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.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

399 Main Street, Kingston Ns B0p 1r0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

17Picture(s)

1,100Sqft

Listing courtesy of Domus Realty Limited

C$369000

Residential For Sale

399 Main Street, Kingston Ns B0p 1r0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,100Sqft

Listing courtesy of Domus Realty Limited

Amazing opportunity to get into this new construction semi-detached bungalow directly across the street from the Paragon Golf Course in the community of Kingston. This newly built home features 1100 square feet of living space on one level with an attached single garage and an open concept floor plan.

C$369000

Residential For Sale

399 Main Street, Kingston Ns B0p 1r0

Listing courtesy of Domus Realty Limited

2Bedroom(s)

2Bathroom(s)

C$369000

Residential For Sale

6166 Highway 1, Ashmore Ns B0w 3t0

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

30Picture(s)

1,655Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$130000

Residential For Sale

6166 Highway 1, Ashmore Ns B0w 3t0

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,655Sqft

Listing courtesy of RE/MAX Banner Real Estate

welcome to 6166 Highway 101, Ashmore. This 5 bedroom, one and a half bath home sits in Ashmore: minutes away from the village of Weymouth and its amenities. On the main floor of this home you will find a spacious laundry room (and half bath), the updated kitchen, living room & family room, primary bedroom and full bath. Upstairs you will find four additional bedrooms.

C$130000

Residential For Sale

6166 Highway 1, Ashmore Ns B0w 3t0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

2Bathroom(s)

C$130000

Residential For Sale

6599 Cabot Trail, North East Margaree Ns B0e 2h0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

19Picture(s)

1,280Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$240000

Residential For Sale

6599 Cabot Trail, North East Margaree Ns B0e 2h0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,280Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

Nestled in the heart of Cape Breton's breathtaking Margaree Valley, North East Margaree is a picturesque community known for its rolling hills, lush forests, and the North East Margaree River, renowned worldwide for its exceptional salmon fishing. This area attracts nature lovers, outdoor enthusiasts, and those seeking a peaceful retreat.

C$240000

Residential For Sale

6599 Cabot Trail, North East Margaree Ns B0e 2h0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$240000

Residential For Sale

997 Main Street, Mahone Bay Ns B0j 2e0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

35Picture(s)

1,800Sqft

Listing courtesy of Land & Sea Real Estate Services Inc

C$825000

Residential For Sale

997 Main Street, Mahone Bay Ns B0j 2e0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,800Sqft

Listing courtesy of Land & Sea Real Estate Services Inc

L&S #1282. Priced below tax assessed value!! The Complete Maritime Ensemble! Comprised of a classic "seacaptain" style home, studio, two story boathouse and 100 foot wharf together with more than 2 acres which includes direct oceanfront, a water lot and lush hillside pasture with sweeping ocean views.

C$825000

Residential For Sale

997 Main Street, Mahone Bay Ns B0j 2e0

Listing courtesy of Land & Sea Real Estate Services Inc

3Bedroom(s)

2Bathroom(s)

C$825000

Residential For Sale

189 Darner Drive, Beaver Bank Ns B4g 1c1

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

7Picture(s)

1,958Sqft

Listing courtesy of Royal LePage Atlantic

C$629900

Residential For Sale

189 Darner Drive, Beaver Bank Ns B4g 1c1

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

1,958Sqft

Listing courtesy of Royal LePage Atlantic

Rooftight Homes is proud to introduce "Katie" in Carriagewood Estates, Beaver Bank Halifax Nova Scotia. This model starts at $624,900 offering exceptional value for a fully finished NEW home, more lots are also available! This thoughtfully designed 3-bedroom, 4-bathroom 2-storey home, finished on all three levels and packed with incredible value.

C$629900

Residential For Sale

189 Darner Drive, Beaver Bank Ns B4g 1c1

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$629900

Residential For Sale

1064 Highway 321, Valley Road Ns B0m 1v0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

49Picture(s)

696Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$329000

Residential For Sale

1064 Highway 321, Valley Road Ns B0m 1v0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

696Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

Serenity & Functionality come together in this commercially zoned charming Homesteader’s Paradise located in River Phillip, Nova Scotia. Work & Play while immersing yourself in country living with this quaint 2-bedroom home complete with a heated 50' x 30' workshop (new furnace 2022, and has a washroom).

C$329000

Residential For Sale

1064 Highway 321, Valley Road Ns B0m 1v0

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$329000

Residential For Sale

4033 Highway 215, Lower Burlington Ns B0n 2a0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

49Picture(s)

1,011Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$215500

Residential For Sale

4033 Highway 215, Lower Burlington Ns B0n 2a0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,011Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Charming Country Retreat that is move-In Ready! Welcome to 4033 Highway 215, Lower Burlington, this cozy and inviting 2-bedroom, 1-bathroom home nestled on a picturesque 1.6-acre lot with mature trees, offering privacy and a true country feel. With 880 square feet of comfortable living space, this home is perfect for first-time buyers, downsizers, or anyone looking to be out of the city.

