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

379 Bissett Road, Cole Harbour, NS B2V 2T2

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

32Picture(s)

1,325Sqft

Listing courtesy of RE/MAX Nova

C$409999

Residential For Sale

379 Bissett Road, Cole Harbour, NS B2V 2T2

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,325Sqft

Listing courtesy of RE/MAX Nova

Welcome to 379 Bissett Road, where charm meets convenience! Nestled in beautiful Cole Harbour, this charming 3-bedroom, 1 bath home is perfectly situated just steps from the scenic Salt Marsh Trail and only minutes from Rainbow Haven Beach. Enjoy the best of both worlds — all the amenities you could ever need are close by, yet you’ll still feel the tranquility of country living.

C$409999

Residential For Sale

379 Bissett Road, Cole Harbour, NS B2V 2T2

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$409999

Residential For Sale

57 James Street, Truro, NS B2N 2Z9

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

7Picture(s)

1,274Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$150000

Residential For Sale

57 James Street, Truro, NS B2N 2Z9

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,274Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

Here is your chance to buy your first home, pouring in time and effort to make it your own. This solid 1960’s bungalow needs a firm hand to bring it back to life and into the 21st century. The large in town lot has municipal services and is close to every important amenity – shopping, recreation, hospital, Hwy 102 – perfect for commuters or anyone looking for a solid starting point.

C$150000

Residential For Sale

57 James Street, Truro, NS B2N 2Z9

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$150000

Residential For Sale

914 Maple Avenue, Aylesford, NS B0P 1C0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

37Picture(s)

2,020Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$524000

Residential For Sale

914 Maple Avenue, Aylesford, NS B0P 1C0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,020Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome to this newly renovated 5 bedroom/ 2.5 bathroom home situated on 1.6 acres on Maple Avenue in the town of Aylesford. At first glance, a stunning newly built covered wrap-around deck, accented with an attractive new railing and pot lights tucked into the overhanging roof is sure to catch your eye.

C$524000

Residential For Sale

914 Maple Avenue, Aylesford, NS B0P 1C0

Listing courtesy of Royal LePage Atlantic (Greenwood)

5Bedroom(s)

3Bathroom(s)

C$524000

Residential For Sale

10232 Highway 234, Elmsvale, NS B0N 1X0

More Details

1Bedroom(s)

1Bathroom(s)

No GarageParking(s)

9Picture(s)

325Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$34900

Residential For Sale

10232 Highway 234, Elmsvale, NS B0N 1X0

1Bedroom(s)

1Bathroom(s)

No GarageParking(s)

325Sqft

Listing courtesy of Royal LePage Truro Real Estate

This little Park Model Travel Trailer is on 1.2 acres, has a dug well and septic, electricity, driveway off Highway 224, two slides and a wired 12 X 8 storage shed. Air conditioner not operating and some interior work is required. Ideal as an outdoor recreational site where this area is great for hunting, fishing, four-wheeling or any other wilderness activity. Priced below assessed value.

C$34900

Residential For Sale

10232 Highway 234, Elmsvale, NS B0N 1X0

Listing courtesy of Royal LePage Truro Real Estate

1Bedroom(s)

1Bathroom(s)

C$34900

Residential For Sale

23 Route 276, Giants Lake, NS B0H 1N0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

9Picture(s)

2,140Sqft

Listing courtesy of Cape Breton Realty

C$350000

Residential For Sale

23 Route 276, Giants Lake, NS B0H 1N0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,140Sqft

Listing courtesy of Cape Breton Realty

332 Acres: Your Private Kingdom with Million-Dollar Views (A Project for Visionaries) This is a rare opportunity where the value is exclusively in the land! Own 332 breathtaking acres with priceless panoramic views overlooking the valley. Experience the magic of spectacular sunrises and sunsets that will define your days.

C$350000

Residential For Sale

23 Route 276, Giants Lake, NS B0H 1N0

Listing courtesy of Cape Breton Realty

4Bedroom(s)

2Bathroom(s)

C$350000

Residential For Sale

73 Gradys Reach Road, Guysborough County, NS B0E 2G0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

21Picture(s)

1,087Sqft

Listing courtesy of Cape Breton Realty

C$530000

Residential For Sale

73 Gradys Reach Road, Guysborough County, NS B0E 2G0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,087Sqft

Listing courtesy of Cape Breton Realty

Beachfront Paradise: Your Dawn-to-Dusk Ocean Retreat Wake up to the sheer magic of the sunrise over the ocean pouring through your primary bedroom windows every single morning. This charming 2-bed, 1.5-bath beach house is situated directly on Chedabucto Bay, right next to Port Shoreham Provincial Beach Park, offering immediate access to the sandy shore.

