F1RSTONTARIO C R E D I T U N I O N

688 Queensdale Ave. East, Hamilton, ON L8V 1M1 (p) 1.905.387.0774 (f) 905.538.6204

Mortgage Broker Services

Benefits of FirstOntario Broker Services FirstOntario Credit Union is a team of mortgage and credit specialists dedicated to serving your needs as a mortgage broker. We have compiled a knowledgeable team with “mortgage broker experience” who understand your challenges, your clients and your industry. Our role is to make all of your mortgage transactions as smooth as possible, helping you to provide excellent customer service to all of your clients. We combine competitive mortgage products and interest rates with a generous commission structure that will help you earn income and build your business for the long term.

Quick Turnaround Times-At FirstOntario, we are local. All of our key decision-makers are located in one central location in Hamilton. This allows quick turn around time on your mortgage applications. We commit to providing you with a response on your submitted application in a timely fashion, which in turn will allow you to service your clients. For general inquiries and questions regarding specific scenarios, we will provide you with an answer over the phone or via email. Dedicated Focus-Our mortgage broker department focuses on only one thing…mortgage broker business. We are committed to providing you with the highest level of consistent, timely service by focusing on your business only. Providing you with one direct point of contact will allow all of your transactions to be processed in a smooth, efficient manner. Flexibility-Our strongest attribute is our ability to adjust to the unique variables within each mortgage application. Placing all of our mortgage underwriters in a central location gives us the ability to escalate a more complex mortgage application appropriately while still allowing us to respond to you as quickly as possible, with the appropriate decision.

Standard Residential Mortgage Features The following information on our lending guidelines is designed to provide you with a basic understanding of our terms and conditions in order to assist you in the application process.

90 day rate guarantee on pre-approvals that will allow your clients to lock in their interest rate before they start looking for their home

up to 80% LTV uninsured up to 95% high ratio insured mortgages maximum 30 year amortization Flexible payment options including weekly, bi-weekly, monthly and an

accelerated payment option TDS 42% (and higher on an exception basis) Up to 20% prepayment per term year All mortgages are assumable and portable with approval Life, job loss, disability and critical illness insurance available

Other Mortgage Options FirstOntario Credit Union mortgage transactions include:

Purchase and refinance mortgages Non-traditional mortgages (including investment properties up to four

units) About FirstOntario Credit Union FirstOntario Broker Services forms part of FirstOntario Credit Union, a full service financial institution offering a wide range of banking, investment, loan and insurance solutions to all of its members. The FirstOntario community continues to grow and currently has over 86,000 members. We understand our members’ values, what is important to them, and the financial challenges they face. Our 23 branches range geographically from Oakville and Burlington to Hamilton and Stoney Creek, St. Catharines, Tillsonburg, Simcoe, Cayuga, Thorold, Welland and Niagara Falls. At all of our branches we strive to provide our members with a truly unique and pleasurable banking experience. Our goal is to make members feel like welcomed guests, each and every time they visit FirstOntario. “By putting YOU first, we will be the financial institution of choice in our communities.”

For more information, please contact:

Jody Eidt Manager, Broker Services

(905) 387-0774 x240 (office) (289) 237-9121 (cell) (905) 538-6204 (fax)

jody.eidt@firstontariocu.com

Flexible features, payment plans,and rates to fityour lifestyle.

Low Mortgage Rates And Great Service. Together At Last.At FirstOntario, getting a mortgage is easy. Our mortgage rates are among the lowest you’ll find and we will work with you to get the right mortgage for your circumstances. That means helping you get the home you really want.

