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

30 Common Cross Road, Saulnierville, NS B0W 2Z0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

1,950Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$299000

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,950Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 30 Common Cross Road, Saulnierville NS. This 4 bedroom home sits on 8.3 acres, just minutes from the village of Saulnierville and its amenities (grocery store, bank, gas station, pharmacy, gym, wharf). Upon entering you will find the large eat-in kitchen and formal dining room: which provides access to the attached garage.

C$299000

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

Listing courtesy of RE/MAX Banner Real Estate

4Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

99 Red Cliff Drive, Seafoam Ns B0k 1n0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

21Picture(s)

720Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

C$249900

Residential For Sale

99 Red Cliff Drive, Seafoam Ns B0k 1n0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

720Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

This well maintained 3 bedroom ocean front cottage is move-in ready! Located on the beautiful Northumberland Strait, the ocean views are heavenly! The cottage has three bedrooms, a full bath and open concept kitchen living room.

C$249900

Residential For Sale

99 Red Cliff Drive, Seafoam Ns B0k 1n0

Listing courtesy of Sunrise Brokerage & Sales Ltd.

3Bedroom(s)

1Bathroom(s)

C$249900

Residential For Sale

2633 Highway 206 Arichat, N.s., Arichat Ns B0e 1a0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

24Picture(s)

2,078Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$309900

Residential For Sale

2633 Highway 206 Arichat, N.s., Arichat Ns B0e 1a0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

2,078Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

Located in the picturesque seaside community of Arichat and centrally located with easy access to schools, churches, restaurants and other amenities - 1.5 story home situated .7 acres with harbor view. The house, apartment and detached 16 x 30 garage (wired) have newer metal roofs for years of low maintenance living.

C$309900

Residential For Sale

2633 Highway 206 Arichat, N.s., Arichat Ns B0e 1a0

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

3Bedroom(s)

1Bathroom(s)

C$309900

Residential For Sale

8915 209 Highway, Fox River Ns B0m 1s0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

1,332Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$249900

Residential For Sale

8915 209 Highway, Fox River Ns B0m 1s0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,332Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Nestled on 2.5 acres in Fox River, just minutes from the charming town of Parrsboro, this beautifully maintained two-bedroom, two-level home offers the perfect blend of classic charm and modern updates. Warm and inviting, the home features a cozy wood stove for those crisp Maritime evenings, while a recently added heat pump ensures year-round comfort.

C$249900

Residential For Sale

8915 209 Highway, Fox River Ns B0m 1s0

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

2Bathroom(s)

C$249900

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

25Picture(s)

1,170Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$179500

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,170Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

Located in the picturesque Acadian fishing village of Chéticamp, this charming 3-bedroom home offers the perfect blend of comfort and coastal charm. Situated on the west side of Cape Breton Island, near the breathtaking Cape Breton Highlands National Park, this home is just a short walk from popular eateries and local amenities.

C$179500

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$179500

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

27Picture(s)

921Sqft

Listing courtesy of Cape Breton Realty

C$199900

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

921Sqft

Listing courtesy of Cape Breton Realty

NEW KITCHEN in this Charming Waterfront Retreat in Guysborough County Step into this picturesque, vintage home perfectly perched on the tranquil shores of New Harbour, Guysborough County. This delightful and budget-friendly waterfront property has long been cherished as a summer getaway and now invites you to begin your own tradition.

C$199900

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

More Details

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

50Picture(s)

2,592Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$565000

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,592Sqft

Listing courtesy of RE/MAX Park Place Inc.

Located in Victoria County, where there are no foreign buyer restrictions - Your new beautiful log home awaits! Sitting on 6.5 picturesque acres overlooking the stunning Bras d'Or Lake channel, Kelly’s Mountain and the Seal Island Bridge. This lightly lived-in gem features natural wood throughout and beautiful HARDWOOD FLOORS.

C$565000

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

Listing courtesy of RE/MAX Park Place Inc.

