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

134 High Street, Pictou, NS B0K 1H0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

40Picture(s)

3,288Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$565900

Residential For Sale

134 High Street, Pictou, NS B0K 1H0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,288Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to the historic town of Pictou! Home of the Ship Hector, DeCoste Theatre of Performing Arts, waterfront kiosks, marinas and the Jitney Trail. This is a tourist destination and a wonderful place to call home. Built by Atlantic Pearl Homes in 2024, this executive home has full ICF construction (Integrated Concrete Form) – with R values of R-40.

C$565900

Residential For Sale

134 High Street, Pictou, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

4Bathroom(s)

C$565900

Residential For Sale

7 Faulkner Street, Harbourview, NS B3A 3A1

More Details

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

21Picture(s)

1,300Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

C$399900

Residential For Sale

7 Faulkner Street, Harbourview, NS B3A 3A1

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,300Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

This home is in one of the most convenient locations in Old Dartmouth. Bike or walk to Alderney Landing, featuring the Farmers’ Market, Evans Seafood (a sit-down/take-out resto & fresh fish sales), Obees produce shop, an art gallery, The Wooden Monkey Resto, and so much more. It’s an even shorter walk to grocery & pharmacy outlets, & several parks & playgrounds.

C$399900

Residential For Sale

7 Faulkner Street, Harbourview, NS B3A 3A1

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

4Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

335 Newlands Avenue, Sydney, NS B1S 1Z3

More Details

2Bedroom(s)

4Bathroom(s)

SingleParking(s)

50Picture(s)

2,407Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$389500

Residential For Sale

335 Newlands Avenue, Sydney, NS B1S 1Z3

2Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,407Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Introducing 335 Newlands Avenue, Sydney - Spacious, Stylish & Family Ready! Located in a highly desired family neighborhood, this spacious and well maintained home offers over 2,400 sq ft of charm and functionality, perfect for growing families or anyone craving space and comfort.

C$389500

Residential For Sale

335 Newlands Avenue, Sydney, NS B1S 1Z3

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

2Bedroom(s)

4Bathroom(s)

C$389500

Residential For Sale

19 Peck Street, Sydney Mines, NS B1V 1V2

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

20Picture(s)

864Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$180000

Residential For Sale

19 Peck Street, Sydney Mines, NS B1V 1V2

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

864Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to 19 Peck St, a 3 bedroom and 1 bath home all on one level. Excellent location in walking distance to the water. This home sits on an oversized lot and would make for a great home for potential buyers. Everything is on one level, step inside the side door and you are greeted to a nice eat in kitchen with laundry tucked away in this space.

C$180000

Residential For Sale

19 Peck Street, Sydney Mines, NS B1V 1V2

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

1Bathroom(s)

C$180000

Residential For Sale

2149 Cowan Street, Westville, NS B0K 2A0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

20Picture(s)

984Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$189900

Residential For Sale

2149 Cowan Street, Westville, NS B0K 2A0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

984Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Affordable 1.5 storey home in Westville! This cozy property offers a deep backyard with a handy shed/workshop and house has a durable metal roof already in place. Enjoy mornings and evenings on the covered front porch. Inside, you’ll find two bedrooms, including one with an additional bonus room perfect for a sitting area, office, or oversized walk-in closet.

C$189900

Residential For Sale

2149 Cowan Street, Westville, NS B0K 2A0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$189900

Residential For Sale

Lot 22-2 Clearway Street, Mahone Bay, NS B0J 2E0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

24Picture(s)

2,336Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$899000

Residential For Sale

Lot 22-2 Clearway Street, Mahone Bay, NS B0J 2E0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,336Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Built by Dolce Vita Construction, this inviting country-style home plan blends charm and function with an expansive covered front porch, classic gabled rooflines, and timeless curb appeal. Inside, you'll find a thoughtfully designed split-bedroom layout featuring four bedrooms and two-and-a-half baths, plus an optional bonus room above the garage.

C$899000

Residential For Sale

Lot 22-2 Clearway Street, Mahone Bay, NS B0J 2E0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

3Bathroom(s)

C$899000

Residential For Sale

10198 Grenville Street, St. Peters, NS B0E 3B0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

37Picture(s)

936Sqft

Listing courtesy of Engel & Volkers

C$330000

Residential For Sale

10198 Grenville Street, St. Peters, NS B0E 3B0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

936Sqft

Listing courtesy of Engel & Volkers

Whether you’re watching the sun rise over the beautiful Bras D’Or from the front porch, or winding down your day in your spacious living room where a crackling fire creates the most inviting atmosphere, you will fall in love with this property again and again. Perched atop a hillside in the quaint costal town of St. Peter’s, the home truly feels like a retreat from the noise of daily life.

