The document provides information about various home financing programs available through Dominion Lending Centres, including programs that offer financing with less than 20% down. It outlines programs that allow for 5% down, 0% down, and financing for self-employed individuals. It also discusses factors that affect credit scores and additional costs involved in home purchases beyond the down payment.

1. Your Name Mortgage Professional Tel: 905-667-4443 Fax: 905-667-4443 Email: cgreen@dominionlending.ca Website: www.carolingreen.com Homebuyer Guide Dominion Lending Centres <<ENTER YOUR FRANCHISE NAME HERE>> <<ENTER YOUR FRANCHISE ADDRESS HERE>>

2. Get a Pre-Approval A pre-approved mortgage puts your financing in place before you make an offer on a home. With a pre-approved mortgage you'll be able to make a firm offer for the home of your choice. A pre-approval can hold your rate for up to 120 days on fixed terms – guaranteeing you the best rate possible!

7. How Much Can You Borrow? Know Your Buying Power! Wouldn’t it be nice to make an offer on a home with the negotiating power and confidence of knowing that financing is in place? A Dominion Lending Centres mortgage professional can calculate how much you can borrow and get you pre-approved over the phone. That pre-approval is good for up to 120 days, giving you the flexibility to search for a home and make a bona-fide offer!

8. Additional costs involved when financing the purchase of a home, over and above the minimum down payment, include: Survey, Tax Adjustment, Interest Adjustment , & Property Transfer Tax fees may also be applicable. Closing Costs DESCRIPTION AMOUNT Appraisal $250 Home Inspection (approximate) $300 Legal Fees (approximate) $900 TOTAL: $1450

9. A credit score is a rating used by a lender to help determine whether you qualify for a particular credit card, loan, or service. Based on information in your credit file, the credit reporting company analyzes your information using a complex mathematical model to yield your credit score. Most credit scores estimate the risk a company incurs by lending you money or providing you with a service - specifically, the likelihood that you'll fail to make payments in the next two to three years. The higher the score, the less risk you represent. Your score is calculated by a mathematical equation that evaluates many types of information found in the credit file. What is a Credit Score?

10. Factors That Affect a Credit Score What is a Credit Score? PAST PAYMENT PERFORMANCE – 35% The fewer late payments, judgments, liens or collections the better. The more recent late payments worsen your credit score. CREDIT UTILIZATION – 30% Low balances on several cards is worse than high balances on a few cards. Balance should be at or below 30% of your available credit. CREDIT HISTORY – 15% The longer that accounts have been open and in good standing, the better. Avoid ‘credit surfing.’ Opening new accounts and closing others will negatively impact a score. TYPES OF CREDIT IN USE – 10% Finance company accounts score lower than traditional banking or retail accounts. Deferred payment options funded by finance companies impact the score accordingly. INQUIRIES – 10% Looking for new credit over a short period of time can be indicative of higher risk. Promotional or administrative inquiries (i.e. credit grantor updates) will show on the report but do not affect the credit score.