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

2328 Black River Road, Lumsden Dam Ns B4p 2r1

More Details

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

50Picture(s)

2,360Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$647000

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

2,360Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Through no fault of its own, this property has been heavily reduced in price for a quick sale only due to a life-altering medical condition of the seller—ready for immediate possession!This 2,360 sq. ft. custom-built home offers the perfect balance of privacy and comfort on 6.61 acres across from Lumsden Dam.

C$647000

Residential For Sale

2328 Black River Road, Lumsden Dam Ns B4p 2r1

Listing courtesy of Keller Williams Select Realty (Kentville)

3Bedroom(s)

1Bathroom(s)

C$647000

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

1,920Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$329900

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,920Sqft

Listing courtesy of Coldwell Banker Performance Realty

Wonderful furnished! cottage or year round home in sought after Tidnish Bridge. This home has had many renovations including a 28k deck with glass railings, screw pile foundation as well as a newer garage/shed with roll up door. Inside 2 renovated bathrooms along with some fresh paint add to the value here. This home has 3 spacious bedrooms, some with nice views of the river.

C$329900

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$329900

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

26Picture(s)

569Sqft

Listing courtesy of Keller Williams Select Realty

C$89000

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

569Sqft

Listing courtesy of Keller Williams Select Realty

Affordable 3-Bedroom Home with Ocean Views Located in the charming coastal town of Clark’s Harbour, this affordable three-bedroom, one-bath home offers ocean views and a lifestyle filled with natural beauty and convenience. This well-maintained home has seen many recent upgrades and is both efficient and easy to maintain.

C$89000

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$89000

Residential For Sale

2955 Main Street, Clark's Harbour Ns B0w 1p0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

21Picture(s)

878Sqft

Listing courtesy of Keller Williams Select Realty

C$129000

Residential For Sale

2955 Main Street, Clark's Harbour Ns B0w 1p0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

878Sqft

Listing courtesy of Keller Williams Select Realty

Charming 3-Bedroom Coastal Home in Clark’s Harbour Discover affordable coastal living in this well-maintained three-bedroom, one-bathroom home, ideally located in the scenic Town of Clark’s Harbour. Perfectly positioned to enjoy stunning Atlantic Ocean views, this home offers comfort, convenience, and charm.

C$129000

Residential For Sale

2955 Main Street, Clark's Harbour Ns B0w 1p0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$129000

Residential For Sale

124 Red Cliff Drive, Seafoam Ns B0k 1h0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

27Picture(s)

650Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

C$210000

Residential For Sale

124 Red Cliff Drive, Seafoam Ns B0k 1h0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

650Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

This is a home with ocean access and ocean view that you can move right into, the hard work is done! Fully renovated with new metal roof and vinyl siding, new 200 amp electrical service, new plumbing including new bathroom, laminate flooring, new front deck and back deck, outside shower, and large shed. The land has French drains to keep the water where it should be.

C$210000

Residential For Sale

124 Red Cliff Drive, Seafoam Ns B0k 1h0

Listing courtesy of Sunrise Brokerage & Sales Ltd.

3Bedroom(s)

1Bathroom(s)

C$210000

Residential For Sale

20 Harvey Drive, Baddeck Ns B0e 1b0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

49Picture(s)

2,146Sqft

Listing courtesy of Royal LePage Atlantic

C$725000

Residential For Sale

20 Harvey Drive, Baddeck Ns B0e 1b0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,146Sqft

Listing courtesy of Royal LePage Atlantic

Perched on a hilltop above picturesque Baddeck, this luxurious residence offers privacy and panoramic four-season views, making it the quintessential retreat. Immaculately clean and well-maintained, this 2,150 sf home boasts 3 generously sized bedrooms, 2.5 bathrooms, and high-end amenities for discerning buyers.

C$725000

Residential For Sale

20 Harvey Drive, Baddeck Ns B0e 1b0

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$725000

Residential For Sale

Eric Lane, Hay Cove Ns B0e 3b0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

36Picture(s)

5,032Sqft

Listing courtesy of Cape Breton Realty

C$1490000

Residential For Sale

Eric Lane, Hay Cove Ns B0e 3b0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

5,032Sqft

Listing courtesy of Cape Breton Realty

Exclusive private lakefront estate with 1.26 km of pristine Bras d’Or Lake shoreline and a private sandy beach. This custom-built 5,000 sq ft luxury bungalow, completed in 2024, is thoughtfully designed for effortless one-level living, with breathtaking lake views from every window. Spanning 35.5 acres, the property is divided into 12 waterfront parcels, ensuring unparalleled privacy.

