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HELPING CANADIANS MAKE IT HOME XCEED Mortgage Corporation AAA INSURED Product and Policy Overview.

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Presentation on theme: "HELPING CANADIANS MAKE IT HOME XCEED Mortgage Corporation AAA INSURED Product and Policy Overview."— Presentation transcript:

1 HELPING CANADIANS MAKE IT HOME XCEED Mortgage Corporation AAA INSURED Product and Policy Overview

2 MCAN Mortgage Corporation Founded in 1991 and headquartered in Toronto Listed on the TSX (symbol: MKP) Is a reporting issuer in all provinces and territories in Canada Is a Loan Company under the Trust and Loan Companies Act, and is therefore an OSFI-regulated financial institution Qualifies as a mortgage investment corporation (“MIC”) under the Income Tax Act (Canada) Issues term deposits that are eligible for CDIC insurance Recently added origination capabilities via its wholly-owned subsidiary, XCEED Mortgage Corporation (“XCEED”) [1] For further details, refer to MCAN’s Description of Business in 2013 Annual Report [2] Definitions used above: TSX = Toronto Stock Exchange; OSFI = Office of the Superintendent of Financial Institutions: MIC = mortgage investment corporation; CDIC = Canada Deposit Insurance Corporation

3 Core Operations Insured single family Uninsured single family Construction Commercial Corporate Mortgages | Four Main Asset Classes Greater Toronto Area Greater Vancouver Area Greater Calgary Area Greater Edmonton Area Core Markets for Commercial & Construction Markets for Single Family Across Canada, major and medium centres

4 Mortgage Portfolio (As at December 31, 2013) Corporate Mortgages by Type Total Corporate Mortgages: $861.6 million (up 16.5% from $739.8 million at Dec-2012)

5 Mortgage Portfolio by Province (As at December 31, 2013) Total Single Family Mortgages: $401.2 million Construction and Commercial Mortgages: $460.4 million

6 XCEED Insured HIGHLIGHTS XCEED is insured by CMHC and Genworth Canada. Minimum Beacon: 600 No minimum square footage requirement. FREE Home System Warranty Insurance for first year of term. Minimum Loan Amount: $50,000 Maximum Loan Amount (owner-occupied and second homes): Up to $1,000,000 in select areas; other areas $500,000. Contact BDM for details. Minimum Amortization: 20 years 120-day rate hold Fully-featured mortgage solutions XCEED will accept private sales. XCEED will allow second mortgages up to a maximum combined LTV of 90%. XCEED Insured Highlights XCEED Mortgage Corporation 2014

7 XCEED’s standard terms mortgage offering combination of competitive interest rates, best-in-class compensation and donation to Evergreen Canada on closing. 3- and 5-year fixed terms Up to 95% LTV purchase; 80% LTV refinance Minimum Beacon score of 600 120-day rate hold 20/20 prepayment privileges No minimum square footage requirements Industry-leading compensation Unlimited rate buy-down. Best in industry! Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED AAA XTRAGREEN TM XCEED Mortgage Corporation 2014

8 Fully-featured, aggressively priced mortgage solution for customers with exemplary credit history. Lower interest rates 3- and 5-year fixed terms Up to 90% LTV purchase; 80% LTV refinance Minimum 10% down payment from own funds Minimum Beacon Score of 700 (primary applicant/main income earner) and 600 (all other applicants) 120-day rate hold 20/20 prepayment privileges The only XCEED available for high-rise apartment condominium properties. Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED Super PRIME XCEED Mortgage Corporation 2014

9 XCEED Simplicity XCEED’s mortgage solution for customers seeking long-term interest rate stability with fewer bells and whistles. Lower interest rates 5-year fixed term Up to 95% LTV purchase; 80% LTV refinance Minimum Beacon score of 600 120 day rate hold 10/10 prepayment privileges Can be discharged on sale with XCEED penalty of the greater of three months’ interest or IRD Mortgage is portable Can be refinanced with XCEED prior to maturity Insurer premium charged regardless of LTV (including LTVs of 80% or less) XCEED Simplicity XCEED Mortgage Corporation 2014

10 XCEED PRIME Conventional XCEED PRIME Conventional offers competitive rates on refinances and purchases at loan-to values of 75% or lower with no CMHC premium. Only XCEED product with no insurer premium on commitment 3- and 5-year fixed terms Up to 75% LTV purchase and refinance 120-day rate hold Available on owner-occupied properties only Generous compensation XCEED PRIME Conventional XCEED Mortgage Corporation 2014

11 Contact XCEED Sales Melanie Lapointe BDM, Western Ontario (west of Hwy 427), Alberta, BC mlapointe@xceedmortgage.com mlapointe@xceedmortgage.com Toll free: (888) 811- 6660 ext. 3487 Mobile: (416) 648-2854 Fax: (866) 426- 2985 Tommy Vrazalis BDM, Prairies, Eastern Ontario (east of Hwy 427) and Atlantic tvrazalis@xceedmortgage.com tvrazalis@xceedmortgage.com Toll free: (888) 811- 6660 ext. 3268 Mobile: (416) 716-9432 Fax: (866) 275-8394 Gleb Ioussoufovitch Director, Sales and Marketing gioussoufovitch@xceedmortgage.com Toll free: (888) 811-6660 ext. 3243 Underwriting Anne Regan Credit Manager aregan@xceedmortgage.com aregan@xceedmortgage.com Toll free: (888) 811-6660 ext. 3428 Fax: (866) 745-6693 Dianne Vieira Senior Underwriter dvieira@xceedmortgage.com dvieira@xceedmortgage.com Toll free: (888) 811-6660 ext. 3252 Fax: (866) 549-8905 Nasrin Dossa-Lall Senior Underwriter ndossa-lall@xceedmortgage.com Toll free: (888) 811-6660 ext. 3245 Fax: (866) 274-1834 David Marcotte AVP, Mortgage Operations dmarcotte@xceedmortgage.com Toll free: (888) 811-6660 ext. 3240 Contact XCEED XCEED Mortgage Corporation 2014


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