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

83 Hebridean Drive, Herring Cove, NS B3V 1H3

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

48Picture(s)

1,465Sqft

Listing courtesy of Royal LePage Atlantic

C$699900

Residential For Sale

83 Hebridean Drive, Herring Cove, NS B3V 1H3

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,465Sqft

Listing courtesy of Royal LePage Atlantic

Set on nearly half an acre in the seaside community of Herring Cove, 83 Hebridean Drive is a home for buyers who appreciate character, craftsmanship, and spaces that feel curated rather than mass produced. Custom built and beautifully maintained, the home blends timeless charm with modern construction in a way that feels warm, rustic, and genuinely one of a kind.

C$699900

Residential For Sale

83 Hebridean Drive, Herring Cove, NS B3V 1H3

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$699900

Residential For Sale

44 Lakewood Drive Extension, Brooklyn, NS B0N 2A0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

1,360Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$549900

Residential For Sale

44 Lakewood Drive Extension, Brooklyn, NS B0N 2A0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,360Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome to 44 Lakewood Drive Extension in Brooklyn NS. This Well maintained one level bungalow, lovingly owned by the same family for 35 years, located at the end of a quiet cul-de-sac on 3.24 acres. This sweet country home offers 3 bedrooms and 1.5 baths with a functional, easy living layout.

C$549900

Residential For Sale

44 Lakewood Drive Extension, Brooklyn, NS B0N 2A0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

22 Highview Street, Port Hastings, NS B9A 1K8

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

26Picture(s)

1,060Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$197500

Residential For Sale

22 Highview Street, Port Hastings, NS B9A 1K8

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,060Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Welcome to 22 Highview St, this cozy 3 Bedroom, 1 Bath mini home with spacious addition is perfectly positioned to overlook the scenic Strait of Canso. Located in Port Hasting just off the rotary, this property offers both convenience and tranquility, and only 5 minutes from the town of Port Hawkesbury for your daily needs.

C$197500

Residential For Sale

22 Highview Street, Port Hastings, NS B9A 1K8

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$197500

Residential For Sale

388 Heatherton Village Road, Heatherton, NS B0H 1R0

More Details

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

24Picture(s)

2,000Sqft

Listing courtesy of Easy List Realty Ltd.

C$253000

Residential For Sale

388 Heatherton Village Road, Heatherton, NS B0H 1R0

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

2,000Sqft

Listing courtesy of Easy List Realty Ltd.

For more information, please click the "More Information" button. Beautifully Updated Home for Sale in Heatherton, NS. Welcome to this charming and well-maintained home located on a desirable corner lot in Heatherton.

C$253000

Residential For Sale

388 Heatherton Village Road, Heatherton, NS B0H 1R0

Listing courtesy of Easy List Realty Ltd.

4Bedroom(s)

1Bathroom(s)

C$253000

Residential For Sale

232/236 Victoria Street, Digby, NS B0V 1A0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

1,630Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$1895000

Residential For Sale

232/236 Victoria Street, Digby, NS B0V 1A0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,630Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Set high above the Bay of Fundy with ocean views, this exceptional estate offers a rare blend of refined residential living and proven hospitality income in one of Nova Scotia’s most vibrant tourism corridors. At its heart is a beautifully crafted, custom-built home and garage, thoughtfully designed to complement the surrounding landscape while delivering comfort, character, and everyday luxury.

C$1895000

Residential For Sale

232/236 Victoria Street, Digby, NS B0V 1A0

Listing courtesy of Royal LePage Atlantic (New Minas)

2Bedroom(s)

2Bathroom(s)

C$1895000

Residential For Sale

526 Main Street, Sydney Mines, NS B1V 2K6

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

37Picture(s)

1,048Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$119000

Residential For Sale

526 Main Street, Sydney Mines, NS B1V 2K6

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,048Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Welcome to 526 Main Street, Sydney Mines! This charming, move-in-ready home is located close to all amenities, and just minutes from local parks and the Marine Atlantic Ferry. Offering 1048 sqft of well-designed living space, this property is perfect for first-time buyers or those looking to downsize. The home features a functional eat-in kitchen, an open-concept living area, two bedrooms, and 1.

C$119000

Residential For Sale

526 Main Street, Sydney Mines, NS B1V 2K6

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

2Bedroom(s)

2Bathroom(s)

C$119000

Residential For Sale

1596 St. Margaret's Bay Road, Lakeside, NS B3T 1B2

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

39Picture(s)

1,455Sqft

Listing courtesy of RE/MAX Nova

C$429900

Residential For Sale

1596 St. Margaret's Bay Road, Lakeside, NS B3T 1B2

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,455Sqft

Listing courtesy of RE/MAX Nova

This versatile 3-bedroom, 2-bath home in the heart of Lakeside offers incredible Strategically located along the highly travelled St. Margaret’s Bay Road, this versatile commercial property at 1596 St. Margaret’s Bay Road offers exceptional visibility, accessibility, and flexibility for a wide range of business uses.