C$1490000

Residential For Sale

Eric Lane, Hay Cove Ns B0e 3b0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

3Bathroom(s)

C$1490000

Residential For Sale

6536 Highway 340, Weymouth Ns B0w 3t0

More Details

5Bedroom(s)

4Bathroom(s)

DetachedParking(s)

21Picture(s)

2,700Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$350000

Residential For Sale

6536 Highway 340, Weymouth Ns B0w 3t0

5Bedroom(s)

4Bathroom(s)

DetachedParking(s)

2,700Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 6536 Highway 340, Weymouth, NS. This home sits just minutes from the village of Weymouth and it's amenities (schools, grocery store, gas station, hardware store, pharmacy, public boat launch etc).

C$350000

Residential For Sale

6536 Highway 340, Weymouth Ns B0w 3t0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

4Bathroom(s)

C$350000

Residential For Sale

1766 Highway 304, Cape Forchu, NS B5A 5G7

More Details

5Bedroom(s)

4Bathroom(s)

DetachedParking(s)

50Picture(s)

4,636Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$4400000

Residential For Sale

1766 Highway 304, Cape Forchu, NS B5A 5G7

5Bedroom(s)

4Bathroom(s)

DetachedParking(s)

4,636Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Perched above the Atlantic on Nova Scotia’s southern tip near Yarmouth, The Edge offers an extraordinary oceanfront retreat. Spanning over 20 acres with nearly 2,000 linear feet of shoreline, this estate commands breathtaking views of the Atlantic. From the moment you pass through the private gates, you are welcomed into a world of natural beauty, privacy, and tranquility. At 4,636 sq. ft.

C$4400000

Residential For Sale

1766 Highway 304, Cape Forchu, NS B5A 5G7

Listing courtesy of Engel & Volkers (Yarmouth)

5Bedroom(s)

4Bathroom(s)

C$4400000

Residential For Sale

8199 Granite Ridge Road, Birchtown, NS B0T 1W0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

31Picture(s)

1,638Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$774900

Residential For Sale

8199 Granite Ridge Road, Birchtown, NS B0T 1W0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,638Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

The stunning Lakefront home was built in 2017 and offers plenty of amenities, including but not limited to a spacious 3-car garage, basketball pad, dock, and generator-ready. The layout is functional with an open concept living all on one level. The primary bedroom has a walk-in closet, a 3pc ensuite, and garden doors that open to the deck overlooking the lake.

C$774900

Residential For Sale

8199 Granite Ridge Road, Birchtown, NS B0T 1W0

Listing courtesy of Keller Williams Select Realty (Shelburne)

3Bedroom(s)

2Bathroom(s)

C$774900

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

32Picture(s)

1,244Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$339999

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,244Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

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

C$339999

Residential For Sale

1256 Upper Clyde Road, Clyde River Ns B0w 1r0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$339999

Residential For Sale

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

More Details

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

50Picture(s)

3,318Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$1999000

Residential For Sale

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

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

3,318Sqft

Listing courtesy of Duckworth Real Estate(Chester)

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

C$1999000

Residential For Sale

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

Listing courtesy of Duckworth Real Estate(Chester)

4Bedroom(s)

4Bathroom(s)

C$1999000

4814 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

2328 Black River Road, Lumsden Dam Ns B4p 2r1

Residential For Sale

Residential For Sale

Residential For Sale

3 Park Place, Tidnish Bridge Ns B4h 3x9

Residential For Sale

Residential For Sale

Residential For Sale

2961 Main Street, Lower Clarks Harbour Ns B0w 1p0

Residential For Sale

Residential For Sale

Residential For Sale

2955 Main Street, Clark's Harbour Ns B0w 1p0

Residential For Sale

Residential For Sale

Residential For Sale

124 Red Cliff Drive, Seafoam Ns B0k 1h0

Residential For Sale

Residential For Sale

Residential For Sale

20 Harvey Drive, Baddeck Ns B0e 1b0

Residential For Sale

Residential For Sale

Residential For Sale

Eric Lane, Hay Cove Ns B0e 3b0

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.