Auxilium Mortgage is Victoria’s Most Trusted Mortgage Broker
We believe that your home is more than just a roof over your head. It’s where friends gather, families are raised, and memories are made. Our goal is to help you find the perfect mortgage solution for your unique situation and fits your needs. From first-time home buyers and new Canadians to HELOCs and Refinances, there’s a mortgage out there for everyone.
Our Mortgage Solutions
Mortgages for First-Time Home Buyers in BC
Buying your first home can be a stressful experience! Auxilium specializes in educating and guiding first-time homebuyers through the mortgage application and selection process to ensure they’re approved for mortgages they’ll be comfortable maintaining. Let’s work together to help you get the home of your dreams!
Bad Credit Mortgages for Victoria Residents
For those with bruised credit scores or no credit history, getting approved for a mortgage may feel out of reach. While it’s true that each slip to your credit can have lasting effects on securing a mortgage and other loans, it’s not impossible to move forward with your dream of owning a home! The team at Auxilium Mortgage specializes in non-conventional mortgages for those who may have a hard time securing funding on their own, such as those in credit counselling, those with a previous bankruptcy, new Canadian residents, self-employed individuals who can’t verify their income by traditional means, and more. Contact our team today and let us take over the stress of finding a mortgage!
Inter Alia Mortgages
Also called a “blanket mortgage”, an inter alia mortgage is secured by more than one property. This is common in cases like when building a real estate portfolio, purchasing a home before your current property has sold, or to strengthen your file with a private lender. If you’re considering an inter alia mortgage for your property, the expert team at Auxilium Mortgage is here to help you weigh the pros and cons, finding the best solution for your unique situation.
Reverse Mortgages for BC Retirees
Headed into retirement with a little less in savings than you expected? A reverse mortgage might be the solution. It allows you to borrow funds from your home equity without selling your home. Auxilium Mortgage is known across Victoria for their expert advice on finding the right mortgage solution for your current financial situation, including determining if and when a reverse mortgage could work for your retirement plan. Contact our team today to get your questions about reverse mortgages answered and for a no-obligations assessment.
Renewals, Refinances, and HELOCs for Victoria Residents
Your financial needs change as you age, and your current mortgage might not be the best option for you come renewal time. Let the team at Auxilium Mortgage assess your current financial situation and mortgage and find a new mortgage that suits your lifestyle and situation. Auxilium Mortgage is also well-versed in mortgage refinances and HELOCs, helping Victoria residents access home equity to make meaningful changes in their lives, like financing renovations and restructuring debt. No matter your reason for refinancing, Auxilium Mortgage is here to provide expert advice and tailored mortgage solutions.
More Mortgage Solutions Victoria
BC Rental Property Mortgages
Many homeowners dream of also being landlords. Some might have an existing suite in their home, but want to branch out into owning a second property, or even multiple properties. There are lots of reasons why homeowners desire to become landlords, but the primary one is to build additional assets while creating a positive cash flow.
At Auxilium, we understand that with ever-tightening mortgage rules, turning the dream of owning a real estate portfolio into reality is not as easy as it once was, and that’s why we work with you every step of the way. From our initial consultation to help you evaluate if being a landlord is right for you, to securing the rental property mortgage financing, we are here to support your dream of financial freedom.
We know where you’re coming from, as some of our team are landlords themselves and have experienced firsthand the joys and tribulations of being landlords. We are more than willing to impart our experience and wisdom to you. So if you’ve always imagined owning a second, third, or maybe even a fourth property, contact our team today and let’s see if we can turn that dream into a reality!
Mortgages for Self-Employed Borrowers in Victoria
If you’re self-employed, getting a mortgage is becoming more and more challenging all the time. No two lenders look at self-employment the same way. They have differing criteria on everything from credit scores, to down payment requirements, to income verification, and everything in between. That’s why we have a host of lenders to choose from, enabling us to pair your specific mortgage needs with a lender who can fulfill them. Let us help you make your entrepreneurial spirit an asset in the mortgage approval process!
Purchase Plus Improvements Mortgages BC
Find the perfect home, only it’s a bit of a fixer-upper? The Purchase Plus Improvements program (also called an improvement or renovation mortgage) allows you to obtain financing for both the purchase price of the home and the renovations you plan to do with as little as a 5% down payment! Fix that cracked tile, outdated kitchen, and past-their-prime windows right away instead of saving for them in the future. Here’s how a Purchase Plus Improvements approval works:
- Make the purchase offer conditional on getting approved for the Purchase Plus Improvements program
- Get quotes from a contractor to determine the cost of the renovations. The Canadian Mortgage and Housing Corporation (CMHC) will approve a loan of up to 95 per cent of the ‘as improved’ value of the home, provided the money you’re putting into the home does improve the value. These renovations cannot be strictly cosmetic, but must be part of a broader project like changing a bathroom, kitchen or flooring.
Once you’ve moved in and the work is done, the lender will send an inspector to confirm that, based on the list of requested improvements, they’ve been done sufficiently. The inspector will then send the report to the lender indicating that everything’s complete and they’ll release the improvement funds to you. In many cases, this program can offer more benefits than a traditional line of credit.
Mortgages for Canadian Military Families
As valued members of our Canadian Forces, you face different mortgage challenges than the average Canadian. Our team has worked with military families for many years, whether they are coming to Victoria on a new posting or moving to another city, and we aim to make the mortgage process as smooth as possible for you.
We know that you have unique needs, and so we’re familiar with which mortgage products can offer:
- Open pay out at any time subject to conditions of relocation, with only a 3 month interest penalty – NO Interest Rate Differential
- Flexible prepayment privileges
- Interest-only payment options
- Fixed rate terms of 1-10 years
- Cash Back at closing to pay off debts
- Plus much more
Our goal is to work in tandem with the men and women of our armed forces, giving them the tools and knowledge to help them understand the mortgage process and helping them achieve financial success.
Mortgages for New Canadian Residents
If you have recently immigrated to Canada and have dreams of home ownership, our team is experienced in working with the lenders and programs that will let you reach your goal! We work with new Canadians who require insured mortgage financing through CMHC, as well as those who have substantial down payments to make their purchase. We understand that if you are here as a student, a skilled worker, or through a provincial business grant, you may have unique requirements and we’ll work with you to explain the mortgage process and make it as smooth as possible. The Auxilium Team would be delighted to assist you with the purchase of your first home in Canada. We would consider it a privilege, and we look forward to meeting you.
Get Started Today
"*" indicates required fields
Get Help from Local Victoria Mortgage Experts
Whether you’re looking for your first mortgage, to build equity in real estate, or just need a solution that works better than your current mortgage, the Auxilium Team would be honoured to work with you. Fill out our application today to start the conversation.
"*" indicates required fields