Real Deal | Alternative refi with boarder income in Vancouver

Alternative refi with boarder income
Vancouver, BC | 35-year amortization

This week’s deal was approved as part of our Kinetic program designed for Canadians who hold full-time employment with fully verifiable income, carrying higher debts.

These clients took out a second mortgage on their property to help their families overseas, forcing them to assume extensive financial obligations. By refinancing their owner-occupied rental property, they will be able to consolidate their first and second mortgages, and also clear all outstanding debt.

We used Boarder income from two non-family members amounting to $1,000 per month to help qualify.

Refinancing will save them over $2,000 per month – improving financial stability and helping them move forward with confidence!

Deal Highlights

  • 35-year amortization
  • Boarder income used to qualify
  • Elevated ratios
  • Deal approved at 70% LTV
  • 1-year closed
  • 3.09%


  • GDS/TDS: 52.56%/ 54.89%

Beacon scores

  • 776/822


  • Type: Permanent full-time; Labourers
  • Tenure: 10 years


  • Occupancy: Owner-Occupied
  • Location: Vancouver, BC