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

81 Saskatoon Drive, Halifax Ns B3m 3h8

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,927Sqft

Listing courtesy of Royal LePage Anchor Realty

C$1498600

Residential For Sale

81 Saskatoon Drive, Halifax Ns B3m 3h8

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,927Sqft

Listing courtesy of Royal LePage Anchor Realty

Have you been dreaming of lakefront living in the city. It is our pleasure to present this magnificent home nestled on a large lot with 86 feet of Kearney Lake frontage. You will enjoy quick and easy access to the 102 Hwy with less than 10 minutes to the fine dining and shopping in Bayers Lake, 17-minutes to downtown Halifax and just 23 minutes to the Halifax Stanfield International Airport.

C$1498600

Residential For Sale

81 Saskatoon Drive, Halifax Ns B3m 3h8

Listing courtesy of Royal LePage Anchor Realty

5Bedroom(s)

4Bathroom(s)

C$1498600

Residential For Sale

8002 Hwy#209 Highway, Wards Brook Ns B0m 1s0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

30Picture(s)

2,080Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$599900

Residential For Sale

8002 Hwy#209 Highway, Wards Brook Ns B0m 1s0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,080Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Oceanfront property sitting on 6.44 acres of land with clear 180 degree views of the Bay of Fundy with the iconic Cape Split sitting in the background. A long beautifully paved driveway leads up to the immaculate 4 bedroom 2 bath home which was built in 2000 as well features a 3 bay garage which was built in 2017 and a second 2 bay garage which was built in 2005.

C$599900

Residential For Sale

8002 Hwy#209 Highway, Wards Brook Ns B0m 1s0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

4Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

3118 Black River Road, Newtonville Ns B4p 2r1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,038Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$720000

Residential For Sale

3118 Black River Road, Newtonville Ns B4p 2r1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,038Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to this spacious rancher on slab with in floor heat and located on a 5 acre lot in Gaspereau Valley. Ideally set up for business/ hobby farm or just enjoy the idyllic, private country living and only minutes drive from Wolfville. The home features 2,038 sq.

C$720000

Residential For Sale

3118 Black River Road, Newtonville Ns B4p 2r1

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

2Bathroom(s)

C$720000

Residential For Sale

98 Cove Road, West Arichat Ns B0e 3j0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

37Picture(s)

1,266Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$229900

Residential For Sale

98 Cove Road, West Arichat Ns B0e 3j0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,266Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

Oceanfront home for sale. Lovely 2 storey home with detached garage on 2.25 acres of oceanfront. Sit on the front veranda deck and enjoy those beautiful sunrises with your morning coffee. Loads of room for entertaining guests or a place for all your family to gather. Large eat-in kitchen and large living room, both with ocean views.

C$229900

Residential For Sale

98 Cove Road, West Arichat Ns B0e 3j0

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

1Bathroom(s)

C$229900

Residential For Sale

186 Point Aconi Road, Bras D'or Ns B1y 1w3

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

12Picture(s)

2,400Sqft

Listing courtesy of PG Direct Realty Ltd.

C$685000

Residential For Sale

186 Point Aconi Road, Bras D'or Ns B1y 1w3

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,400Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Waterfront Property - Great location! Approximately 230' shoreline with a 36'wharf; great water for swimming/fishing/boating. Less than 10 minutes from all amenities 24x24 heated garage 10'ceilings; wired/insulated/vapor barrier, 16x16 shed wired, 2 driveways. High end finishes & lots of large windows found throughout home.

C$685000

Residential For Sale

186 Point Aconi Road, Bras D'or Ns B1y 1w3

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$685000

Residential For Sale

51 Doctors Lane, Springdale Ns B0w 2y0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

4,463Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$829900

Residential For Sale

51 Doctors Lane, Springdale Ns B0w 2y0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,463Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to your dream lakefront oasis! This stunning two-story home, only 12 years old, offers the perfect blend of modern comfort and serene natural beauty. With four spacious bedrooms and four well-appointed bathrooms, this property is designed for both relaxation and entertainment.

C$829900

Residential For Sale

51 Doctors Lane, Springdale Ns B0w 2y0

Listing courtesy of Engel & Volkers (Yarmouth)

4Bedroom(s)

4Bathroom(s)

C$829900

Residential For Sale

879 16 Highway, Monastery Ns B0h 1w0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

35Picture(s)

1,072Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$264500

Residential For Sale

879 16 Highway, Monastery Ns B0h 1w0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,072Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Well maintained 16x72 ,2008 Maple Leaf Mini home, offering 3 Bedrooms, and 2 full bathrooms. Situated on a 3.5 acre lot, providing privacy and room to grow, back deck(2021) for entertaining and a 10x16 Shed for all your storage needs. Ample parking. The Primary bedroom is located at one end, and has an ensuite with jet soaker tub/shower, and closet organizer.

