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

29 Edward Street, Plymouth, NS B0K 1S0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

1,441Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$249000

Residential For Sale

29 Edward Street, Plymouth, NS B0K 1S0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,441Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this charming 1.5-story home, offering comfort, space, and an ideal location just 5 minutes from Stellarton and 10 minutes to New Glasgow. Nestled on a generous 20,000 square foot lot, this updated property features three spacious bedrooms, two full baths, and a close all amenities.

C$249000

Residential For Sale

29 Edward Street, Plymouth, NS B0K 1S0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$249000

Residential For Sale

516 Purves Street, North Sydney, NS B2A 1E2

More Details

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

50Picture(s)

3,750Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$559999

Residential For Sale

516 Purves Street, North Sydney, NS B2A 1E2

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

3,750Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

This stunning house offers a unique blend of luxury and charm, perfect for those seeking a serene waterfront lifestyle. Situated on the second level, the large balcony provides breathtaking views of the water, creating a picturesque backdrop for relaxation and entertainment. The property boasts meticulously groomed and well-landscaped grounds, enhancing the overall appeal of the exterior.

C$559999

Residential For Sale

516 Purves Street, North Sydney, NS B2A 1E2

Listing courtesy of Coldwell Banker Boardwalk Realty

4Bedroom(s)

2Bathroom(s)

C$559999

Residential For Sale

7734 Kempt Head Road, Kempt Head, NS B1X 1S1

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

50Picture(s)

1,400Sqft

Listing courtesy of Harvey Realties Limited

C$229000

Residential For Sale

7734 Kempt Head Road, Kempt Head, NS B1X 1S1

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

1,400Sqft

Listing courtesy of Harvey Realties Limited

This property is a real gem if you’re looking for a year-round home in a country setting on Cape Breton Island! The property is located near the tip of Kempt Head, on beautiful Boularderie Island, and features five lovely acres with plenty of privacy, and a beautiful view! Boularderie is a nice, quiet rural Community, not far from local amenities (40 minutes drive to the Town of North Sydney,

C$229000

Residential For Sale

7734 Kempt Head Road, Kempt Head, NS B1X 1S1

Listing courtesy of Harvey Realties Limited

2Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

54 Bomber Drive, Bible Hill, NS B2N 2W6

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

25Picture(s)

952Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$149000

Residential For Sale

54 Bomber Drive, Bible Hill, NS B2N 2W6

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

952Sqft

Listing courtesy of RE/MAX Fairlane Realty

Affordable Mini Home in Bible Hill Estates! Welcome to this well-kept 3-bedroom, 1-bath mini home in the heart of Bible Hill Estates. With a bright and spacious layout, this home offers a large eat-in kitchen with plenty of counter space, plus fridge and stove included. The open-concept living and dining area makes it easy to entertain or enjoy family time.

C$149000

Residential For Sale

54 Bomber Drive, Bible Hill, NS B2N 2W6

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

1Bathroom(s)

C$149000

Residential For Sale

386 Welsford Street, Pictou, NS B0K 1H0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

34Picture(s)

1,638Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$189900

Residential For Sale

386 Welsford Street, Pictou, NS B0K 1H0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,638Sqft

Listing courtesy of RE/MAX Fairlane Realty

This 3 bedroom, 1 bath home is brimming with potential and ready for its next chapter. With solid bones and a layout that just needs some cosmetic updates, it's the perfect project for those looking to add value and make it their own.

C$189900

Residential For Sale

386 Welsford Street, Pictou, NS B0K 1H0

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

1Bathroom(s)

C$189900

Residential For Sale

6244 Highway 337, Ballantynes Cove, NS B2G 2L2

More Details

4Bedroom(s)

2Bathroom(s)

10Picture(s)

1,250Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$199000

Residential For Sale

6244 Highway 337, Ballantynes Cove, NS B2G 2L2

4Bedroom(s)

2Bathroom(s)

1,250Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

Located in the tiny fishing village of Ballantynes Cove with a view of St. George`s Bay, this two storey home could be a great summer residence or permanent home. The home has had extensive upgrades over time New furnace and hot water tank installed this year. A barn and shed are on site for lots of storage space.

C$199000

Residential For Sale

6244 Highway 337, Ballantynes Cove, NS B2G 2L2

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

4Bedroom(s)

2Bathroom(s)

C$199000

Residential For Sale

70 Oakdene Avenue, Kentville, NS B4N 2B9

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

38Picture(s)

1,110Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$374900

Residential For Sale

70 Oakdene Avenue, Kentville, NS B4N 2B9

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,110Sqft

Listing courtesy of EXP Realty of Canada Inc.

Discover the perfect blend of timeless character and modern comfort in this charming Annapolis Valley home. Inside, a bright and refreshed kitchen and bathroom pair beautifully with vintage details that tell the story of the home’s past with graceful crown moulding, wide baseboards, a striking staircase, and a cozy wood stove that anchors the home.