C$330000

Residential For Sale

10198 Grenville Street, St. Peters, NS B0E 3B0

Listing courtesy of Engel & Volkers

2Bedroom(s)

2Bathroom(s)

C$330000

Residential For Sale

97 Nauss Point Road, Chester, NS B0J 1J0

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,548Sqft

Listing courtesy of EXIT Realty Inter Lake

C$1150000

Residential For Sale

97 Nauss Point Road, Chester, NS B0J 1J0

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,548Sqft

Listing courtesy of EXIT Realty Inter Lake

Welcome to this beautifully reimagined 5-bedroom, 3-bath home in the heart of Chester, NS— perfectly positioned to capture unobstructed views of Chandler’s Cove, the Chester Golf Club, and the iconic Front Harbour. This exceptional property blends modern comfort with classic coastal charm, offering an ideal retreat in one of Nova Scotia’s most sought-after seaside communities.

C$1150000

Residential For Sale

97 Nauss Point Road, Chester, NS B0J 1J0

Listing courtesy of EXIT Realty Inter Lake

5Bedroom(s)

3Bathroom(s)

C$1150000

Residential For Sale

19 Ash Road, Thorburn, NS B0K 1W0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

29Picture(s)

930Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$219500

Residential For Sale

19 Ash Road, Thorburn, NS B0K 1W0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

930Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to 19 Ash Road in the heart of Thorburn—a charming 1.5-storey home set at the end of a quiet road, offering both privacy and convenience just moments from Thorburn Elementary. Inside, you’ll find a comfortable layout with 2 generously sized bedrooms, great closet space, and 1 full bath, making the home feel larger than expected.

C$219500

Residential For Sale

19 Ash Road, Thorburn, NS B0K 1W0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$219500

Residential For Sale

1070 J Jordan Road, Canning, NS B0P 1H0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

31Picture(s)

1,527Sqft

Listing courtesy of Exit Realty Town & Country

C$299900

Residential For Sale

1070 J Jordan Road, Canning, NS B0P 1H0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,527Sqft

Listing courtesy of Exit Realty Town & Country

Located in the heart of the charming village of Canning, this well-maintained semi-detached home offers the perfect blend of comfort, convenience and community. Just steps away from Glooscap Elementary School and the Canning Arena and only Minutes from Northeast Kings Education Center, this home is ideally situated for families .

C$299900

Residential For Sale

1070 J Jordan Road, Canning, NS B0P 1H0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

20Picture(s)

992Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$224900

Residential For Sale

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

992Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to 21 Wagner Drive, a beautifully maintained 2 bedroom, 2 bathroom home located in the sought-after Century Park community in Middle Sackville. This inviting property offers exceptional value, modern comfort, all within close proximity of local amenities, schools, shopping, and transit.

C$224900

Residential For Sale

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

Listing courtesy of Viewpoint Realty Services Inc.

2Bedroom(s)

2Bathroom(s)

C$224900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3Picture(s)

2,520Sqft

Listing courtesy of PLUMB LINE REALTY INC. - 12234

C$629900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,520Sqft

Listing courtesy of PLUMB LINE REALTY INC. - 12234

Start the new year in your gorgeous new home nearing completion! This very large, super bright, brand new semi-detached home is 2520 sqft on a corner lot with private side entrance and double paved driveway making it look like a large detached home from the street. Enter the inviting front porch to a lovely foyer with designer tile flooring.

C$629900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

Listing courtesy of PLUMB LINE REALTY INC. - 12234

3Bedroom(s)

4Bathroom(s)

C$629900

4113 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

134 High Street, Pictou, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

7 Faulkner Street, Harbourview, NS B3A 3A1

Residential For Sale

Residential For Sale

Residential For Sale

335 Newlands Avenue, Sydney, NS B1S 1Z3

Residential For Sale

Residential For Sale

Residential For Sale

19 Peck Street, Sydney Mines, NS B1V 1V2

Residential For Sale

Residential For Sale

Residential For Sale

2149 Cowan Street, Westville, NS B0K 2A0

Residential For Sale

Residential For Sale

Residential For Sale

Lot 22-2 Clearway Street, Mahone Bay, NS B0J 2E0

Residential For Sale

Residential For Sale

Residential For Sale

10198 Grenville Street, St. Peters, NS B0E 3B0

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.