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

Lot 236 Hideaway Trail, Brookside, NS B3T 0M2

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

19Picture(s)

3,148Sqft

Listing courtesy of Engel & Volkers

C$789900

Residential For Sale

Lot 236 Hideaway Trail, Brookside, NS B3T 0M2

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,148Sqft

Listing courtesy of Engel & Volkers

Welcome home to "The Kinloch," a custom built Ramar Home. The functional layout makes it one of most popular floor plans. The open concept main floor with oversized living room showcases a spacious kitchen with an island, walk-in pantry, and solid surface countertops, alongside a convenient den/home office and a functional mudroom off the garage.

C$789900

Residential For Sale

Lot 236 Hideaway Trail, Brookside, NS B3T 0M2

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$789900

Residential For Sale

20 Ashley Drive, Halibut Bay, NS B3V 1J6

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

45Picture(s)

3,779Sqft

Listing courtesy of Engel & Volkers

C$1800000

Residential For Sale

20 Ashley Drive, Halibut Bay, NS B3V 1J6

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,779Sqft

Listing courtesy of Engel & Volkers

This East Coast modern masterpiece known by locals as "The Glass House" hosts awe inspiring views from its uniquely designed perch in the heart of Halibut Bay. Your perfectly private 2 acre oceanfront oasis a mere 20-minute drive from downtown Halifax beckons for those looking to live in extraordinary circumstances. Step into stunning views and sleek design.

C$1800000

Residential For Sale

20 Ashley Drive, Halibut Bay, NS B3V 1J6

Listing courtesy of Engel & Volkers

3Bedroom(s)

4Bathroom(s)

C$1800000

Residential For Sale

412 Onslow Road, Upper Onslow, NS B6L 5K9

More Details

2Bedroom(s)

2Bathroom(s)

32Picture(s)

1,976Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

C$349900

Residential For Sale

412 Onslow Road, Upper Onslow, NS B6L 5K9

2Bedroom(s)

2Bathroom(s)

1,976Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

Welcome to 412 Onslow Road — a charming 2-bedroom, 2-bathroom bungalow conveniently located just 5 minutes from Truro with quick access to Highway 104. Enjoy the convenience of nearby amenities, including the RECC Centre, Colchester Hospital, and the vibrant downtown core. Step inside and you’re greeted by an open kitchen that flows seamlessly into the formal dining area.

C$349900

Residential For Sale

412 Onslow Road, Upper Onslow, NS B6L 5K9

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

2Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

3852 Highway 208, Colpton, NS B0R 1E0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

25Picture(s)

2,594Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

C$450000

Residential For Sale

3852 Highway 208, Colpton, NS B0R 1E0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,594Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

Immaculate four bedroom country home located in Colpton, Lunenburg County. Features include eat-in kitchen with ample cabinetry, formal dining room, some hard wood floors, working fireplace, upstairs spacious den, 2 full baths and one 2 piece bath, wood/oil heating setup and a ductless heat pump set up in the master bedroom for the added central air and heating when needed.

C$450000

Residential For Sale

3852 Highway 208, Colpton, NS B0R 1E0

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

4Bedroom(s)

3Bathroom(s)

C$450000

Residential For Sale

1117 Highway 340, South Ohio, NS B5A 5N2

More Details

4Bedroom(s)

1Bathroom(s)

OtherParking(s)

39Picture(s)

1,582Sqft

Listing courtesy of The Real Estate Store

C$429900

Residential For Sale

1117 Highway 340, South Ohio, NS B5A 5N2

4Bedroom(s)

1Bathroom(s)

OtherParking(s)

1,582Sqft

Listing courtesy of The Real Estate Store

Are you looking for a country style home within 10 minutes from Yarmouth? 1117 Highway 340 South Ohio is sitting on 7.15 acres with 3 bedrooms on the upper level with more space on the lower level The addition of a ductless heat pump along with oil fired hot water heating easily heats the home. Outside there is a deck on 2 sides and a bonus gazebo for entertaining and relaxing.

C$429900

Residential For Sale

1117 Highway 340, South Ohio, NS B5A 5N2

Listing courtesy of The Real Estate Store

4Bedroom(s)

1Bathroom(s)

C$429900

Residential For Sale

27 Uniacke Mines Road, Mount Uniacke, NS B0N 1Z0

More Details

3Bedroom(s)

2Bathroom(s)

NoneParking(s)

44Picture(s)

1,814Sqft

Listing courtesy of Keller Williams Select Realty

C$474900

Residential For Sale

27 Uniacke Mines Road, Mount Uniacke, NS B0N 1Z0

3Bedroom(s)

2Bathroom(s)

NoneParking(s)

1,814Sqft

Listing courtesy of Keller Williams Select Realty

Nestled in the Heart of Mount Uniacke, this stunning home offers everything you’re looking for—inside and out! Sitting on a spacious 2.85-acre lot, offering plenty of room for outdoor activities, gardening, or just enjoying the peaceful surroundings. The flat, open land is perfect for families, nature lovers, or anyone who loves spending time outside.

C$474900

Residential For Sale

27 Uniacke Mines Road, Mount Uniacke, NS B0N 1Z0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$474900

Residential For Sale

1068 Old Route 5 Road, Big Bras Dor, NS B1X 1Y7

More Details

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

36Picture(s)

839Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$210000

Residential For Sale

1068 Old Route 5 Road, Big Bras Dor, NS B1X 1Y7

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

839Sqft

Listing courtesy of RE/MAX Park Place Inc.

