1. MHABC Conference Client Financing Options

3. Agenda…....  Preferred Builder Program  Terminology 101  Chattel Loan Insurance Program (CLIP)  Construction Mortgages

4. Preferred Builder Program  Fast, FIRM Approvals held until your client’s possession date  Competitive Long Closing Interest Rate Guarantees for fixed and variable mortgages  Mortgage financing for upgrades  HomeProtector life and disability insurance coverage for clients during the construction phase of their home  Specialized options for FTHB, investors, self-employed and non-resident and new immigrants  Flexible product offerings, such as RBC Homeline Plan

5. Preferred Builder Program…  Dedicated Mobile Mortgage Specialist on site  Co-branded marketing materials with your logo and sales representative information  Designated Preferred Appraisers  Builder Rewards

6. Terminology 101 Modular Home A modular home is a type of construction which is built in a factory as a three-dimensional module that is combined on-site to make a 1, 2, or 3 storey home. Manufactured Home Virtually complete when it leaves the factory Mobile Home A single-family dwelling made up or 1 or more re-locatable sections

7. Chattel Loan Insurance Program (Clip)  When the home is not affixed to land  CMHC Insured  Typically Mobile Homes  Landlord Consent Agreements

8. Construction Mortgages  Up to 5 draws and options for land financing  Full Appraisal Report  Homes must be permanently affixed to land  First advance to occur when appraiser inspects to see home is attached to foundation  Advances are based on estimated cost to complete

9. Construction Mortgages…  Interest-only payments during construction phase  Builder must be registered under New Home Warranty  Provincial Lien Holdback  Default Insured Eligible  RBC Homeline Plan Eligible

10. Questions?

11. Thank you Helping builders sell their homes faster & easier!