Down Payments 101: Buying A Home In Canada

How much money do I need to buy a home? Where can the funds for my down payment come from?

Your down payment is one of the three main pillars that supports your mortgage application. It represents the equity you will put into the property you're buying and determines how much money you will need to borrow from a mortgage lender.

Top 20 Factors That May Affect Your Mortgage Approval

If there's one thing our team of mortgage planners has learned from their years of experience, it's that no two 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.

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.

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: