What you need to know about Mortgages with local expert Steve Dainard

If you are purchasing a home in 2017, it's important to be prepared. Expert Steve Dainard walks us through some of the changes real estate is facing in 2017 and upcoming years.

Steve Dainard of Mortgage Intelligence recently sat down with us to discuss emerging trends in the mortgage industry and what we should watch out for this year.

Dainard comments on First Time Home Buyers and the reality that with housing prices on the rise it has become more challenging for millennials to purchase a home. It's becoming more and more common that first-time homebuyers are accepting 'gifted' payments from “the bank of mom and dad” to make their first housing purchase. He states that those with RRSPs can take advantage of utilizing up to $25,000 to finance a down payment, closing costs, and other expenses. If you are thinking of purchasing a home in the next five years now is the time to start planning.

Dainard say's, 'coming up with a savings plan is more important than ever and he is happy to sit down with first-time homebuyers and help them plan for this.'

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