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

35 Sarah Ingraham Drive, Williamswood Ns B3v 1n2

More Details

6Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

3,081Sqft

Listing courtesy of Engel & Volkers (Wolfville)

C$699000

Residential For Sale

35 Sarah Ingraham Drive, Williamswood Ns B3v 1n2

6Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,081Sqft

Listing courtesy of Engel & Volkers (Wolfville)

Located in the peaceful Broadfalls Park Subdivision with river frontage, this private home offers open-plan living and space for extended family or guests. The bright main level features hardwood floors, a propane fireplace, a kitchen with pantry shelving, and French doors leading to a fenced backyard overlooking the river.

C$699000

Residential For Sale

35 Sarah Ingraham Drive, Williamswood Ns B3v 1n2

Listing courtesy of Engel & Volkers (Wolfville)

6Bedroom(s)

3Bathroom(s)

C$699000

Residential For Sale

43 Covey Street Lot 434, North Kentville Ns B4n 0h8

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

8Picture(s)

1,290Sqft

Listing courtesy of Engel & Volkers (Wolfville)

C$555000

Residential For Sale

43 Covey Street Lot 434, North Kentville Ns B4n 0h8

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,290Sqft

Listing courtesy of Engel & Volkers (Wolfville)

Welcome to Eagle Landing, one of the Annapolis Valley's most sought-after neighbourhoods! The “delicious”” featuring 3 bedrooms and 2 full baths. The beautiful open-concept kitchen flows into a large dining and living space, ideal for entertaining with the large island and cabinetry to suit every cooks needs . Check out the large covered back deck, perfect for enjoying relaxing evenings.

C$555000

Residential For Sale

43 Covey Street Lot 434, North Kentville Ns B4n 0h8

Listing courtesy of Engel & Volkers (Wolfville)

3Bedroom(s)

2Bathroom(s)

C$555000

Residential For Sale

25 Parkdale Crescent, Inverness Ns B0e 1n0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

26Picture(s)

798Sqft

Listing courtesy of Engel & Volkers

C$365000

Residential For Sale

25 Parkdale Crescent, Inverness Ns B0e 1n0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

798Sqft

Listing courtesy of Engel & Volkers

This exquisite newly built two-bedroom residence perfectly blends contemporary design, comfort, and elegance. This property offers an unparalleled lifestyle that combines tranquility with convenience.

C$365000

Residential For Sale

25 Parkdale Crescent, Inverness Ns B0e 1n0

Listing courtesy of Engel & Volkers

2Bedroom(s)

1Bathroom(s)

C$365000

Residential For Sale

1233 Hastings Road, Hastings Ns B4h 3y3

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,901Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$569900

Residential For Sale

1233 Hastings Road, Hastings Ns B4h 3y3

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,901Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Nestled within the tranquil embrace of mature trees, this exceptional home is set on a private 2.6-acre lot, offering the perfect blend of seclusion and convenience, just minutes from the amenities of downtown Amherst! Entering along the long, paved drive, you’re welcomed by a picturesque setting adorned with lush perennials and a sense of serenity.

C$569900

Residential For Sale

1233 Hastings Road, Hastings Ns B4h 3y3

Listing courtesy of Royal LePage Cumberland Realty Ltd.

4Bedroom(s)

2Bathroom(s)

C$569900

Residential For Sale

432 Riverdale Road, Riverdale Ns B0w 3t0

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

50Picture(s)

2,100Sqft

Listing courtesy of RE/MAX Nova

C$499000

Residential For Sale

432 Riverdale Road, Riverdale Ns B0w 3t0

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,100Sqft

Listing courtesy of RE/MAX Nova

Opportunity is knocking! This incredible estate is situated on over 20 acres of pasture and forest with 250 feet of waterfront on Provost Lake. This updated home has been meticulously maintained and it shows. Walking into the large foyer, the sunlight fills the room and shows off the hardwood floors.

C$499000

Residential For Sale

432 Riverdale Road, Riverdale Ns B0w 3t0

Listing courtesy of RE/MAX Nova

4Bedroom(s)

3Bathroom(s)

C$499000

Residential For Sale

78 Aralia Lane, Upper Tantallon Ns B3z 0p8

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

6Picture(s)

2,443Sqft

Listing courtesy of Exit Realty Metro

C$899000

Residential For Sale

78 Aralia Lane, Upper Tantallon Ns B3z 0p8

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,443Sqft

Listing courtesy of Exit Realty Metro

Welcome to 78 Aralia Lane. This 4 bedroom, 3 bathroom split entry is located in the beautiful subdivision of Westwood Hills. This home sits on a treelined 1.69 acres with 260 feet of water frontage on Bull Pond. The main floor consists of an open concept kitchen/dining/living space, 3 great sized bedrooms and two full baths, including a primary ensuite.

C$899000

Residential For Sale

78 Aralia Lane, Upper Tantallon Ns B3z 0p8

Listing courtesy of Exit Realty Metro

4Bedroom(s)

3Bathroom(s)

C$899000

Residential For Sale

Lo37a Lew Crescent, Lantz Ns B2s 0h9

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

6Picture(s)

2,169Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$557900

Residential For Sale

Lo37a Lew Crescent, Lantz Ns B2s 0h9

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,169Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Welcome to The Haven by Integrity Homes, where modern design meets exceptional value. Located in the masterfully planned community of Kiln Creek in Lantz, East Hants, this stunning semi-detached home offers 2,169 square feet of thoughtfully designed living space. With 3 bedrooms, 3.5 bathrooms, and a single-car garage, this home is perfect for families or professionals seeking comfort and style.

