Lending Categories for “New To Canada” Applicants Landed Residents Without employment • Previous job reference letter confirming tenure and position • Bank status report confirming account tenure in good standing • UK credit bureau (good to have) • Source of down payment • Max LTV = 65% • Lender may ask for 6 – 12 months hypothecated funds for principal and interest payments www.mypowermortgage.com

10. TOTAL MORTGAGE AND LEASING Lending Categories for “New To Canada” Applicants Work Permits / Provincial Nominee Program • Same requirements as those who are Landed Residents with employment • Max LTV = 90% • Copy of work permits www.mypowermortgage.com

11. TOTAL MORTGAGE AND LEASING Lending Categories for “New To Canada” Applicants Offshore Investor • Max LTV = 65% • Full disclosure of income, assets and liabilities in UK • Rates are at a premium • Bank status report confirming account tenure in good standing • UK credit bureau (good to have) www.mypowermortgage.com

12. TOTAL MORTGAGE AND LEASING The Mortgage Process Mortgage Pre-approval 2. Mortgage Approval 3. Product Selection www.mypowermortgage.com

13. TOTAL MORTGAGE AND LEASING Mortgage Basics Income Credit score Short term debts Source of down payment www.mypowermortgage.com

14. TOTAL MORTGAGE AND LEASING Two Kinds of Mortgages • Conventional • High Ratio Down payment is less than 20% of the purchase price. Mortgage must be insured against default. Minimum 5% down payment. Down payment is at least 20% of the purchase price. No mortgage default insurance. www.mypowermortgage.com

15. TOTAL MORTGAGE AND LEASING Useful Websites • Canadian Mortgage and Housing Corporation (CMHC) cmhc.ca • Genworth genworth.ca www.mypowermortgage.com

16. TOTAL MORTGAGE AND LEASING Take Home Messages Complete an online application at www.mypowermortgage.com/keith • Get pre-approved before you start house-hunting! • You learn what purchase price you qualify for • Rate hold in place for up to 120 days • Take your time, do things at your own pace • Arm yourself with the knowledge to make informed financial • decisions that you feel comfortable with • Let me help guide you through each step of the mortgage process! www.mypowermortgage.com

17. TOTAL MORTGAGE AND LEASING Questions? For more information please visit my website www.mypowermortgage.com/keith 604.723.5363 kbaker@mypowermortgage.com Thank You www.mypowermortgage.com Dominion Lending Centres Total Mortgage and Leasing Office Address, City, Province, Postal Code