5Bedroom(s)

3Bathroom(s)

C$565000

Residential For Sale

187 Hartz Point Road Road, Shelburne Ns B0t 1w0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

46Picture(s)

3,024Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$469000

Residential For Sale

187 Hartz Point Road Road, Shelburne Ns B0t 1w0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,024Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Virtual Open House Available – Watch the Walk-Through on YouTube! Discover an exceptional Harbour-view estate on over 5 acres of elevated land, just minutes from Shelburne and pristine white sand beaches. More than a home, this property offers an unparalleled lifestyle, investment potential, and space for multi-generational living.

C$469000

Residential For Sale

187 Hartz Point Road Road, Shelburne Ns B0t 1w0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

231 Hawthorn Road, Mahone Bay Ns B0j 2e0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

1,545Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

C$639000

Residential For Sale

231 Hawthorn Road, Mahone Bay Ns B0j 2e0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,545Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

This almost brand new house (Aug. 2023) is located in the desirable Hawthorn Hill neighborhood in Mahone Bay, which was founded to promote a green neighborhood without dangerous chemicals to support a healthy living environment. The house was built by 'Ziegler Construction' and finished to a high standard. Peace of mind with a 10-Year Atlantic New Home Warranty.

C$639000

Residential For Sale

231 Hawthorn Road, Mahone Bay Ns B0j 2e0

Listing courtesy of Keller Williams Select Realty (Lunenburg)

3Bedroom(s)

2Bathroom(s)

C$639000

Residential For Sale

143 Board Landing Road, Central Onslow Ns B6l 5a4

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

17Picture(s)

1,104Sqft

Listing courtesy of PG Direct Realty Ltd.

C$289000

Residential For Sale

143 Board Landing Road, Central Onslow Ns B6l 5a4

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,104Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Bright and inviting 3-bedroom, 2-bathroom mini home on its own land in Central Onslow. Move-in ready, this home features a spacious open-concept living area with large windows that fill the space with natural light. The kitchen offers a center island, ample counter space and all appliances included.

C$289000

Residential For Sale

143 Board Landing Road, Central Onslow Ns B6l 5a4

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$289000

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

More Details

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

50Picture(s)

4,436Sqft

Listing courtesy of Sotheby's International Realty Canada

C$999900

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

4,436Sqft

Listing courtesy of Sotheby's International Realty Canada

Your escape from reality awaits. 2125 Hillside Boularderie Road is a property like no other; with stunning water views, unique architectural details, and details that make this home stand out from everything else on the island. Thoughtfully crafted to create a European feel in Cape Breton, this 4,400 sq. ft.

C$999900

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

Listing courtesy of Sotheby's International Realty Canada

5Bedroom(s)

4Bathroom(s)

C$999900

Residential For Sale

133 Lundy Drive, Cole Harbour Ns B2w 3s3

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

4,068Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$888888

Residential For Sale

133 Lundy Drive, Cole Harbour Ns B2w 3s3

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

4,068Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Step into this exquisite custom-built, two-story home featuring a beautifully designed one bedroom in-law suite is perfect for multi-generational living or hosting guests. Situated on an oversized, fully landscaped municipal serviced lot, this residence offers unparalleled comfort and luxury.

C$888888

Residential For Sale

133 Lundy Drive, Cole Harbour Ns B2w 3s3

Listing courtesy of Royal LePage Atlantic (Dartmouth)

5Bedroom(s)

4Bathroom(s)

C$888888

4810 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

30 Common Cross Road, Saulnierville, NS B0W 2Z0

Residential For Sale

Residential For Sale

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99 Red Cliff Drive, Seafoam Ns B0k 1n0

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Residential For Sale

Residential For Sale

2633 Highway 206 Arichat, N.s., Arichat Ns B0e 1a0

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Residential For Sale

Residential For Sale

8915 209 Highway, Fox River Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

Residential For Sale

Residential For Sale

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

Residential For Sale

Residential For Sale

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

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.