How to Qualify for Your First Mortgage

Buying your first home can be confusing. When we talk about qualifying for your mortgage, we mean looking at the ratio of your debt vs. your income and seeing whether you will realistically be able to make mortgage payments.

Your Unconditional Purchase Offer Might Get You More Than You Bargained For

When the real estate market is hot, there is a lot of pressure to make quick decisions. If you're worried about missing out in a bidding war or are motivated to move, it can be tempting to go in subject-free so that your offer stands out. But what if your dream home turns out to be a nightmare? Without conditions, you might be stuck with very few options to end the contract.

What Landlords in BC Need to Know During the COVID-19 Emergency - UPDATED

As part of the State of Emergency in BC declared as a result of the COVID-19 pandemic the provincial government brought into effect a Residential Tenancy Order on March 30, 2020. This order details changes that apply to landlords and tenants with respect to rent, evictions, and access to the rental property. We've compiled what you need to know as a landlord about these changes.

Get Money Back On Your Property Tax in BC

A friendly reminder from your Auxilium Mortgage Team as property tax time approaches!

Insured & Insurable Mortgage Qualifying Changes Coming July 1, 2020

The Canadian Mortgage and Housing Corporation (CMHC) has announced 3 major changes to the way that mortgage applications for insured & insurable files will be assessed. If you are planning to buy a home with less than 20% of the purchase price as a down payment, these qualifying rules will affect you.

Mortgage Solutions for your Covid-19 Cash Crunch

As BC moves into Phase 2 of the province's COVID-19 restart plan, the Auxilium Team is here to assist with solutions that work during these difficult times. The reality is that borrowing funds through your mortgage remains one of the lowest-cost options available to homeowners.

Should I Defer My Mortgage Payments?

Difficulties in making mortgage payments can come up at any time as a result of a family income reduction, unexpected expense, or job loss. Mortgage deferrals have been launched into the spotlight as a result of the COVID-19 pandemic, but unfortunately there's no single answer or solution for everyone. It's important to understand whether deferring your mortgage payments is the right option for you – and what the consequences may be.