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

Queens Court Lot 216, Kentville Ns B4n 0g4

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1Picture(s)

2,150Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$599900

Residential For Sale

Queens Court Lot 216, Kentville Ns B4n 0g4

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,150Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Introducing a lovely new construction that embodies comfort, convenience, and modern living. Nestled in a prime location within a sought-after neighborhood, this well-appointed split-entry style family home offers 2150 sf of finished living space.

C$599900

Residential For Sale

Queens Court Lot 216, Kentville Ns B4n 0g4

Listing courtesy of Royal LePage Atlantic (New Minas)

4Bedroom(s)

3Bathroom(s)

C$599900

Residential For Sale

23 Chestnut Avenue, Wolfville Ns B4p 1v7

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

28Picture(s)

1,479Sqft

Listing courtesy of RE/MAX Advantage

C$459900

Residential For Sale

23 Chestnut Avenue, Wolfville Ns B4p 1v7

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,479Sqft

Listing courtesy of RE/MAX Advantage

Lifestyle, an abundance of space, a character-filled home, and a central location in the heart of beautiful Wolfville. The main two-storey offers traditional character and charm of yesteryear. The open-concept kitchen and dining with the option of a sitting area welcome long chats, family memories, and plans for days ahead. The living room is expansive with lots of natural light.

C$459900

Residential For Sale

23 Chestnut Avenue, Wolfville Ns B4p 1v7

Listing courtesy of RE/MAX Advantage

3Bedroom(s)

2Bathroom(s)

C$459900

Residential For Sale

Ludlow Court Lot 505, Elmsdale, NS B2S 0H4

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1Picture(s)

1,200Sqft

Listing courtesy of Keller Williams Select Realty

C$329900

Residential For Sale

Ludlow Court Lot 505, Elmsdale, NS B2S 0H4

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,200Sqft

Listing courtesy of Keller Williams Select Realty

This beautiful 3-bedroom, 2-bathroom home, known as The Brackley, offers the ideal space for your family to grow and thrive.Step into this inviting open-concept home, where natural light fills every corner. The spacious living areas flow effortlessly,creating an environment that’s perfect for both family time and entertaining guests.

C$329900

Residential For Sale

Ludlow Court Lot 505, Elmsdale, NS B2S 0H4

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$329900

Residential For Sale

Main Street, Kingston Ns B0p 1r0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1Picture(s)

1,560Sqft

Listing courtesy of Royal LePage Anchor Realty

C$384900

Residential For Sale

Main Street, Kingston Ns B0p 1r0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,560Sqft

Listing courtesy of Royal LePage Anchor Realty

Presenting, gorgeous 3 Bedroom, 2 full bath, bungalow with bright open concept floor plan, You will love the large kitchen with pantry, beautiful, your choice of cabinets from our samples, center island with your choice of counter tops, large dining area, Spacious bright large living room includes one ductless heat pump, walk out to your private backyard, large Primary bedroom features lovely 1-4p

C$384900

Residential For Sale

Main Street, Kingston Ns B0p 1r0

Listing courtesy of Royal LePage Anchor Realty

3Bedroom(s)

2Bathroom(s)

C$384900

Residential For Sale

2135 Melrose Country Harbour Road, Country Harbour Ns B0h 1j0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

1,472Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$320000

Residential For Sale

2135 Melrose Country Harbour Road, Country Harbour Ns B0h 1j0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,472Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Awake to the calming melodies of nature's wildlife, creating a serene sanctuary on this expansive 3.5 acre property. This single story home is not just a place to live-it's a tranquil retreat, ready for its next chapter, offering the perfect setting to create your own hobby farm with a opportunity to develop the basement.

C$320000

Residential For Sale

2135 Melrose Country Harbour Road, Country Harbour Ns B0h 1j0

Listing courtesy of Royal LePage Atlantic(Stellarton)

3Bedroom(s)

1Bathroom(s)

C$320000

Residential For Sale

244 Atkinson Road, Southampton Ns B0m 1w0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

44Picture(s)

2,272Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$364900

Residential For Sale

244 Atkinson Road, Southampton Ns B0m 1w0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,272Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Your slice of heaven awaits you! Just off the paved highway with peace and quiet, this 3 bed / 2 bath home with an attached garage is calling. Main floor features a great entry porch off the garage, a huge kitchen, open concept living and dining. There are two bedrooms and the main bath on this level as well. Also a back covered deck off the dining space.

C$364900

Residential For Sale

244 Atkinson Road, Southampton Ns B0m 1w0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$364900

Residential For Sale

8482 Highway 337, Georgeville Ns B2g 2l1

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

48Picture(s)

3,747Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$2250000

Residential For Sale

8482 Highway 337, Georgeville Ns B2g 2l1

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,747Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

INTERNATIONAL BUYERS WELCOME - Custom-built Carriage Trade Estate (completed in 2013) sits on a hilltop 80 meters above sea level facing the Northumberland Strait on 30 acres. 500 feet of private ocean frontage accessible via custom-built aluminum stair system. 360 degree vista with ocean view from all rooms.

