aspire to own AVEO PROGRAM GUIDE General Guidelines Bankruptcy & Consumer Proposal Min 600 Beacon Rental Properties

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1 General Guidelines 80% LTV fully income qualified deals ONLY Purchases / Refinances (ETO max $200K) Min. beacon: 600 (main income earner) can use Transunion bureau Owner occupied / vacation / secondary home & rentals Max. 30 year amortization available / 35 year amortization on exception with 680 Beacon (Main income earner) 44 / 44% GDS/TDS % LTV 50 / 50% GDS / TDS Less than 65% LTV 39 / 44% GDS / TDS for 35yr Amortizations Min. loan amount: $100,000 Max. loan amount: $1,000,000 Geographical restrictions apply Min 10% DP must be from own resources Appraisals required on all deals through Solidifi All mortgages must be approved based on BOC or contract rate whichever is greater (until January 18 Contract + 2%) Rates range from 3.75% %. Fees: 1-2% (50 /50 Split) Application fees 1yr $350 2yr $400 3yr $450 deducted from proceeds at funding Property taxes are to be paid by CMLS no exceptions Bankruptcy & Consumer Proposal Min 600 Beacon Bankruptcy must be discharged min 6 month for 80% LTV or else max of 65% LTV Consumer proposals can be paid out with refinance proceeds max 80% LTV provided they have been in repayment for min 6 months Alternate credit is acceptable via 12 months of bank statements showing rent or mortgage paid, along with alternate trades (no re-established credit on bureau required) No double banks & no property can be involved Full bankruptcy / proposal documents upfront List of creditors Statement of Affairs Discharge Certificate Rental Properties Min. 600 beacon score Max. to 75% LTV exception to 80% LTV with 680 Beacon Triplex / Fourplex max 75% LTV no exceptions Max $750K Mortgage Max. of 4 properties in portfolio or $2 Mill in mortgages Max 30 yr Am / 35 year amortization is on an exception basis 680 Beacon Min. 10% from own resources 44 / 44% GDS/TDS % LTV 50 / 50% GDS / TDS Less than 65% LTV 39 / 44% GDS / TDS for 35yr Amortization Subject Rental 80% offset Non Subject CMLS Rental Worksheet Rental Income via Economical Rents from Appraiser / T1 s or Lease Agreement Personal lending only. No company names

2 Special Features Funds can be used to Payout CRA Income Tax Arrears Property Taxes Well & septic properties are case by case Condo & townhouse: max. 80% LTV no restrictions Will lend in BC, AB, SK, MB & ON with a wide range of areas available Second Mortgages to 90% LTV from alternate lender behind CMLS Aveo first Private Sales We will consider all private sales that are not on MLS Will consider gifted equity when the vendor and purchaser are related (kin) Vendor and purchaser may not use the same lawyer\solicitor\law firm for transactions Income Confirmation on Qualified Deals For salaried and hourly employees, requires job letter & pay stub with verbal confirmation from employers Sole proprietor fully income qualified based on 2 years of NOA / T1 generals, grossed up to a max. of 15% Incorporated / LTD company financials required along with 2 years of NOA / T1 generals. T4 income can be grossed up by 15% Maternity leave 100% of income can be used employment letter with return to work date within 12 months & verbal, must be with current employer for min 2yrs Basement suite income 50% added to income provided suite its legal & conforming Down Payment Confirmation Own resources supported by 90 days of bank statements, investment statements or RRSPs RRSP & investment must be cashed and deposited into account Gifted down payments are acceptable from immediate family members, supported by a gift letter We do not allow for out of country funds Heating Cost The greater of $100 / Month or $0.75 / sq. ft.

3 Liability Calculations Secured LOC based on BOC rate amortized over 25 years or contract, whichever is greater Unsecured LOC / SLOC & credit cards: 3% repayment Pure Retail Department store cards are 5% repayment What We Don t Do Commercial property / rental pools/ grow ops / rent to owns / bare land / holding companies / mobiles & modulars / manufactured homes / log homes Leased lands / co-ops / condo conversions / self managed condos / ALR Time shares, fractional interest or other undivided interests Pre-approvals; however, you can call me, or Underwriting for a verbal indication of interest & feasibility Payout Penalties 3% in first year repayment 2% in second year repayment 1% in third year repayment Payment Options Monthly Semi monthly Bi weekly Weekly Prepayment Options 20/20 Once on the anniversary date Min $500 Max 20% of original mortgage amount (not available on a 1yr term) Finder s Fees 50 / 50 Split

4 The following is a list of Aveo lending areas. BRITISH COLUMBIA British Columbia Abbotsford Aldergrove Burnaby Central Saanich Chilliwack Comox Coquitlam Courtenay Cumberland Delta Esquimalt Kamloops Kelowna Ladysmith Langley Maple Ridge Mission Nanaimo New Westminster North Cowichan North Vancouver Parksville Pitt Meadows Port Coquitlam Port Moody Prince George Qualicum Beach Richmond Surrey Vernon Victoria Vancouver West Vancouver White Rock ALBERTA Calgary Edmonton Alberta Airdrie Calgary Chestermere Cochrane Okotoks Beaumont Edmonton Fort Saskatchewan Leduc Morinville Spruce Grove St. Albert Brooks Canmore Grande Prairie Lethbridge Medicine Hat Red Deer Sylvan Lake Saskatchewan Regina Saskatoon Saskatchewan

5 Manitoba Headingley West St Paul Winnipeg Winnepeg Brandon Manitoba The following is a list of Aveo lending areas. ONTARIO Ontario Southern Ontario Acton Ajax Alliston Amherstburg Amherstview Ancaster Angus Aurora Aylmer Azilda Baden Barrie Batawa BelleRiver/Lakeshore Belleville Bolton Bowmanville Bradford Brantford Brampton Brechin Brights Grove Brooklin Burlington Caledonia Cambridge Carleton Place Chatham Coburg Coldstream Coldwater Collingwood Cornwall Courtice Dundas Elora Elmira Erin Essex Etobioke Fergus Flamborough Gananoque Garson Georgetown Gravenhurstt Greely Grimsby Guelph Haliburton Hamilton Hanmer Hanovert Ingersoll Innisfil Kanata Keswick King King City Kingston Kitchener Kleinburg Lincoln Lindsay London Manotick Maple Markham Midland Milton Mississauga Morriston Napanee Nepean Newmarket Niagara Falls Niagara On the Lake North Bay North York Oakville Orangeville Orillia Oshawa Ottawa Paris Parry Sound Peterborough Pickering Port Colbourne Port Hope Richmond Hill Sarnia Scarborough Shelburne St. Catherine St. Thomas Stratford Strathroy Stittsville Stoney Creek Stouffville Sudbury Sutton West Thornhill Thorold Toronto Trenton Uxbridge Vaughan Wasaga Beach Waterdown Waterloo Welland West Carleton Whitby Woodbridge Woodstock

6 Service Levels and Service Attitude Document review takes between 24 and 48hours. Please all documents to The subject line must include your deal number; for example: C Visit our website at for forms & documents We do our deals one at a time so that all deals and all agents are equally important to us My Customer Service Commitment I will respond to your s or telephone calls within 4 hours I will assist whenever possible in assembling deals When I am confident I have a viable solution, I will inform you immediately Should I require collaboration, I will seek the advice of my underwriting team and respond within 4 to 6 hours If we don t have an appropriate product for your client, we will inform you immediately I will keep you informed through CMLS information updates I will work with you and our underwriting team to help you with customer files, from deal submission to deal funding