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

50 Rosewood Drive, Amherst Ns B4h 4s6

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

35Picture(s)

1,184Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$264900

Residential For Sale

50 Rosewood Drive, Amherst Ns B4h 4s6

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,184Sqft

Listing courtesy of Coldwell Banker Performance Realty

THREE YEAR-OLD MINI-HOME! This mini-home features 1184 square feet of living space with beautiful floor to ceiling windows allowing for the most natural light possible. Entering through the main door you enter into a large mudroom with built-in bench and storage, double closet and laundry area. Continuing into the main living space you will find an open concept dining, kitchen and living room.

C$264900

Residential For Sale

50 Rosewood Drive, Amherst Ns B4h 4s6

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$264900

Residential For Sale

1241 Highway 201, Round Hill Ns B0s 1a0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

1,200Sqft

Listing courtesy of RE/MAX Nova

C$429900

Residential For Sale

1241 Highway 201, Round Hill Ns B0s 1a0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,200Sqft

Listing courtesy of RE/MAX Nova

Welcome home to 1241 Highway 201, located in the beautiful heart of Round Hill, Nova Scotia.

C$429900

Residential For Sale

1241 Highway 201, Round Hill Ns B0s 1a0

Listing courtesy of RE/MAX Nova

3Bedroom(s)

3Bathroom(s)

C$429900

Residential For Sale

1195 Highway 335, Middle West Pubnico Ns B0w 2m0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

36Picture(s)

1,416Sqft

Listing courtesy of Modern Realty

C$279000

Residential For Sale

1195 Highway 335, Middle West Pubnico Ns B0w 2m0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,416Sqft

Listing courtesy of Modern Realty

Charming Oceanfront Bungalow in Pubnico! Discover coastal tranquility with this 4-bedroom, 1.5-bath bungalow set on 1.5 acres of oceanfront property in Pubnico. Take a walk to the shore and enjoy harbour views while the house offers a blend of comfort and modern amenities.

C$279000

Residential For Sale

1195 Highway 335, Middle West Pubnico Ns B0w 2m0

Listing courtesy of Modern Realty

4Bedroom(s)

2Bathroom(s)

C$279000

Residential For Sale

5226 Hwy #3, Shag Harbour Ns B0w 3b0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

3,300Sqft

Listing courtesy of East Bay Realty Ltd.

C$850000

Residential For Sale

5226 Hwy #3, Shag Harbour Ns B0w 3b0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,300Sqft

Listing courtesy of East Bay Realty Ltd.

This listing is made up of 3 properties to give a total acreage of 21.73 acres +/-. The home is a two storey Cape Cod style. It is 23 years old and built by the seller. The home sits high on a hill and has a beautiful ocean view across the road. The large back patio has space for a family gathering or maybe you just want to relax and watch the wild deer that abound in the area.

C$850000

Residential For Sale

5226 Hwy #3, Shag Harbour Ns B0w 3b0

Listing courtesy of East Bay Realty Ltd.

3Bedroom(s)

3Bathroom(s)

C$850000

Residential For Sale

1487 Southside Harbour Road, Southside Harbour Ns B2g 2l4

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

33Picture(s)

4,903Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

C$1890000

Residential For Sale

1487 Southside Harbour Road, Southside Harbour Ns B2g 2l4

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,903Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

ATTENTION GOLFERS! THE GORGEOUS INVERNESS GOLF COURSES ARE ONLY AN HOUR AND A BIT AWAY!!! A feeling of peace & serenity descend as you approach this exquisite estate situated on 26.7 very private harbourfront acres in the sought-after location of Southside Harbour, approx. 10 minutes from Antigonish. Birds sing joyfully while deer & fawn graze nearby.

C$1890000

Residential For Sale

1487 Southside Harbour Road, Southside Harbour Ns B2g 2l4

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

3Bedroom(s)

4Bathroom(s)

C$1890000

Residential For Sale

1617 Highway 308, Surettes Island Ns B0w 3m0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,365Sqft

Listing courtesy of Modern Realty

C$299900

Residential For Sale

1617 Highway 308, Surettes Island Ns B0w 3m0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,365Sqft

Listing courtesy of Modern Realty

Welcome to 1617 Highway 308 in Surette’s Island. This warm and cozy 2 level ocean view home was designed and built in 1978 and is now being offered for sale by its original owner. Attention to detail and great care was clearly taken to create a property to be proud of.

C$299900

Residential For Sale

1617 Highway 308, Surettes Island Ns B0w 3m0

Listing courtesy of Modern Realty

3Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

7656 Shore Road, Hampton Ns B0s 1c0

More Details

SingleParking(s)

29Picture(s)

1,600Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$475000

Residential For Sale

7656 Shore Road, Hampton Ns B0s 1c0

SingleParking(s)

1,600Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

Nature abounds on this large acreage near the rugged shoreline of the Bay of Fundy. On offer is a 152-acre property, mostly old growth forest, with a traditional forestry road winding its entire length. Here the new owner will have a place to escape from the cares of this modern world and to enjoy the tranquil peace and beauty of a rural oasis.

