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

212 Brook Road, Port Greville Ns B0m 1t0

More Details

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,820Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$279000

Residential For Sale

212 Brook Road, Port Greville Ns B0m 1t0

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,820Sqft

Listing courtesy of Coldwell Banker Performance Realty

Welcome to 212 Brook Road - a beautiful and spacious south-facing house by the sea in the sweet, serene rural village of Port Greville. Gaze out at the world’s highest tides from windows on all sides, or sit and watch the gorgeous sunset from a partially-covered deck bathed in sun all day in this tranquil, creative and friendly community.

C$279000

Residential For Sale

212 Brook Road, Port Greville Ns B0m 1t0

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$279000

Residential For Sale

101 Mcgray Avenue, North East Point Ns B0w 2p0

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

42Picture(s)

3,642Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$1250000

Residential For Sale

101 Mcgray Avenue, North East Point Ns B0w 2p0

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

3,642Sqft

Listing courtesy of EXP Realty of Canada Inc.

Why wait on contractors or deal with construction delays when your dream coastal home is already here? Welcome to 101 McGray Avenue in North East Point, Cape Sable Island—a rare opportunity to own a like-new, custom-built with approximately 314 feet of oceanfront where you can launch your kayak, take a swim and your very own white sand beach.

C$1250000

Residential For Sale

101 Mcgray Avenue, North East Point Ns B0w 2p0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

3Bathroom(s)

C$1250000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

More Details

2Bedroom(s)

3Bathroom(s)

SingleParking(s)

48Picture(s)

1,868Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$799000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

2Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,868Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to 93 Maple Leaf Drive, a serene retreat in East Canaan. Nestled on over 11 acres of prime, private land, this modern contemporary cottage offers the ultimate blend of tranquility and convenience, located on the desirable Mill Lake. Built just five years ago, this cottage features a thoughtfully designed layout with the potential for two self-contained living spaces.

C$799000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

Listing courtesy of Engel & Volkers (Yarmouth)

2Bedroom(s)

3Bathroom(s)

C$799000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

More Details

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

48Picture(s)

1,868Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$799000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,868Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to 93 Maple Leaf Drive, a serene retreat in East Canaan. Nestled on over 11 acres of prime, private land, this modern contemporary home offers the ultimate blend of tranquility and convenience, located on the desirable Mill Lake. Built just five years ago, this home features a thoughtfully designed layout with the potential for two self-contained living spaces.

C$799000

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

Listing courtesy of Engel & Volkers (Yarmouth)

2Bedroom(s)

3Bathroom(s)

C$799000

Residential For Sale

1285 Shore Road, Churchover Ns B0t 1w0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

40Picture(s)

2,329Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$459999

Residential For Sale

1285 Shore Road, Churchover Ns B0t 1w0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,329Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to 1285 Shore Rd., Churchover, Nova Scotia! As you approach this charming property, you are greeted by breathtaking easterly views of Shelburne Harbour, setting the stage for a truly special experience. Inside this beautifully renovated century-old farmhouse, where modern comforts meet timeless character.

C$459999

Residential For Sale

1285 Shore Road, Churchover Ns B0t 1w0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

3Bathroom(s)

C$459999

Residential For Sale

85 Alexander Street, New Glasgow, NS B2H 2S6

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

49Picture(s)

4,337Sqft

Listing courtesy of Easy List Realty Ltd.

C$415000

Residential For Sale

85 Alexander Street, New Glasgow, NS B2H 2S6

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4,337Sqft

Listing courtesy of Easy List Realty Ltd.

For more information, please click the "More Information" button. Nestled in the heart of New Glasgow NS, 85 Alexander St offers a rare blend of historical charm & modern comfort. This 1.5 story home, spanning 3666 sq ft, circa 1825, exudes character fr a bygone era. With a 9600 sq ft lot, this property provides ample outdoor space for gardening, relaxation or entertaining.

C$415000

Residential For Sale

85 Alexander Street, New Glasgow, NS B2H 2S6

Listing courtesy of Easy List Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$415000

Residential For Sale

11 Forest View Drive, Barrington Passage Ns B0w 1e0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

22Picture(s)

1,087Sqft

Listing courtesy of Keller Williams Select Realty

C$178000

Residential For Sale

11 Forest View Drive, Barrington Passage Ns B0w 1e0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,087Sqft

Listing courtesy of Keller Williams Select Realty

Well maintained 3 bedroom 2 bath Prestige Mini Home . A paved driveway welcomes you and leads you to the front patio and access to the home via the newly added porch. The open layout creates an inviting space perfect for entertaining or relaxing in comfort. The primary is private with a generous closet, providing plenty of storage.

