Is a reverse mortgage right for you?

Reverse Mortgage Decision

Mary, an 85-year-old widow, had fully paid for her townhouse but only received a limited monthly income unless she took in students each year. She wanted to travel and quit renting her property, so she came to see us. Auxilium secured a reverse mortgage for Mary. She now has $250,000 in cash that supplements her retirement income and gives her the freedom to travel.

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.

Vancouver Mayor pushes for overhaul of BC Rental Legislation

Gregor Robertson, the mayor of Vancouver, has called on provincial lawmakers to take action in tackling issues of housing affordability, low vacancy rates and renovictions.

Seeking an overhaul of BC rental legislation, Robertson says that over half of the city’s households are renters and low vacancy rates are making rents unaffordable.

Home Insurance vs Strata Condo Insurance

Home insurance policy provides coverage for five main areas:

  • The primary dwelling/building
  • Other Structures such as storage sheds and detached garage
  • Personal property
  • Loss of use (if the dwelling is uninhabitable due to damage)
  • Personal Liability (if your negligence caused injury to a person or his property)

The home policy is generally an “all perils” type of coverage that includes damage due to fire, theft, wind, hail, hurricanes, water and sewer backup. Earthquake is available for extra premium.

The policy provides replacement cost for both building and contents.

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