C$557900

Residential For Sale

Lo37a Lew Crescent, Lantz Ns B2s 0h9

Listing courtesy of Royal LePage Atlantic (Enfield)

3Bedroom(s)

4Bathroom(s)

C$557900

Residential For Sale

Lo36b Lew Crescent, Lantz Ns B2s 0h9

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1Picture(s)

1,658Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$537900

Residential For Sale

Lo36b Lew Crescent, Lantz Ns B2s 0h9

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,658Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Welcome to The Haven by Integrity Homes, where modern living meets exceptional value. Located in the beautifully master-planned community of Kiln Creek in Lantz, East Hants, this semi-detached home offers 2,169 square feet of thoughtfully designed space. With 3 bedrooms, 2.5 bathrooms, and a single-car garage, this home delivers both style and functionality.

C$537900

Residential For Sale

Lo36b Lew Crescent, Lantz Ns B2s 0h9

Listing courtesy of Royal LePage Atlantic (Enfield)

3Bedroom(s)

3Bathroom(s)

C$537900

Residential For Sale

32 Bridle Path, Labelle Ns B0t 1e0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

49Picture(s)

1,175Sqft

Listing courtesy of Exit Realty Town & Country

C$375000

Residential For Sale

32 Bridle Path, Labelle Ns B0t 1e0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,175Sqft

Listing courtesy of Exit Realty Town & Country

Nestled in the heart of cottage country, this inviting bungalow offers an idyllic retreat surrounded by multiple pristine lakes in LaBelle, NS. With nearly 1,200 sq. ft. of living space, this home provides a perfect blend of comfort and country charm. Featuring a partially finished basement with an almost completed spare bedroom, the home offers plenty of potential for customization.

C$375000

Residential For Sale

32 Bridle Path, Labelle Ns B0t 1e0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

2Bathroom(s)

C$375000

Residential For Sale

23-10 Elizabeth Avenue, Garlands Crossing Ns B0n 2t0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

20Picture(s)

1,190Sqft

Listing courtesy of Engel & Volkers (Wolfville)

C$565000

Residential For Sale

23-10 Elizabeth Avenue, Garlands Crossing Ns B0n 2t0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,190Sqft

Listing courtesy of Engel & Volkers (Wolfville)

The sweetest garden home in the collection. The “Cortland” is a beautiful 2 bedroom and 2 full bathroom that packs big home features into the sweetest most comfortable package. You’ll be pleasantly surprised by the large kitchen that offers function and style. Big island with quartz countertops, with lots of cabinetry, thoughtfully positioned to maximize the space.

C$565000

Residential For Sale

23-10 Elizabeth Avenue, Garlands Crossing Ns B0n 2t0

Listing courtesy of Engel & Volkers (Wolfville)

2Bedroom(s)

2Bathroom(s)

C$565000

Residential For Sale

Lot 287 West Court, Elmsdale Ns B2s 1c1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

8Picture(s)

1,863Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$635000

Residential For Sale

Lot 287 West Court, Elmsdale Ns B2s 1c1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,863Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Another quality-built Gerald Mitchell Home. Welcome to the Holland Split Entry on West Court in Elmsdale. This modern take on the split entry is a product of years of building. The included features have been tried, tested and loved by many, making the Holland Split a combination of function, efficiency, and comfort.

C$635000

Residential For Sale

Lot 287 West Court, Elmsdale Ns B2s 1c1

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$635000

Residential For Sale

4 Rhodas Lane, Elmsdale Ns B2s 1k5

More Details

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

47Picture(s)

2,186Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$649900

Residential For Sale

4 Rhodas Lane, Elmsdale Ns B2s 1k5

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,186Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

HARD TO FIND! Breathtaking 2 bedroom (plus office/den), 2 bathroom A-Frame on 2.57 Acres in Elmsdale Nestled in a quiet cul-de-sac, this stunning A-frame home offers the perfect blend of privacy and modern living. Set on a serviced 2.57-acre lot, you'll immediately fall in love with the serene surroundings.

C$649900

Residential For Sale

4 Rhodas Lane, Elmsdale Ns B2s 1k5

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

3Bathroom(s)

C$649900

4681 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

35 Sarah Ingraham Drive, Williamswood Ns B3v 1n2

Residential For Sale

Residential For Sale

Residential For Sale

43 Covey Street Lot 434, North Kentville Ns B4n 0h8

Residential For Sale

Residential For Sale

Residential For Sale

25 Parkdale Crescent, Inverness Ns B0e 1n0

Residential For Sale

Residential For Sale

Residential For Sale

1233 Hastings Road, Hastings Ns B4h 3y3

Residential For Sale

Residential For Sale

Residential For Sale

432 Riverdale Road, Riverdale Ns B0w 3t0

Residential For Sale

Residential For Sale

Residential For Sale

78 Aralia Lane, Upper Tantallon Ns B3z 0p8

Residential For Sale

Residential For Sale

Residential For Sale

Lo37a Lew Crescent, Lantz Ns B2s 0h9

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.