C$429900

Residential For Sale

1596 St. Margaret's Bay Road, Lakeside, NS B3T 1B2

Listing courtesy of RE/MAX Nova

3Bedroom(s)

2Bathroom(s)

C$429900

Residential For Sale

3828 Sissiboo Road, South Range, NS B0W 1H0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

49Picture(s)

825Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$195000

Residential For Sale

3828 Sissiboo Road, South Range, NS B0W 1H0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

825Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 3828 Sissiboo Road, South Range NS. Sitting on approximately 17.5 acres only 20 minutes from the town of Digby, this two bedroom off grid home awaits its new owners to make it their own. With multiple out buildings, a spacious barn (40x33) and fenced areas - this is a great location for homesteading, or someone looking to have a hobby farm.

C$195000

Residential For Sale

3828 Sissiboo Road, South Range, NS B0W 1H0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$195000

Residential For Sale

3387 Highway 1, Belliveaus Cove, NS B0W 3T0

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

40Picture(s)

3,020Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$849000

Residential For Sale

3387 Highway 1, Belliveaus Cove, NS B0W 3T0

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

3,020Sqft

Listing courtesy of RE/MAX Banner Real Estate

This oceanside custom home offers the very best of high-end quality finishes and efficiency on St. Mary's Bay in the historic Acadian community of Belliveaus Cove. The chef in you will love the large custom kitchen complete with an oversized quartz island, built-in wifi-enabled espresso machine, wine fridge, and more.

C$849000

Residential For Sale

3387 Highway 1, Belliveaus Cove, NS B0W 3T0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

3Bathroom(s)

C$849000

Residential For Sale

10 Porters Lane, Yarmouth, NS B5A 3S1

More Details

4Bedroom(s)

1Bathroom(s)

SingleParking(s)

14Picture(s)

840Sqft

Listing courtesy of The Real Estate Store

C$99900

Residential For Sale

10 Porters Lane, Yarmouth, NS B5A 3S1

4Bedroom(s)

1Bathroom(s)

SingleParking(s)

840Sqft

Listing courtesy of The Real Estate Store

10 Porters Lane sits in the Town of Yarmouth, within walking distance to amenities. The home offers 4 bedrooms and 1 full bathroom. The property requires work and updates, making it suitable for buyers looking for a project or investment opportunity.

C$99900

Residential For Sale

10 Porters Lane, Yarmouth, NS B5A 3S1

Listing courtesy of The Real Estate Store

4Bedroom(s)

1Bathroom(s)

C$99900

Residential For Sale

41 Murphy Lane, Vaughan, NS B0N 2T0

More Details

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

22Picture(s)

832Sqft

Listing courtesy of Exit Realty Metro

C$399900

Residential For Sale

41 Murphy Lane, Vaughan, NS B0N 2T0

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

832Sqft

Listing courtesy of Exit Realty Metro

This cozy 2 bedroom cottage sits on a private lot close to Ski Martock and only 45 minutes to Sackville. With year round access and deeded access to the lake. It has been a successfully run Airbnb for the past year. A covered and private back deck, large kitchen island for entertaining, updated appliances and plenty of parking are some of the great features this spot has to offer.

C$399900

Residential For Sale

41 Murphy Lane, Vaughan, NS B0N 2T0

Listing courtesy of Exit Realty Metro

2Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

6255 Grand Mira North Road, Grand Mira North, NS B1K 1N7

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

3,360Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$410000

Residential For Sale

6255 Grand Mira North Road, Grand Mira North, NS B1K 1N7

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,360Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Country living at its finest in Grand Mira North. This ranch-style home sits on a spacious 2.5-acre lot surrounded by mature trees and natural landscape, offering privacy while remaining conveniently located just 30 minutes from Sydney and only 10 minutes to Marion Bridge.

C$410000

Residential For Sale

6255 Grand Mira North Road, Grand Mira North, NS B1K 1N7

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

5Bedroom(s)

4Bathroom(s)

C$410000

3162 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

83 Hebridean Drive, Herring Cove, NS B3V 1H3

Residential For Sale

Residential For Sale

Residential For Sale

44 Lakewood Drive Extension, Brooklyn, NS B0N 2A0

Residential For Sale

Residential For Sale

Residential For Sale

22 Highview Street, Port Hastings, NS B9A 1K8

Residential For Sale

Residential For Sale

Residential For Sale

388 Heatherton Village Road, Heatherton, NS B0H 1R0

Residential For Sale

Residential For Sale

Residential For Sale

232/236 Victoria Street, Digby, NS B0V 1A0

Residential For Sale

Residential For Sale

Residential For Sale

526 Main Street, Sydney Mines, NS B1V 2K6

Residential For Sale

Residential For Sale

Residential For Sale

1596 St. Margaret's Bay Road, Lakeside, NS B3T 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.