C$475000

Residential For Sale

7656 Shore Road, Hampton Ns B0s 1c0

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$475000

Residential For Sale

17096 316 Highway, Country Harbour Mines Ns B0h 1j0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

30Picture(s)

1,779Sqft

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

C$165000

Residential For Sale

17096 316 Highway, Country Harbour Mines Ns B0h 1j0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,779Sqft

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

NESTLED AMONGST MATURE TREES AND SHRUBS THIS THREE BEDROOM HOME IS AN IDEAL STARTER HOME OR COTTAGE. LOCATED DIRECTLY ACROSS FROM COUNTRY HARBOUR RIVER MAKES FOR A GREAT SWIMMING HOLE IN THE SUMMER. OPEN CONCEPT KITCHEN AND DINING GIVES GREAT SPACE FOR MEALS WITH THE FAMILY. TWO SMALL DECKS ON FRONT OF THE HOUSE ALLOW YOU TO SIT AND ENJOY THE PEACEFUL DAYS OF SUMMER.

C$165000

Residential For Sale

17096 316 Highway, Country Harbour Mines Ns B0h 1j0

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

3Bedroom(s)

1Bathroom(s)

C$165000

Residential For Sale

3767 Sonora Road, Sherbrooke Ns B0j 3c0

More Details

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

1,044Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

C$649900

Residential For Sale

3767 Sonora Road, Sherbrooke Ns B0j 3c0

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,044Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

Located only 2 km from Historic Sherbrooke Village, this 2.3-acre waterfront property has extraordinary potential for residential or commercial use. Currently used as a 1 BR home, this level property was originally developed for a campground/marina.

C$649900

Residential For Sale

3767 Sonora Road, Sherbrooke Ns B0j 3c0

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

1Bedroom(s)

1Bathroom(s)

C$649900

Residential For Sale

605-shore Road Road, Little Judique Harbour Ns B0e 1p0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,600Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$800000

Residential For Sale

605-shore Road Road, Little Judique Harbour Ns B0e 1p0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,600Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

A truly stunning home, waterfront location, modern amenities and picturesque surroundings sure make this location a wonderful place to live! This impressive, two bedroom home boasts an ideal waterfront location close to the beach and all area amenities.

C$800000

Residential For Sale

605-shore Road Road, Little Judique Harbour Ns B0e 1p0

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

2Bedroom(s)

2Bathroom(s)

C$800000

Residential For Sale

172 Highway 1, Smiths Cove Ns B0s 1s0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,514Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$299000

Residential For Sale

172 Highway 1, Smiths Cove Ns B0s 1s0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,514Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 172 Smiths Cove, this stunning property offers a prime location in Smith's Cove on 3 acres and very close to the town of Digby. Breathtaking views overlooking the Digby Basin and home to its captivating sunsets. This home has been recently renovated and has a bright, clean, spacious and modern interior. It features an open kitchen and dining room, 3 bedrooms and 1.5 bathrooms.

C$299000

Residential For Sale

172 Highway 1, Smiths Cove Ns B0s 1s0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

781 Salem Road, Enon Ns B1j 1w3

More Details

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

28Picture(s)

1,305Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$369000

Residential For Sale

781 Salem Road, Enon Ns B1j 1w3

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,305Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

This is one of the most unique properties on the market. This log home had wood used from the owner's site and local community. The home has a unique design and would make a great home or summer home to make incredible memories for your family. Open concept kitchen and dining and sitting area. Lots of room to sit and chat while preparing meals and to sit and enjoy the warmth of your wood stove.

C$369000

Residential For Sale

781 Salem Road, Enon Ns B1j 1w3

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

2Bathroom(s)

C$369000

4641 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

50 Rosewood Drive, Amherst Ns B4h 4s6

Residential For Sale

Residential For Sale

Residential For Sale

1241 Highway 201, Round Hill Ns B0s 1a0

Residential For Sale

Residential For Sale

Residential For Sale

1195 Highway 335, Middle West Pubnico Ns B0w 2m0

Residential For Sale

Residential For Sale

Residential For Sale

5226 Hwy #3, Shag Harbour Ns B0w 3b0

Residential For Sale

Residential For Sale

Residential For Sale

1487 Southside Harbour Road, Southside Harbour Ns B2g 2l4

Residential For Sale

Residential For Sale

Residential For Sale

1617 Highway 308, Surettes Island Ns B0w 3m0

Residential For Sale

Residential For Sale

Residential For Sale

7656 Shore Road, Hampton Ns B0s 1c0

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.