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.

How to Save for a Down Payment

A common problem many soon-to-be home buyers have is that they have the will to buy, but not the means. If you’re looking to buy but don’t have enough saved up for a down payment, try these tips that are sure to help grow your bank account.

An Unexpected Journey to Home Ownership

Sometimes the journey to your perfect home takes more twists and turns than you expected. This was the case for Sharon and Susanne, who worked with the Auxilium Team for over two years to purchase the property they now call home.

Top 20 Factors That May Affect Your Mortgage

If there's one thing our team of mortgage planners has learned from their years of experience, it's that no 2 mortgages are the same. Even if, on the surface, you think that your situation matches your neighbor, friend, co-worker or parent, it doesn't take much digging to start finding differences. Since you're not "just like Dave" why would your financing be the same? We believe that your mortgage solution should be as unique as you.

BC HOME Partnership Loan: Are you ready?

Applications for the B.C. government's Home Owner Mortgage and Equity Partnership program open today, January 16, 2017. If you're an eligible first-time home buyer, do you have your documents in order?

BC HOME Partnership Loan: What will I pay?

The B.C. government's Home Owner Mortgage and Equity Partnership program, launching January 16, 2017, might seem almost too good to be true. The provincial government will match the down payment for eligible first-time home buyers to a maximum of 5% of the purchase price, up to a $750,000 property. This loan will be interest- and payment-free for the first five years.

BC HOME Partnership Loan: Am I eligible?

The B.C. government's Home Owner Mortgage and Equity Partnership program, launching January 16, 2017, is meant to assist first-time home buyers cover part of the cost of a mortgage down payment. There some nuances to the eligibility criteria that you will want to keep in mind: