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.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

33 Mcintyre Road, East Lawrencetown, NS B2Z 1P1

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

2,195Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$499900

Residential For Sale

33 Mcintyre Road, East Lawrencetown, NS B2Z 1P1

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,195Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Discover the perfect blend of coastal living and functional space in this charming 4-bedroom, 2-bathroom bungalow with inlaw suite potential, ideally situated to enjoy the best of the Eastern Shore. This property boasts deeded access to Porters Lake, offering serene water views and recreational opportunities right from your community.

C$499900

Residential For Sale

33 Mcintyre Road, East Lawrencetown, NS B2Z 1P1

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

9 Haliburton Crescent, Stillwater Lake, NS B3Z 1P1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,563Sqft

Listing courtesy of Red Door Realty

C$749900

Residential For Sale

9 Haliburton Crescent, Stillwater Lake, NS B3Z 1P1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,563Sqft

Listing courtesy of Red Door Realty

9 Stillwater Crescent is an exceptional 3+1 bed, 3.5 bath home that offers comfort, flexibility, and privacy in a desirable neighbourhood. The bright kitchen features refaced cabinetry and plenty of workspace. The tranquil living room and separate dining room are ideal for entertaining. The primary suite includes a large walk-in closet and ensuite bath, a true retreat.

C$749900

Residential For Sale

9 Haliburton Crescent, Stillwater Lake, NS B3Z 1P1

Listing courtesy of Red Door Realty

4Bedroom(s)

4Bathroom(s)

C$749900

Residential For Sale

113 Ceilidh Lane, Lismore, NS B0K 1B0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

44Picture(s)

580Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$229000

Residential For Sale

113 Ceilidh Lane, Lismore, NS B0K 1B0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

580Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Oceanfront Cottage in Lismore! Escape to this charming oceanfront cottage offering over a half acre of land and 85 feet of shoreline with picturesque oceanfront view. Imagine adding steps going down to the sandy beach! Immerse yourself in the tranquil beauty of the ocean with breathtaking views from every angle.

C$229000

Residential For Sale

113 Ceilidh Lane, Lismore, NS B0K 1B0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

12 Joshua Street, Enfield, NS B2T 1K4

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

22Picture(s)

784Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$239900

Residential For Sale

12 Joshua Street, Enfield, NS B2T 1K4

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

784Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

AFFORDABLE! Welcome to Enfield Estates. This charming 2-bedroom, 1-bath mini home offers comfort, convenience and an unbeatable location. Perfectly situated just 1 minute from Highway 102 access, making your daily commute a breeze. Just a 4 minute drive to the airport, 20-minutes to either Halifax-Dartmouth or Stewiacke.

C$239900

Residential For Sale

12 Joshua Street, Enfield, NS B2T 1K4

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

1Bathroom(s)

C$239900

Residential For Sale

721 Indian Road, Nine Mile River, NS B2S 3E4

More Details

4Bedroom(s)

3Bathroom(s)

OtherParking(s)

50Picture(s)

2,850Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$729900

Residential For Sale

721 Indian Road, Nine Mile River, NS B2S 3E4

4Bedroom(s)

3Bathroom(s)

OtherParking(s)

2,850Sqft

Listing courtesy of Viewpoint Realty Services Inc.

39 ACRE hobby farm with house, barn and fields with easy commutes to Airport, Halifax and Truro. The 37 year old well-built 4 bed, 3 full bath home has a newer steel roof and 2800 square feet of living space. You will love the hardwood floors, fireplace, large rooms, bright country kitchen and finished basement with rec room, cold storage and basement walk-out.

C$729900

Residential For Sale

721 Indian Road, Nine Mile River, NS B2S 3E4

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

3Bathroom(s)

C$729900

Residential For Sale

41 School Street, Lower West Pubnico, NS B0W 2C0

More Details

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

28Picture(s)

1,603Sqft

Listing courtesy of Modern Realty

C$237000

Residential For Sale

41 School Street, Lower West Pubnico, NS B0W 2C0

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,603Sqft

Listing courtesy of Modern Realty

Charming Versatile Home in Lower West Pubnico, Nova Scotia – Nature and Ocean View Retreat! Discover this beautifully located home offering stunning ocean views in Lower West Pubnico. Perfectly suited for a variety of lifestyles, this property is an ideal starter home, a spacious family retreat, a relaxing vacation spot, or a downsizing opportunity.

C$237000

Residential For Sale

41 School Street, Lower West Pubnico, NS B0W 2C0

Listing courtesy of Modern Realty

3Bedroom(s)

2Bathroom(s)

C$237000

Residential For Sale

5845 Inglewood Drive, Halifax, NS B3H 1B2

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

47Picture(s)

3,494Sqft

Listing courtesy of Bryant Realty Atlantic

C$1999000

Residential For Sale

5845 Inglewood Drive, Halifax, NS B3H 1B2

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

3,494Sqft

Listing courtesy of Bryant Realty Atlantic

A rare opportunity to live on coveted Inglewood Drive in Halifax’s deep South End. This move-in-ready 1.5 storey home sits on an oversized 12,347 sq. ft. ER-3 lot—nearly double the typical size—and offers beautiful Northwest Arm views, abundant natural light, and exceptional privacy.

C$1999000

Residential For Sale

5845 Inglewood Drive, Halifax, NS B3H 1B2

Listing courtesy of Bryant Realty Atlantic

4Bedroom(s)

3Bathroom(s)

C$1999000

Residential For Sale

772 Division Road, Pictou, NS B0K 1H0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

46Picture(s)

1,751Sqft

Listing courtesy of Sutton Group Professional Realty

C$299900

Residential For Sale

772 Division Road, Pictou, NS B0K 1H0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,751Sqft

Listing courtesy of Sutton Group Professional Realty

Fabulous and very well maintained 3 bdm home with a very large, impressive, detached garage (44 x 24) nestled in a peaceful, natural setting just minutes from the scenic Pictou waterfront, parks and beaches, offers the perfect blend of privacy, comfort and value.

C$299900

Residential For Sale

772 Division Road, Pictou, NS B0K 1H0

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

47 Borden Street, Glace Bay, NS B1A 1Y2

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

30Picture(s)

1,015Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$224900

Residential For Sale

47 Borden Street, Glace Bay, NS B1A 1Y2

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,015Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to your new home on one of Glace Bay’s most beautiful and quiet residential streets — a perfect blend of comfort, charm, and opportunity. This move-in ready property offers everything today’s buyer is looking for, with a detached garage, heat pumps, double paved driveway, and large backyard.

C$224900

Residential For Sale

47 Borden Street, Glace Bay, NS B1A 1Y2

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

1Bathroom(s)

C$224900

Residential For Sale

300 Lane Cross Road, Lanesville, NS B0N 2J0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

45Picture(s)

896Sqft

Listing courtesy of Hants Realty Ltd.

C$489900

Residential For Sale

300 Lane Cross Road, Lanesville, NS B0N 2J0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

896Sqft

Listing courtesy of Hants Realty Ltd.

Discover the potential of country living with this 60+ acre property at 300 Lane Cross Road in Lanesville, featuring a bungalow, a large wired garage (2020), and a spacious two-level barn. The home has seen many recent improvements including a new 18' dug well, new septic system, updated insulation, new electrical panel and service connection, electric heater and some newer propane appliances.

C$489900

Residential For Sale

300 Lane Cross Road, Lanesville, NS B0N 2J0

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$489900

Residential For Sale

424 Birch Hill Drive, Sydney, NS B1P 3V9

More Details

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

14Picture(s)

962Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$239900

Residential For Sale

424 Birch Hill Drive, Sydney, NS B1P 3V9

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

962Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

Don't overlook this affordable, very appealing and well maintained 2 bedroom bungalow in desirable Ashby neighbourhood!!! Hardwood floors in open dining room - living room. Extra spacious primary bedroom. Numerous improvements and repairs: windows, vinyl siding and insulation installed under siding & attic , electrical upgrade, recent painting throughout main floor and more.

C$239900

Residential For Sale

424 Birch Hill Drive, Sydney, NS B1P 3V9

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

2Bedroom(s)

1Bathroom(s)

C$239900

Residential For Sale

15614 Highway 224, Cooks Brook, NS B0N 2H0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

37Picture(s)

1,512Sqft

Listing courtesy of Century 21 Optimum Realty

C$325000

Residential For Sale

15614 Highway 224, Cooks Brook, NS B0N 2H0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,512Sqft

Listing courtesy of Century 21 Optimum Realty

Rare opportunity to own 32.5 acres of versatile land in Cooks Brook, NS with highly desirable MU (Mixed Use) zoning offering endless possibilities.

C$325000

Residential For Sale

15614 Highway 224, Cooks Brook, NS B0N 2H0

Listing courtesy of Century 21 Optimum Realty

3Bedroom(s)

2Bathroom(s)

C$325000

4748 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

33 Mcintyre Road, East Lawrencetown, NS B2Z 1P1

Residential For Sale

Residential For Sale

Residential For Sale

9 Haliburton Crescent, Stillwater Lake, NS B3Z 1P1

Residential For Sale

Residential For Sale

Residential For Sale

113 Ceilidh Lane, Lismore, NS B0K 1B0

Residential For Sale

Residential For Sale

Residential For Sale

12 Joshua Street, Enfield, NS B2T 1K4

Residential For Sale

Residential For Sale

Residential For Sale

721 Indian Road, Nine Mile River, NS B2S 3E4

Residential For Sale

Residential For Sale

Residential For Sale

41 School Street, Lower West Pubnico, NS B0W 2C0

Residential For Sale

Residential For Sale

Residential For Sale

5845 Inglewood Drive, Halifax, NS B3H 1B2

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.