C$178000

Residential For Sale

11 Forest View Drive, Barrington Passage Ns B0w 1e0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$178000

Residential For Sale

28 Wild Chance Drive, Bible Hill Ns B2n 2w8

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

3Picture(s)

1,024Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$194500

Residential For Sale

28 Wild Chance Drive, Bible Hill Ns B2n 2w8

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,024Sqft

Listing courtesy of RE/MAX Fairlane Realty

The Danielle Model in our mini home series features 3 bedrooms, 1 bath & a large open concept kitchen, dining & living room. You'll also get 6 new appliances & a 17,000 BTU heat pump.

C$194500

Residential For Sale

28 Wild Chance Drive, Bible Hill Ns B2n 2w8

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

1Bathroom(s)

C$194500

Residential For Sale

47 Richard Road, River Hebert Ns B0l 1g0

More Details

OtherParking(s)

13Picture(s)

576Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$39900

Residential For Sale

47 Richard Road, River Hebert Ns B0l 1g0

OtherParking(s)

576Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Priced BELOW assessment - this unfinished camp/cottage is a great start and it's ready for YOU to bring the finishing touches! The 24 x 16 shell is there, complete with fibreglass roof and vinyl windows! Sewer line has been run to the building (but not hooked up yet). Also includes a 12 x 8 storage shed.

C$39900

Residential For Sale

47 Richard Road, River Hebert Ns B0l 1g0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$39900

Residential For Sale

73 Mills Road, Advocate Harbour Ns B0m 1a0

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

43Picture(s)

1,914Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$269000

Residential For Sale

73 Mills Road, Advocate Harbour Ns B0m 1a0

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,914Sqft

Listing courtesy of Coldwell Banker Performance Realty

Nestled in the heart of the charming seaside village of Advocate Harbour, this beautifully updated century home blends timeless character with modern comforts. The yard is tidy with a great fenced-in dog run and wired double-car garage. You can see the Bay of Fundy from the front deck! The solid deck opens into a light-filled sunroom and into the generous kitchen.

C$269000

Residential For Sale

73 Mills Road, Advocate Harbour Ns B0m 1a0

Listing courtesy of Coldwell Banker Performance Realty

4Bedroom(s)

1Bathroom(s)

C$269000

Residential For Sale

103-151 Ritchie Street, Annapolis Royal Ns B0s 1a0

More Details

1Bedroom(s)

1Bathroom(s)

AssignedParking(s)

21Picture(s)

829Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$257000

Residential For Sale

103-151 Ritchie Street, Annapolis Royal Ns B0s 1a0

1Bedroom(s)

1Bathroom(s)

AssignedParking(s)

829Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

Immaculate, one-bedroom condominium in an up-scale, school conversion. This large, cheerful unit offers an open concept main living area with premium finishes throughout and recent hardwood floors (2024). Located on the ground floor, with easy access to the outdoors and assigned parking spot, the condo is ideal for people with mobility issues or wanting to avoid steps.

C$257000

Residential For Sale

103-151 Ritchie Street, Annapolis Royal Ns B0s 1a0

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

1Bedroom(s)

1Bathroom(s)

C$257000

Residential For Sale

405-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

28Picture(s)

875Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$494000

Residential For Sale

405-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

875Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to your stylish condo in the sought-after Kings Wharf community. This spacious one-bedroom, one-bathroom unit offers 875 sq. ft. of well-planned living space in a quality-built, natural gas building. The kitchen is equipped with Bosch stainless steel appliances, granite countertops, solid wood cabinetry, Grohe fixtures, and the option for a gas stove.

C$494000

Residential For Sale

405-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

Listing courtesy of Century 21 Trident Realty Ltd.

1Bedroom(s)

1Bathroom(s)

C$494000

4805 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

212 Brook Road, Port Greville Ns B0m 1t0

Residential For Sale

Residential For Sale

Residential For Sale

101 Mcgray Avenue, North East Point Ns B0w 2p0

Residential For Sale

Residential For Sale

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

Residential For Sale

Residential For Sale

Residential For Sale

93 Maple Leaf Drive, East Canaan Ns B0w 3m0

Residential For Sale

Residential For Sale

Residential For Sale

1285 Shore Road, Churchover Ns B0t 1w0

Residential For Sale

Residential For Sale

Residential For Sale

85 Alexander Street, New Glasgow, NS B2H 2S6

Residential For Sale

Residential For Sale

Residential For Sale

11 Forest View Drive, Barrington Passage Ns B0w 1e0

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.