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

2249 Upper Branch Road, Midville Branch Ns B2r 1s2

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

40Picture(s)

2,084Sqft

Listing courtesy of Royal LePage Atlantic

C$4000000

Residential For Sale

2249 Upper Branch Road, Midville Branch Ns B2r 1s2

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

2,084Sqft

Listing courtesy of Royal LePage Atlantic

There are 890 acres , plus approx. 6300 ft. of water frontage. This listing includes 5 PID'S-60327822, 60327848, 60327814, 60328036, 60327830, all of which are being sold together. There is approx. 100 acres of cleared farmland and 790 acres of mature timber. The value of this property is in the acreage and the water frontage and it's proximity to Halifax.

C$4000000

Residential For Sale

2249 Upper Branch Road, Midville Branch Ns B2r 1s2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

1Bathroom(s)

C$4000000

Residential For Sale

12 Lakeshore Drive, Lyons Brook Ns B0k 1h0

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,391Sqft

Listing courtesy of Royal LePage Atlantic

C$569000

Residential For Sale

12 Lakeshore Drive, Lyons Brook Ns B0k 1h0

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,391Sqft

Listing courtesy of Royal LePage Atlantic

Nestled on over an acre of serene land on the shores of Pictou Harbour, this stunning rancher awaits a buyer looking for a home with a true cottage feel. Minutes from amenities and the deCoste Performing Arts Centre, you’ll find this peaceful retreat on a quiet cul-de-sac, with water views from every angle.

C$569000

Residential For Sale

12 Lakeshore Drive, Lyons Brook Ns B0k 1h0

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$569000

Residential For Sale

167 Mcfetridge Road, Chaswood Ns B0n 2h0

More Details

3Bedroom(s)

2Bathroom(s)

36Picture(s)

1,500Sqft

Listing courtesy of Hants Realty Ltd.

C$499900

Residential For Sale

167 Mcfetridge Road, Chaswood Ns B0n 2h0

3Bedroom(s)

2Bathroom(s)

1,500Sqft

Listing courtesy of Hants Realty Ltd.

Welcome to your brand-new, beautifully crafted bungalow in the peaceful community of Chaswood, Nova Scotia. This stunning 1,500 sq. ft. home offers a perfect blend of modern design and country charm, situated on a generous 2 acre lot for ultimate privacy and serenity. Features: 3 Bedrooms Spacious and bright, with large windows to let in natural light.

C$499900

Residential For Sale

167 Mcfetridge Road, Chaswood Ns B0n 2h0

Listing courtesy of Hants Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

8882 Highway 1, Meteghan River Ns B0w 2l0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

1,643Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$340000

Residential For Sale

8882 Highway 1, Meteghan River Ns B0w 2l0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,643Sqft

Listing courtesy of EXP Realty of Canada Inc.

Nestled in the heart of Meteghan River, this impeccably maintained 3-bedroom, 1.5-bath home offers breathtaking views of St. Marys Bay and its iconic sunsets, all while being conveniently located near local amenities and just 25 minutes from Yarmouth.

C$340000

Residential For Sale

8882 Highway 1, Meteghan River Ns B0w 2l0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$340000

Residential For Sale

25 Chester Shore Drive, East Chester, NS B0J 1J0

More Details

6Bedroom(s)

7Bathroom(s)

DetachedParking(s)

37Picture(s)

9,535Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$5999000

Residential For Sale

25 Chester Shore Drive, East Chester, NS B0J 1J0

6Bedroom(s)

7Bathroom(s)

DetachedParking(s)

9,535Sqft

Listing courtesy of Duckworth Real Estate(Chester)

Here is the opportunity to own an extraordinary grand estate with stunning views of Mahone Bay Islands (Saddle, Graves, Mountain and Tancook) and the Atlantic Ocean beyond. The land elevation of the main house provides towering south easterly views, and the boathouse has incredible water scenery at ocean level with 170 feet of beach water frontage and an L shaped wharf for protected anchorage.

C$5999000

Residential For Sale

25 Chester Shore Drive, East Chester, NS B0J 1J0

Listing courtesy of Duckworth Real Estate(Chester)

6Bedroom(s)

7Bathroom(s)

C$5999000

Residential For Sale

283 Preakness Crescent, Fall River Ns B2t 1w8

More Details

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

41Picture(s)

4,575Sqft

Listing courtesy of Sutton Group Professional Realty

C$779000

Residential For Sale

283 Preakness Crescent, Fall River Ns B2t 1w8

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

4,575Sqft

Listing courtesy of Sutton Group Professional Realty

OPEN HOUSE 2-4 pm 26 JANUARY. Welcome to your dream home! This expansive and beautifully upgraded property truly has it all, and it is an ideal combination of comfort, functionality and style. Upper level features 4 spacious bedrooms including large primary suite with an en-suite bath and walk-in closet.