C$215500

Residential For Sale

4033 Highway 215, Lower Burlington Ns B0n 2a0

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

1Bathroom(s)

C$215500

Residential For Sale

19 Wagner Drive, Middle Sackville Ns B4e 2z3

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

32Picture(s)

960Sqft

Listing courtesy of RE/MAX Nova

C$229900

Residential For Sale

19 Wagner Drive, Middle Sackville Ns B4e 2z3

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

960Sqft

Listing courtesy of RE/MAX Nova

Welcome to the sought-after Century Park community. Step into a bright, open-concept kitchen featuring an inviting eat-in area enhanced by a skylight and a modern island. The spacious master suite is thoughtfully positioned at the back of the home, offering privacy away from the additional bedroom. Enjoy outdoor living on two decks—ideal for entertaining—and a convenient paved driveway.

C$229900

Residential For Sale

19 Wagner Drive, Middle Sackville Ns B4e 2z3

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$229900

Residential For Sale

6634 South Street, Halifax Ns B3h 1v2

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

5,047Sqft

Listing courtesy of Royal LePage Atlantic

C$4995000

Residential For Sale

6634 South Street, Halifax Ns B3h 1v2

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

5,047Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to this exquisite waterfront property on the North West Arm, offering breathtaking views of the historic Dingle Park. This stately two-story brick home boasts over 5,000 square feet of beautifully finished living space, featuring 5 bedrooms, 4 bathrooms, and a thoughtfully designed layout perfect for both family living and entertaining.

C$4995000

Residential For Sale

6634 South Street, Halifax Ns B3h 1v2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$4995000

Residential For Sale

11 Toulouse Street, St. Peter's Ns B0e 3b0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

19Picture(s)

1,040Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$269500

Residential For Sale

11 Toulouse Street, St. Peter's Ns B0e 3b0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,040Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

Location, Location, Location. This property has it all. Within a minute of all local services and just waiting for you. Loads of updates; new siding, new roof shingles, complete new kitchen, all new flooring, updated bath, etc. Large open concept living room/dining room/kitchen, large bedrooms and large bath. Attached garage, which makes a great storage area or workshop for him or her.

C$269500

Residential For Sale

11 Toulouse Street, St. Peter's Ns B0e 3b0

Listing courtesy of Harvey Realties Limited (St.Peters)

2Bedroom(s)

1Bathroom(s)

C$269500

Residential For Sale

502 Lake Road, Maitland Ns B0n 1t0

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

50Picture(s)

2,400Sqft

Listing courtesy of Royal LePage Anchor Realty

C$589900

Residential For Sale

502 Lake Road, Maitland Ns B0n 1t0

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

2,400Sqft

Listing courtesy of Royal LePage Anchor Realty

This Beautiful rancher home with farmers porch sits on 10 Acres with a walking path through the forest,20x20 garage,20x20 barn with loft,chicken coop with in and out elect door,It offers a great hobby farm potential as well for your love of animals.

C$589900

Residential For Sale

502 Lake Road, Maitland Ns B0n 1t0

Listing courtesy of Royal LePage Anchor Realty

2Bedroom(s)

2Bathroom(s)

C$589900

Residential For Sale

240 Lake Pleasant Road, Lake Pleasant Ns B0r 1h0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

39Picture(s)

1,300Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$199999

Residential For Sale

240 Lake Pleasant Road, Lake Pleasant Ns B0r 1h0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,300Sqft

Listing courtesy of EXP Realty of Canada Inc.

READY TO NEGOTIATE! Nestled in the peaceful countryside of Springfield, this 6.58-acre property offers a blend of open pasture and woodland, perfect for those seeking a homesteading lifestyle or a private retreat. A gardener’s paradise, the land boasts blue grape vines, raspberries, a quince bush, apple and crab apple trees, and an abundance of flowers.

C$199999

Residential For Sale

240 Lake Pleasant Road, Lake Pleasant Ns B0r 1h0

Listing courtesy of EXP Realty of Canada Inc.

2Bedroom(s)

2Bathroom(s)

C$199999

4728 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

399 Main Street, Kingston Ns B0p 1r0

Residential For Sale

Residential For Sale

Residential For Sale

6166 Highway 1, Ashmore Ns B0w 3t0

Residential For Sale

Residential For Sale

Residential For Sale

6599 Cabot Trail, North East Margaree Ns B0e 2h0

Residential For Sale

Residential For Sale

Residential For Sale

997 Main Street, Mahone Bay Ns B0j 2e0

Residential For Sale

Residential For Sale

Residential For Sale

189 Darner Drive, Beaver Bank Ns B4g 1c1

Residential For Sale

Residential For Sale

Residential For Sale

1064 Highway 321, Valley Road Ns B0m 1v0

Residential For Sale

Residential For Sale

Residential For Sale

4033 Highway 215, Lower Burlington Ns B0n 2a0

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.