Homeowner's Kit

The Homeowner's Kit is a smart and flexible financing solution for all your clients' borrowing needs, through all their life stages. The Homeowner's Kit brings together two credit products — a mortgage and a re-advanceable Home Equity Line of Credit (HELOC) — into one, easy-to-use lending solution.1


Eligible properties

  • 1 - 4 units
  • New construction or existing properties
  • Owner-occupied (primary residence)

Payment Frequencies

  • Mortgage: Monthly, weekly, bi-weekly, accelerated weekly, accelerated bi-weekly
  • HELOC: Monthly, interest only

Pre-payment privileges

Mortgage portion only

  • Increase payments by up to 15% once per calendar year2
  • Pre-pay up to 15% of original principal once per calendar year

Maximum amortization

  • Mortgage: Up to 30 years
  • HELOC: Revolving credit line

Lending areas and loan amounts

complementary solutions



Vacation/Secondary Home
Purchase Plus Improvements

credit guidelines

Max. LTV: 80%4 (maximum 65% for HELOC portion)

  •   >660 GDS/TDS: 35% / 42%
      >680 GDS/TDS: 39% / 44%
  • HELOC: Borrower must qualify using greater of mortgage line of credit reference rate + 2% OR prescribed applicable rate for mortgage qualification, payment calculated using a 25 year amortization

value-added features,
options and Alternatives

Can be registered for the full appraised value of the home, not just the credit limit originally issued
Up to three different mortgage terms
Up to three different lines of credit
No fee re-advancement

1Registered as a single collateral charge.

2This pre-payment privilege is non-cumulative and is available after the first anniversary of the mortgage.

3The GDS/TDS ratios are calculated assuming 100% utilization of the requested credit limit for the revolving portion in addition to the total fixed mortgage portion. The payment equivalent utilized for qualifying purposes is based on the applicable 5-year Qualifying rate at the time of application based on a 25-year amortization. This product cannot be used in lieu of construction or bridge financing. All mortgages are funded by, registered in the name of, administered and serviced by B2B Bank. B2B BANK and BANKING THAT WORKS FOR BROKERS are registered trademarks of B2B Bank. HOMEOWNER'S KIT is a registered trademark of Laurentian Bank of Canada.

4As of October 31, 2023, new Canadian guidelines will limit the amount clients can use and reuse to a maximum of 65% of their property value without credit approval.