With FirstOntario as your mortgage partner, you have:

Security• Your rate is locked in for a term from 6 months to 7 years if you choose a fixed term option

Flexible Payment Options• Pay off your mortgage quicker with your choice of monthly, bi-weekly, weekly or accelerated payments

• The option to “Skip A Payment”* once a year should unforeseen financial circumstances occur

Your choice to either:

• Increase your mortgage payment by up to 20% and save money on interest costs

or: • Pre-pay up to 20% of your original mortgage amount each year and shorten the mortgage term

*Conditions may apply

Choice• Take your attractive mortgage rate and conditions with you when purchasing another home

• Lock in an interest rate for a period of time or select a floating interest rate

Get The Home You WantFor most of us, buying a home is the biggest financial decision we’ll ever make. However, paying for your home doesn’t have to be difficult or complicated. FirstOntario Credit Union makes it easy. Get the home you want with knowledgeable FirstOntario staff guiding you through your options.

Whether you are buying your first home, transferring your mortgage from another company, renewing or refinancing your mortgage, you’ll be glad you chose FirstOntario.

This example assumes a constant interest rate throughout amortization period. Interest in this example is compounded semi-annually, not in advance. 1Over the life of the mortgage. 2Monthly payment divided by 2. 3Monthly payment divided by 4.

Buying Your First Home?A mortgage is one of the biggest expenses you will have in your life. And today with low interest rates and lots of mortgage options to choose from, it can be hard to sort through all the clutter. We make it easy. Here are a few things to keep in mind any time you’re buying a home.

Pre-Approval and a 90-DayRate GuaranteeShop for a home with complete confidence knowing that the rate we quote you is guaranteed for a full 90 days. If rates go up before the mortgage closing date, you are guaranteed the lower rate. If interest rates go down before the mortgage closing date, you will get the new, lower market rate. Knowing how much you can afford in monthly payments before you start looking will make the process that much easier. If you are building a new home, we’ll guarantee your rate for up to 120 days for your construction mortgage.

Make the “Right” Down PaymentThe more money you are able to contribute to your down payment, the lower your monthly payments will be. Sometimes however, it makes sense to put down less. A FirstOntario Member Consultant can help you select the right down payment for your situation.

Don’t Forget About Closing CostsTypically you should set aside 2.0% to 2.5% of the home purchase price to cover any expenses that the seller has already prepaid as well as some other incidentals such as hydro, municipal property and school taxes, interest adjustments or the Land Transfer Tax. And don’t forget the other expenses when you move into a new or resale home such as appliances, paint, and new furniture. By factoring in these additional expenses, you’ll be better able to budget just what you can do with your new place.

Renovating Or UpgradingYour Home?A MeritLine® Home Equity Line of Credit is a revolving line of credit secured by your residential mortgage. You can borrow up to 80% of the appraised value of your home and enjoy the flexibility to pay interest only each month or to pay as much or as little of the outstanding balance at any time. A MeritLine® might be the answer you’re looking for when planning home renovations or additions, purchasing a car, planning a wedding or your child’s education. MeritLine® provides you with the ultimate freedom to manage your finances your way.

Become Mortgage-Free FasterHow quickly you pay down your mortgage is entirely up to you. When you talk to a FirstOntario Member Consultant, they can walk you through your options and develop a mortgage plan that is best for you.

Consider making frequent mortgage payments. In the examples below, you pay your home off earlier AND you save interest costs:

Ask about our other flexible payment options to help you become mortgage-free faster.

No Renewal FeesYour loyalty to FirstOntario is valued. That’s why we save you money when it comes time to renew your mortgage by waiving the renewal fee. It’s our way of saying “thanks” for your continued patronage.

Visit a FirstOntario branch, call us at 1-800-616-8878 or go to www.FirstOntarioCU.com for more details.

Mortgage Amount: $100,000 Interest Rate: 5.80% Amortization: 25 years

Payment Frequency

Amount Amortization Total Interest Cost1

Total Interest You Save

Monthly $627.97 25 Years $88,389 $0

Bi-Weekly $289.83 24.8 years $87,076 $1,313

Weekly $144.92 24.8 years $86,843 $1546

Accelerated Bi-Weekly2

$313.99 21.1 Years $71,890 $16,499

Accelerated Weekly3

$156.99 21 Years $71,713 $16,676