Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

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Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

32Picture(s)

1,244Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$339999

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,244Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to 1256 Upper Clyde. This beautiful waterfront home is sure to impress those looking to wake up to a gorgeous view each morning. So many upgrades in 2023 and 2024 including new gutters, fresh paint, hot water tank and a heat pump in 2019 you can kick back relax and move on in. Don’t miss your chance on prime Nova Scotia living in this popular rural area.

C$339999

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$339999

Residential For Sale

4808-#332 Highway, East Lahave Ns B4v 0v7

More Details

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

50Picture(s)

3,318Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$1999000

Residential For Sale

4808-#332 Highway, East Lahave Ns B4v 0v7

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

3,318Sqft

Listing courtesy of Duckworth Real Estate(Chester)

Contemporary two-year-old home with every modern convenience and feature imaginable. An incredibly livable home. Situated on 32.5 acres with 121 feet of waterfront on the LaHave River. Four bedrooms, 3.5 bathrooms, a 50-foot indoor lane pool and an open concept kitchen dining/living room all add up to 3318 square feet of living space.

C$1999000

Residential For Sale

4808-#332 Highway, East Lahave Ns B4v 0v7

Listing courtesy of Duckworth Real Estate(Chester)

4Bedroom(s)

4Bathroom(s)

C$1999000

Residential For Sale

Bayview Drive Lot 7a, Hackett's Cove Ns B3z 3j9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

7Picture(s)

2,454Sqft

Listing courtesy of Engel & Volkers

C$665900

Residential For Sale

Bayview Drive Lot 7a, Hackett's Cove Ns B3z 3j9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,454Sqft

Listing courtesy of Engel & Volkers

Welcome to Bayview Dr, Hacketts Cove in a scenic coastal community on the scenic Lighthouse Route. Only 40 minutes from Halifax with all the amenities you need only 15 minutes away! This contemporary two storey offers over 2,400 square feet of living space across 3 finished levels, 4 bedrooms and 3.5 bathrooms.

C$665900

Residential For Sale

Bayview Drive Lot 7a, Hackett's Cove Ns B3z 3j9

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$665900

Residential For Sale

Bayview Drive Lot 7b, Glen Margaret Ns B3z 3j9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

6Picture(s)

2,275Sqft

Listing courtesy of Engel & Volkers

C$649900

Residential For Sale

Bayview Drive Lot 7b, Glen Margaret Ns B3z 3j9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,275Sqft

Listing courtesy of Engel & Volkers

Welcome to Bayview Dr, Hacketts Cove in a scenic coastal community on the scenic Lighthouse Route. Only 40 minutes from Halifax with all the amenities you need only 15 minutes away!Indulge in this exceptionally versatile split entry home, The Lilac, that is sure to leave a lasting impression! Enjoy quality finishes designed to offer a seamless open-concept floor plan.

C$649900

Residential For Sale

Bayview Drive Lot 7b, Glen Margaret Ns B3z 3j9

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$649900

Residential For Sale

172 Darner Drive, Beaver Bank Ns B4g 1c1

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

9Picture(s)

2,600Sqft

Listing courtesy of RE/MAX Nova

C$669900

Residential For Sale

172 Darner Drive, Beaver Bank Ns B4g 1c1

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,600Sqft

Listing courtesy of RE/MAX Nova

Modern Living on Darner Drive – Built by Orkid Homes Discover your dream home in the sought after Carriagewood subdivision of Beaver bank with these stunning new builds by Orkid Homes. Each home features 4 bedrooms, 3.

C$669900

Residential For Sale

172 Darner Drive, Beaver Bank Ns B4g 1c1

Listing courtesy of RE/MAX Nova

4Bedroom(s)

4Bathroom(s)

C$669900

Residential For Sale

125 Indian Path, Indian Path Ns B0j 2c0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

50Picture(s)

1,993Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$1495000

Residential For Sale

125 Indian Path, Indian Path Ns B0j 2c0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,993Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Experience coastal luxury in this brand-new, ICF-constructed oceanfront home, perfectly positioned on 1.34 private, southeast-facing acres. Thoughtfully designed for comfort, efficiency, and breathtaking views, this 2,067 sq. ft. contemporary masterpiece is the ultimate seaside sanctuary.

C$1495000

Residential For Sale

125 Indian Path, Indian Path Ns B0j 2c0

Listing courtesy of Engel & Volkers (Lunenburg)

3Bedroom(s)

2Bathroom(s)

C$1495000

Residential For Sale

52 Gaudet Road, St. Bernard Ns B0w 3t0

More Details

5Bedroom(s)

2Bathroom(s)

OtherParking(s)

30Picture(s)

2,215Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$240000

Residential For Sale

52 Gaudet Road, St. Bernard Ns B0w 3t0

5Bedroom(s)

2Bathroom(s)

OtherParking(s)

2,215Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 52 Gaudet Road, St. Bernard NS. This beautifully maintained, 5 bedroom home sits on just over 3 acres, only minutes away from the town of Weymouth and its amenities (school, groceries, pharmacy, gas station etc) - as well as a short walk to the beach! Currently used as a summer property: this home awaits its new owners to bring it to its full potential. Make this stunning view of St.