C$530000

Residential For Sale

73 Gradys Reach Road, Guysborough County, NS B0E 2G0

Listing courtesy of Cape Breton Realty

2Bedroom(s)

2Bathroom(s)

C$530000

Residential For Sale

40 Spruce Drive, Mill Cove, NS B0J 1T0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

19Picture(s)

480Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$299000

Residential For Sale

40 Spruce Drive, Mill Cove, NS B0J 1T0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

480Sqft

Listing courtesy of The Agency Real Estate Brokerage

An Amazing Investment Opportunity in Mill Cove! Here’s your chance to own TWO HOMES, both 2 BEDROOMS for the price of one in the beautiful and sought-after community of Mill Cove! This property is just 40 minutes from Halifax, only minutes to the popular community of Hubbards, and located within the Shatford Trust Fund area — making it an ideal spot for families, investors, or anyone looking f

C$299000

Residential For Sale

40 Spruce Drive, Mill Cove, NS B0J 1T0

Listing courtesy of The Agency Real Estate Brokerage

2Bedroom(s)

1Bathroom(s)

C$299000

Residential For Sale

46 Bonnie Brae Drive, Dartmouth, NS B2W 1E4

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

27Picture(s)

1,088Sqft

Listing courtesy of One Percent Realty East Inc.

C$249900

Residential For Sale

46 Bonnie Brae Drive, Dartmouth, NS B2W 1E4

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,088Sqft

Listing courtesy of One Percent Realty East Inc.

Discover exceptional style & warmth in this thoughtfully designed & beautifully maintained home, perfectly blending comfort & convenience. Featuring gorgeous vaulted ceilings with wood beams, ductless heat pump, this home offers an airy open-concept design filled with natural light from large windows that create a warm & inviting atmosphere.

C$249900

Residential For Sale

46 Bonnie Brae Drive, Dartmouth, NS B2W 1E4

Listing courtesy of One Percent Realty East Inc.

2Bedroom(s)

2Bathroom(s)

C$249900

Residential For Sale

7484 Highway 3 Martins River Ns, Martins River, NS B0J 2E0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

36Picture(s)

1,375Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$479900

Residential For Sale

7484 Highway 3 Martins River Ns, Martins River, NS B0J 2E0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,375Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

This charming three-bedroom, one-bath home perfectly balances country tranquility with unbeatable convenience. Ideally located with easy access to Mahone Bay, Lunenburg, Chester, and Bridgewater—and less than an hour’s commute to downtown Halifax—it offers the best of Nova Scotia’s South Shore lifestyle.

C$479900

Residential For Sale

7484 Highway 3 Martins River Ns, Martins River, NS B0J 2E0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$479900

Residential For Sale

16147 316 Highway, Country Harbour Mines, NS B0H 1J0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

37Picture(s)

1,932Sqft

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

C$549900

Residential For Sale

16147 316 Highway, Country Harbour Mines, NS B0H 1J0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,932Sqft

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

Located in Country Harbour Mines this home sits on 1.18 acres over looking Country Harbour. With roughly 150 feet of water frontage this home is a must see. With three bedrooms and two bathrooms this stunning house truly is a beautiful family home. Vaulted ceilings and large windows allow you to take in a breath taking view of the harbour with sunrise to the left and sunset to the right.

C$549900

Residential For Sale

16147 316 Highway, Country Harbour Mines, NS B0H 1J0

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

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

562 Messenger Road, Tremont, NS B0P 1R0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

27Picture(s)

1,075Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$234900

Residential For Sale

562 Messenger Road, Tremont, NS B0P 1R0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,075Sqft

Listing courtesy of RE/MAX Banner Real Estate

Nestled on a picturesque 22-acre lot, this 1.5 storey home offers a peaceful country setting with endless potential. The main level features two bedrooms and a traditional layout, while the upper level is mostly finished and ready for your finishing touches.

C$234900

Residential For Sale

562 Messenger Road, Tremont, NS B0P 1R0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

2Bathroom(s)

C$234900

Residential For Sale

1358 Hwy 1, Church Point, NS B0W 1M0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

40Picture(s)

3,007Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$350000

Residential For Sale

1358 Hwy 1, Church Point, NS B0W 1M0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,007Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to your next chapter by the sea. Just minutes from Université Sainte-Anne and oceanfront walking trails, this inviting home offers a warm, comfortable feel in a great location. With fresh siding and a bright, open layout, it’s the perfect place to settle in or explore rental potential with the nearby university.

C$350000

Residential For Sale

1358 Hwy 1, Church Point, NS B0W 1M0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

3Bathroom(s)

C$350000

4310 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

379 Bissett Road, Cole Harbour, NS B2V 2T2

Residential For Sale

Residential For Sale

Residential For Sale

57 James Street, Truro, NS B2N 2Z9

Residential For Sale

Residential For Sale

Residential For Sale

914 Maple Avenue, Aylesford, NS B0P 1C0

Residential For Sale

Residential For Sale

Residential For Sale

10232 Highway 234, Elmsvale, NS B0N 1X0

Residential For Sale

Residential For Sale

Residential For Sale

23 Route 276, Giants Lake, NS B0H 1N0

Residential For Sale

Residential For Sale

Residential For Sale

73 Gradys Reach Road, Guysborough County, NS B0E 2G0

Residential For Sale

Residential For Sale

Residential For Sale

40 Spruce Drive, Mill Cove, NS B0J 1T0

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.