C$2250000

Residential For Sale

8482 Highway 337, Georgeville Ns B2g 2l1

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

3Bedroom(s)

4Bathroom(s)

C$2250000

Residential For Sale

120 Green Rock Drive, South Chegoggin Ns B5a 4a7

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

22Picture(s)

1,040Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$189999

Residential For Sale

120 Green Rock Drive, South Chegoggin Ns B5a 4a7

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,040Sqft

Listing courtesy of RE/MAX Nova (Halifax)

NOW VACANT & READY FOR IMMEDIATE OCCUPANCY. Enjoy privacy and scenic pastoral views in this cozy 3-bedroom + den, 1.5-bath home just minutes from downtown Yarmouth. Nestled on over an acre at the end of Green Rock Drive, this property offers year-round views of rolling hills and grazing cows and horses.

C$189999

Residential For Sale

120 Green Rock Drive, South Chegoggin Ns B5a 4a7

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$189999

Residential For Sale

3296 366 Highway, Tidnish Bridge Ns B4h 3x9

More Details

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

33Picture(s)

634Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$159900

Residential For Sale

3296 366 Highway, Tidnish Bridge Ns B4h 3x9

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

634Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

STUNNING RIVERFRONT PROPERTY! Nestled along the scenic Tidnish River in Tidnish Bridge, N.S., this incredible property offers over 545 feet of pristine river frontage and is just 15 minutes from the amenities of Amherst! Spend your days kayaking, tubing, swimming, or take your boat down the river into the Northumberland Strait for an unforgettable day trip.

C$159900

Residential For Sale

3296 366 Highway, Tidnish Bridge Ns B4h 3x9

Listing courtesy of Royal LePage Cumberland Realty Ltd.

1Bedroom(s)

1Bathroom(s)

C$159900

Residential For Sale

25 Butler Drive, Bible Hill, NS B2N 2X1

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

18Picture(s)

756Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$119900

Residential For Sale

25 Butler Drive, Bible Hill, NS B2N 2X1

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

756Sqft

Listing courtesy of RE/MAX Fairlane Realty

Nice 2 bedroom mini home, good sized bedrooms, bathroom/laundry combo. Make a great starter or retirement home.

C$119900

Residential For Sale

25 Butler Drive, Bible Hill, NS B2N 2X1

Listing courtesy of RE/MAX Fairlane Realty

2Bedroom(s)

1Bathroom(s)

C$119900

Residential For Sale

41 Port Bickerton Village Road, Port Bickerton Ns B0j 1a0

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

18Picture(s)

1,150Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

C$179000

Residential For Sale

41 Port Bickerton Village Road, Port Bickerton Ns B0j 1a0

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,150Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

Located in the picturesque community of Port Bickerton this 4 bedroom home with large kitchen and dining room has had many recent upgrades. Over the last few years this home has had a new roof, windows, dug well, insulation and flooring. Waterfront lot with potential for direct access to the water. No path in place but could easily be cleared. Large kitchen plus dining room.

C$179000

Residential For Sale

41 Port Bickerton Village Road, Port Bickerton Ns B0j 1a0

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

4Bedroom(s)

1Bathroom(s)

C$179000

Residential For Sale

14 Marshview Drive, Amherst Ns B4h 4c1

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,185Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$549900

Residential For Sale

14 Marshview Drive, Amherst Ns B4h 4c1

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,185Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

This stunning bungalow exemplifies superior craftsmanship and exquisite finishes throughout. Built in 2005, the home is set on a generous 17,528 sq/ft lot and offers 2,185 sq/ft of elegant main-level living space. Upon entering, you’re greeted by a spacious foyer, where French doors lead to a vast open-concept living area, showcasing beautiful hardwood floors and a custom tray ceiling.

C$549900

Residential For Sale

14 Marshview Drive, Amherst Ns B4h 4c1

Listing courtesy of Royal LePage Cumberland Realty Ltd.

3Bedroom(s)

3Bathroom(s)

C$549900

4819 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

Queens Court Lot 216, Kentville Ns B4n 0g4

Residential For Sale

Residential For Sale

Residential For Sale

23 Chestnut Avenue, Wolfville Ns B4p 1v7

Residential For Sale

Residential For Sale

Residential For Sale

Ludlow Court Lot 505, Elmsdale, NS B2S 0H4

Residential For Sale

Residential For Sale

Residential For Sale

Main Street, Kingston Ns B0p 1r0

Residential For Sale

Residential For Sale

Residential For Sale

2135 Melrose Country Harbour Road, Country Harbour Ns B0h 1j0

Residential For Sale

Residential For Sale

Residential For Sale

244 Atkinson Road, Southampton Ns B0m 1w0

Residential For Sale

Residential For Sale

Residential For Sale

8482 Highway 337, Georgeville Ns B2g 2l1

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.