C$240000

Residential For Sale

52 Gaudet Road, St. Bernard Ns B0w 3t0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

2Bathroom(s)

C$240000

Residential For Sale

Old Renfrew Road Lot 15, Upper Rawdon Ns B0n 2n0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

5Picture(s)

1,504Sqft

Listing courtesy of Exit Real Estate Professionals

C$641245

Residential For Sale

Old Renfrew Road Lot 15, Upper Rawdon Ns B0n 2n0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,504Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to The Aurora, a beautifully designed 1,504 sq. ft. modular home that blends modern style with functional living. Set on a sprawling 4.54-acre lot—the largest currently available in The Lots at Renfrew—this home offers privacy, space, and contemporary comfort.

C$641245

Residential For Sale

Old Renfrew Road Lot 15, Upper Rawdon Ns B0n 2n0

Listing courtesy of Exit Real Estate Professionals

3Bedroom(s)

2Bathroom(s)

C$641245

Residential For Sale

1269 Hampton Mountain Road, Hampton Ns B0s 1l0

More Details

1Bedroom(s)

GravelParking(s)

21Picture(s)

312Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$249000

Residential For Sale

1269 Hampton Mountain Road, Hampton Ns B0s 1l0

1Bedroom(s)

GravelParking(s)

312Sqft

Listing courtesy of RE/MAX Banner Real Estate

A rare and expansive 76-acre property on North Mountain, historically known as Stone Hill, offering direct access, essential infrastructure, and exceptional potential. A newly constructed 400-metre private driveway leads from paved and serviced Hampton Mountain Road to a professionally crafted timber frame cabin.

C$249000

Residential For Sale

1269 Hampton Mountain Road, Hampton Ns B0s 1l0

Listing courtesy of RE/MAX Banner Real Estate

1Bedroom(s)

C$249000

Residential For Sale

261 Main Street, Berwick Ns B0p 1e0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,157Sqft

Listing courtesy of Exit Realty Town & Country

C$469900

Residential For Sale

261 Main Street, Berwick Ns B0p 1e0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,157Sqft

Listing courtesy of Exit Realty Town & Country

Eco-friendly, well-kept, and thoughtfully designed 1.5-storey home in the heart of Berwick. This beautiful home was taken down to the studs in 2018 and offers a ton of practical features. Situated on a lovely landscaped lot, perfect for low-maintenance gardening. It offers a variety of nut and fruit trees, a 10x20 greenhouse for year-round vegetables, and outdoor raised garden beds for the summer.

C$469900

Residential For Sale

261 Main Street, Berwick Ns B0p 1e0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

2Bathroom(s)

C$469900

Residential For Sale

135 Zaffre Drive, Middle Sackville Ns B4e 0x4

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

11Picture(s)

2,321Sqft

Listing courtesy of Royal LePage Atlantic

C$899900

Residential For Sale

135 Zaffre Drive, Middle Sackville Ns B4e 0x4

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,321Sqft

Listing courtesy of Royal LePage Atlantic

Welcome home to 135 Zaffre Drive! STILL TIME TO PICK FLOORING, COUNTERTOPS AND INTERIOR PAINT COLOURS! This absolutely stunning new home construction single level living build by Kahill Custom Homes comes LOADED with upgrades and extras. Enjoy comfort and convenience of having zero stairs to worry about, all on your very own large country lot, in the highly-desired community of Indigo Shores.

C$899900

Residential For Sale

135 Zaffre Drive, Middle Sackville Ns B4e 0x4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$899900

Residential For Sale

51 Fox Street, Lunenburg Ns B0j 2c0

More Details

3Bedroom(s)

3Bathroom(s)

No GarageParking(s)

41Picture(s)

1,850Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$723000

Residential For Sale

51 Fox Street, Lunenburg Ns B0j 2c0

3Bedroom(s)

3Bathroom(s)

No GarageParking(s)

1,850Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Nestled in the heart of UNESCO World Heritage site Lunenburg, 51 Fox Street presents a rare opportunity to own a piece of Nova Scotia's paradise. This exceptional three-bedroom home perfectly balances historic character and contemporary comfort. This property offers versatile living arrangements ideal for various lifestyles, featuring two full bathrooms plus a convenient half bath.

C$723000

Residential For Sale

51 Fox Street, Lunenburg Ns B0j 2c0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

3Bathroom(s)

C$723000

4735 Results returned.Per Page

Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or * losing their dream home to another buyer or, * (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

Buying the Wrong Home.

Unclear Title.

Inaccurate Survey.

Undisclosed Fix-ups.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

Hidden Costs.

Rushing the Closing.

One More Tip…

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

Residential For Sale

Residential For Sale

Residential For Sale

4808-#332 Highway, East Lahave Ns B4v 0v7

Residential For Sale

Residential For Sale

Residential For Sale

Bayview Drive Lot 7a, Hackett's Cove Ns B3z 3j9

Residential For Sale

Residential For Sale

Residential For Sale

Bayview Drive Lot 7b, Glen Margaret Ns B3z 3j9

Residential For Sale

Residential For Sale

Residential For Sale

172 Darner Drive, Beaver Bank Ns B4g 1c1

Residential For Sale

Residential For Sale

Residential For Sale

125 Indian Path, Indian Path Ns B0j 2c0

Residential For Sale

Residential For Sale

Residential For Sale

52 Gaudet Road, St. Bernard Ns B0w 3t0

Residential For Sale

Residential For Sale

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.