C$374900

Residential For Sale

70 Oakdene Avenue, Kentville, NS B4N 2B9

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

1Bathroom(s)

C$374900

Residential For Sale

441 Peter's Drive, Upper Ohio, NS B9T 1W0

More Details

2Bedroom(s)

1Bathroom(s)

24Picture(s)

750Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

C$265000

Residential For Sale

441 Peter's Drive, Upper Ohio, NS B9T 1W0

2Bedroom(s)

1Bathroom(s)

750Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

Log construction, Chalet style 2 bedroom cottage sitting just feet from Back Lake. Ready for new owner to enjoy the absolute peace and quiet and beauty that comes from ownership of this cottage. Dug well (not dry at time of listing), approved septic with alarm, underground wiring. Furniture and articles in the cottage are to remain.

C$265000

Residential For Sale

441 Peter's Drive, Upper Ohio, NS B9T 1W0

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

2Bedroom(s)

1Bathroom(s)

C$265000

Residential For Sale

49 Pinetree Crescent, Hammonds Plains, NS B3Z 1K4

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

38Picture(s)

2,270Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$489900

Residential For Sale

49 Pinetree Crescent, Hammonds Plains, NS B3Z 1K4

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,270Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to 49 Pinetree Crescent, a charming five-bedroom, two-bathroom side split in the highly desirable Highland Park neighborhood. This home truly has it all, from its fantastic location to its beautifully updated interior. Step inside the main level to find a bright living room bathed in natural light from a large picture window, centered around a cozy feature wall / electric fireplace.

C$489900

Residential For Sale

49 Pinetree Crescent, Hammonds Plains, NS B3Z 1K4

Listing courtesy of Century 21 Trident Realty Ltd.

5Bedroom(s)

2Bathroom(s)

C$489900

Residential For Sale

23 Lancaster Drive, Halifax, NS B3S 1E7

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

4,254Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$939900

Residential For Sale

23 Lancaster Drive, Halifax, NS B3S 1E7

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,254Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Ever dreamed of living in a lottery home? This is your chance! Welcome to 23 Lancaster Drive, a stunning former QEII Lottery Dream Home located in the highly desirable community of Clayton Park West. Expertly crafted and meticulously maintained, this home offers over 4,200sq.ft. of fully finished living space across three levels—perfect for growing families or multigenerational living.

C$939900

Residential For Sale

23 Lancaster Drive, Halifax, NS B3S 1E7

Listing courtesy of RE/MAX Nova (Halifax)

5Bedroom(s)

4Bathroom(s)

C$939900

Residential For Sale

894 Morden Road, Weltons Corner, NS B0P 1C0

More Details

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

47Picture(s)

2,794Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$1700000

Residential For Sale

894 Morden Road, Weltons Corner, NS B0P 1C0

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,794Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Exceptional 55-Acre Farm in Nova Scotia's Annapolis Valley – Two Homes, In-Ground Pool & Premium Farming Infrastructure. Discover an extraordinary opportunity to own a sprawling 145-acre farm in the heart of Nova Scotia's picturesque Annapolis Valley. This rare offering features two charming homes, one of which has an in-ground pool (pool will need to be repaired).

C$1700000

Residential For Sale

894 Morden Road, Weltons Corner, NS B0P 1C0

Listing courtesy of RE/MAX Nova (Halifax)

5Bedroom(s)

3Bathroom(s)

C$1700000

Residential For Sale

128 Orchid Court, Middle Sackville, NS B4E 0S4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2Picture(s)

1,846Sqft

Listing courtesy of Royal LePage Atlantic

C$799900

Residential For Sale

128 Orchid Court, Middle Sackville, NS B4E 0S4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,846Sqft

Listing courtesy of Royal LePage Atlantic

Stunning New Construction Bungalow in Indigo Shores – Built by Kahill Custom Homes. Experience quality craftsmanship and effortless single-level living in a beautifully designed stair-free bungalow. Nestled on a generous 1.54-acre lot in the prestigious community of Indigo Shores, this home perfectly blends style, comfort, and function.

C$799900

Residential For Sale

128 Orchid Court, Middle Sackville, NS B4E 0S4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$799900

4777 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

29 Edward Street, Plymouth, NS B0K 1S0

Residential For Sale

Residential For Sale

Residential For Sale

516 Purves Street, North Sydney, NS B2A 1E2

Residential For Sale

Residential For Sale

Residential For Sale

7734 Kempt Head Road, Kempt Head, NS B1X 1S1

Residential For Sale

Residential For Sale

Residential For Sale

54 Bomber Drive, Bible Hill, NS B2N 2W6

Residential For Sale

Residential For Sale

Residential For Sale

386 Welsford Street, Pictou, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

6244 Highway 337, Ballantynes Cove, NS B2G 2L2

Residential For Sale

Residential For Sale

Residential For Sale

70 Oakdene Avenue, Kentville, NS B4N 2B9

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.