C$264500

Residential For Sale

879 16 Highway, Monastery Ns B0h 1w0

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

3Bedroom(s)

2Bathroom(s)

C$264500

Residential For Sale

33 South Street, Springhill Ns B0m 1x0

More Details

SingleParking(s)

2Picture(s)

858Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$49900

Residential For Sale

33 South Street, Springhill Ns B0m 1x0

SingleParking(s)

858Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Looking for a project, land ownership, and a place to call your own? It's available at 33 South Street in Springhill. This once 4 bedroom ,1 bathroom post war home has fallen on hard-times and need that someone to come in and bring it back to life. Close to downtown, the community center, shopping, and schools, this one and 1/2 storey home is just needing the right Buyer.

C$49900

Residential For Sale

33 South Street, Springhill Ns B0m 1x0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$49900

Residential For Sale

5042 Ns-1, Weymouth North Ns B0w 3t0

More Details

3Bedroom(s)

3Bathroom(s)

Circular DrivewayParking(s)

20Picture(s)

2,786Sqft

Listing courtesy of PG Direct Realty Ltd.

C$499750

Residential For Sale

5042 Ns-1, Weymouth North Ns B0w 3t0

3Bedroom(s)

3Bathroom(s)

Circular DrivewayParking(s)

2,786Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. This spacious residence features five generous bedrooms, including a grand ensuite on the second level and a three-piece bath on the main floor. Elegant hardwood flooring and intricate woodwork add warmth throughout. The inviting second-floor foyer showcases a handsome stairwell, while original fireplaces serve as charming focal points.

C$499750

Residential For Sale

5042 Ns-1, Weymouth North Ns B0w 3t0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

3Bathroom(s)

C$499750

Residential For Sale

30 Victoria Street W, Amherst Ns B4h 1c1

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

32Picture(s)

2,061Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$199900

Residential For Sale

30 Victoria Street W, Amherst Ns B4h 1c1

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

2,061Sqft

Listing courtesy of Coldwell Banker Performance Realty

Gorgeous older home near downtown Amherst! This home features well maintained hardwood floors on the main level with a spacious kitchen, laundry room and huge living room. There is a third room that offers a some flex space and has in the past been used as a 3rd bedroom.

C$199900

Residential For Sale

30 Victoria Street W, Amherst Ns B4h 1c1

Listing courtesy of Coldwell Banker Performance Realty

2Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

51 Hache Road, Point Cross Ns B0e 1h0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

38Picture(s)

1,100Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$265000

Residential For Sale

51 Hache Road, Point Cross Ns B0e 1h0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,100Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

This charming Cape Breton-style home offers a traditional 3-bedroom, 1-bathroom layout, with stunning views of the sunsets over Chéticamp Harbour. The bright and welcoming 1.5-story design creates a cozy yet spacious atmosphere, ideal for both family gatherings and peaceful retreats.

C$265000

Residential For Sale

51 Hache Road, Point Cross Ns B0e 1h0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$265000

Residential For Sale

33 Lodge Lane, Cross Roads Ns B0n 1c0

More Details

5Bedroom(s)

5Bathroom(s)

GravelParking(s)

50Picture(s)

2,348Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$489900

Residential For Sale

33 Lodge Lane, Cross Roads Ns B0n 1c0

5Bedroom(s)

5Bathroom(s)

GravelParking(s)

2,348Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Dream Home for Outdoor Enthusiasts! Welcome to your ultimate homebase for adventure, fishing & more! This stunning 5-bedroom, 5-bathroom chalet-style home is the perfect blend of comfort and outdoor living. Set on 9 acres of land, this property offers endless possibilities—whether you’re dreaming of a hobby farm, room for horses, or simply space to roam.

C$489900

Residential For Sale

33 Lodge Lane, Cross Roads Ns B0n 1c0

Listing courtesy of Viewpoint Realty Services Inc.

5Bedroom(s)

5Bathroom(s)

C$489900

4666 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

81 Saskatoon Drive, Halifax Ns B3m 3h8

Residential For Sale

Residential For Sale

Residential For Sale

8002 Hwy#209 Highway, Wards Brook Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

3118 Black River Road, Newtonville Ns B4p 2r1

Residential For Sale

Residential For Sale

Residential For Sale

98 Cove Road, West Arichat Ns B0e 3j0

Residential For Sale

Residential For Sale

Residential For Sale

186 Point Aconi Road, Bras D'or Ns B1y 1w3

Residential For Sale

Residential For Sale

Residential For Sale

51 Doctors Lane, Springdale Ns B0w 2y0

Residential For Sale

Residential For Sale

Residential For Sale

879 16 Highway, Monastery Ns B0h 1w0

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.