C$779000

Residential For Sale

283 Preakness Crescent, Fall River Ns B2t 1w8

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

4Bathroom(s)

C$779000

Residential For Sale

91 The Point Road, Blue Rocks Ns B0j 2c0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

42Picture(s)

1,888Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$350000

Residential For Sale

91 The Point Road, Blue Rocks Ns B0j 2c0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,888Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

A rare opportunity to own a charming piece of history in the picturesque village of Blue Rocks. Lovingly known as "The Lighthouse," this 2-bedroom, 1-bath home sits on a 0.33-acre parcel, offering breathtaking ocean views and endless potential. This project is calling all dreamers to bring your skills and creativity to bring this home back to life.

C$350000

Residential For Sale

91 The Point Road, Blue Rocks Ns B0j 2c0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

2Bedroom(s)

1Bathroom(s)

C$350000

Residential For Sale

46 Crowells Point Road, Barrington West Ns B0w 1e0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

41Picture(s)

1,344Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

C$379000

Residential For Sale

46 Crowells Point Road, Barrington West Ns B0w 1e0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,344Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

Charming three - bedroom , two-bathroom home is perfect for families seeking comfort and convenience. Nestled on a large beautifully landscaped lot with walk ways and boulder retaining walls , this property offers stunning curb appeal. Inside you'll find a thoughtfully designed kitchen with georgous cabinetry and ample storage space complemented by generous closets through out the home.

C$379000

Residential For Sale

46 Crowells Point Road, Barrington West Ns B0w 1e0

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

3Bedroom(s)

2Bathroom(s)

C$379000

Residential For Sale

29 Allans Lane, Valley Mills Ns B0e 2y0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

47Picture(s)

1,640Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$324000

Residential For Sale

29 Allans Lane, Valley Mills Ns B0e 2y0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,640Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

WELCOME to 29 Allans’s Lane, nestled into a unique and beautiful rural setting property on 2.08 treed acres. All this just seconds from River Denys and 20 mins to shopping in Whycocomagh. This split entry home has so much to offer, starting with a floor to ceiling window porch area, bringing in lots of natural light.

C$324000

Residential For Sale

29 Allans Lane, Valley Mills Ns B0e 2y0

Listing courtesy of RE/MAX County Line Realty Ltd.

4Bedroom(s)

2Bathroom(s)

C$324000

Residential For Sale

28 Franks Road, West Pubnico, NS B0W 3S0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

26Picture(s)

1,039Sqft

Listing courtesy of Modern Realty

C$375000

Residential For Sale

28 Franks Road, West Pubnico, NS B0W 3S0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,039Sqft

Listing courtesy of Modern Realty

Welcome to 28 Frank’s Road and country living at it’s best! Discover the charm of this stunning new bungalow, perfectly situated on over 2 acres of land. Enjoy the serene surroundings and privacy while being a short drive away from local amenities. This modern, move-in ready home has 2 bedrooms and 1.5 baths.

C$375000

Residential For Sale

28 Franks Road, West Pubnico, NS B0W 3S0

Listing courtesy of Modern Realty

2Bedroom(s)

2Bathroom(s)

C$375000

Residential For Sale

2367 Two Islands Road, Two Islands Ns B0m 1s0

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

50Picture(s)

1,512Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$149000

Residential For Sale

2367 Two Islands Road, Two Islands Ns B0m 1s0

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,512Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

OPPORTUNITY KNOCKS! Massive PRICE DROP! The assessment is $237,300 now listed $149,000. This is the perfect opportunity to finish the interior layout for you or for your family to enjoy.—These Stunning views await with the perfect sunsets. 2367 Two Island Road is a canvas for your dreams.

C$149000

Residential For Sale

2367 Two Islands Road, Two Islands Ns B0m 1s0

Listing courtesy of Century 21 Trident Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$149000

Residential For Sale

2960 Second Division Road, Concession Ns B0w 1m0

More Details

3Bedroom(s)

4Bathroom(s)

50Picture(s)

3,806Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

C$1125000

Residential For Sale

2960 Second Division Road, Concession Ns B0w 1m0

3Bedroom(s)

4Bathroom(s)

3,806Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

Lakefront Living on 12.6 Acres – 2960 Second Division Road Discover this private lakefront retreat at 2960 Second Division Road, offering 12.6 acres of tranquility with beautifully landscaped, low-maintenance perennial gardens. Enjoy the expansive yard with a pool area that provides stunning lake views, ideal for entertaining or relaxing.

C$1125000

Residential For Sale

2960 Second Division Road, Concession Ns B0w 1m0

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

3Bedroom(s)

4Bathroom(s)

C$1125000

4825 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

2249 Upper Branch Road, Midville Branch Ns B2r 1s2

Residential For Sale

Residential For Sale

Residential For Sale

12 Lakeshore Drive, Lyons Brook Ns B0k 1h0

Residential For Sale

Residential For Sale

Residential For Sale

167 Mcfetridge Road, Chaswood Ns B0n 2h0

Residential For Sale

Residential For Sale

Residential For Sale

8882 Highway 1, Meteghan River Ns B0w 2l0

Residential For Sale

Residential For Sale

Residential For Sale

25 Chester Shore Drive, East Chester, NS B0J 1J0

Residential For Sale

Residential For Sale

Residential For Sale

283 Preakness Crescent, Fall River Ns B2t 1w8

Residential For Sale

Residential For Sale

Residential For Sale

91 The Point Road, Blue Rocks Ns B0j 2c0

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.