It’s time for many Canadians to abandon the 20% down-payment rule

This one’s for the housing true believers out there. You’re the buyers who keep pushing house prices higher in cities such as Vancouver, Toronto and Hamilton. Incomes are edging higher in these cities, prices are surging. If you’re primed to buy anyway, then listen up. Stop trying to save a 20-per-cent down payment and get […]

Canada housing starts cool in August, seen slowing further

TORONTO — Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close. A report from the Canada Mortgage and Housing Corp showed the […]

Welcome to Adil Virani Mortgages

Home Purchases

The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date. Now, more than ever, financial institutions are regularly launching new products and […]

About Refinancing

Learn About Refinancing Canadians today face many reasons to refinance their mortgage. For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate. Refinancing is […]

Mortgage Options for Self Employed

For self-employed borrowers, the general criteria that must be satisfied include: 2-years self-employed tenure is recommended, however some lenders will consider borrowers with less. Proof of self-employment tenure must be on file. For example, business license, T1 General etc. The “stated” income should be reasonable based on the type and size of the business. Strong […]

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