Nestled on 2 acres of private land, this charming, well-kept home is surrounded by mature trees, offering both privacy and a peaceful natural setting. Located just minutes from local gas stations and restaurants, and approximately a 15–20 minute drive to North Sydney, this property provides the perfect balance between country living and convenience.

C$210000

Residential For Sale

1068 Old Route 5 Road, Big Bras Dor, NS B1X 1Y7

Listing courtesy of RE/MAX Park Place Inc.

1Bedroom(s)

1Bathroom(s)

C$210000

Residential For Sale

761 Stoney Point Road, Stoney Point, NS B0E 2K0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

30Picture(s)

1,290Sqft

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

C$650000

Residential For Sale

761 Stoney Point Road, Stoney Point, NS B0E 2K0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,290Sqft

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

Welcome to 761 Stoney Point Road, a beautifully rebuilt waterfront retreat offering over 200 feet of shoreline on the world-renowned Bras d’Or Lake. Set on more than 2 acres of land, this 2-bedroom, 1.5-bath home blends the warmth of its original log cabin roots with the comfort and style of modern upgrades.

C$650000

Residential For Sale

761 Stoney Point Road, Stoney Point, NS B0E 2K0

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

2Bedroom(s)

2Bathroom(s)

C$650000

Residential For Sale

21 Surette Cross Road, Wedgeport, NS B0W 3P0

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

35Picture(s)

1,556Sqft

Listing courtesy of Modern Realty

C$290000

Residential For Sale

21 Surette Cross Road, Wedgeport, NS B0W 3P0

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,556Sqft

Listing courtesy of Modern Realty

Welcome to 3 Acres of waterfront property, with renovated 3 bed, 2 bath home. Off the back deck, a path will take you to your own 180 ft of peaceful oceanfront. On the main level is a porch with laundry, large kitchen with views of the water, a dining room, living room, den and bathroom. The den could easily be used as a main floor bedroom.

C$290000

Residential For Sale

21 Surette Cross Road, Wedgeport, NS B0W 3P0

Listing courtesy of Modern Realty

3Bedroom(s)

2Bathroom(s)

C$290000

Residential For Sale

179 Hages Lane, Prospect, NS B3T 2A4

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

4,001Sqft

Listing courtesy of Sutton Group Professional Realty

C$1398000

Residential For Sale

179 Hages Lane, Prospect, NS B3T 2A4

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,001Sqft

Listing courtesy of Sutton Group Professional Realty

Nestled on the scenic shores of Shad Bay in Prospect, Nova Scotia, this impressive five-bedroom home offers over 175 feet of oceanfront, showcasing spectacular views and a tranquil coastal lifestyle. Thoughtfully designed, the spacious open-concept main floor features expansive windows, vaulted ceilings, and a welcoming living area ideal for families seeking both comfort and style.

C$1398000

Residential For Sale

179 Hages Lane, Prospect, NS B3T 2A4

Listing courtesy of Sutton Group Professional Realty

5Bedroom(s)

4Bathroom(s)

C$1398000

Residential For Sale

26 Village Crescent, Bedford, NS B4A 1J2

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

42Picture(s)

1,960Sqft

Listing courtesy of Exit Realty Metro

C$709900

Residential For Sale

26 Village Crescent, Bedford, NS B4A 1J2

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,960Sqft

Listing courtesy of Exit Realty Metro

Welcome Home to 26 Village Crescent! Located on this quiet, family friendly, neighborhood of Bedford Hills, Here you are within walking distance to all major amenities, including shopping, bus routes, banking and wonderful Papermill lake beach park! This home has many updates, including New Windows in the living room, Kitchen, Rec Room and Bedrooms.

C$709900

Residential For Sale

26 Village Crescent, Bedford, NS B4A 1J2

Listing courtesy of Exit Realty Metro

3Bedroom(s)

2Bathroom(s)

C$709900

Residential For Sale

8894 Highway 201, Nictaux, NS B0S 1P0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

45Picture(s)

916Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$335500

Residential For Sale

8894 Highway 201, Nictaux, NS B0S 1P0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

916Sqft

Listing courtesy of RE/MAX Banner Real Estate

Properties like this don’t come along often. Located in the scenic Annapolis Valley, this cozy one-level mini home sits along Highway 201 in Nictaux, just a short drive from CFB Greenwood and downtown Middleton. It has two bedrooms, one bathroom, and a bright eat-in kitchen with a butler’s pantry for extra storage.

C$335500

Residential For Sale

8894 Highway 201, Nictaux, NS B0S 1P0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$335500

4292 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

Lot 236 Hideaway Trail, Brookside, NS B3T 0M2

Residential For Sale

Residential For Sale

Residential For Sale

20 Ashley Drive, Halibut Bay, NS B3V 1J6

Residential For Sale

Residential For Sale

Residential For Sale

412 Onslow Road, Upper Onslow, NS B6L 5K9

Residential For Sale

Residential For Sale

Residential For Sale

3852 Highway 208, Colpton, NS B0R 1E0

Residential For Sale

Residential For Sale

Residential For Sale

1117 Highway 340, South Ohio, NS B5A 5N2

Residential For Sale

Residential For Sale

Residential For Sale

27 Uniacke Mines Road, Mount Uniacke, NS B0N 1Z0

Residential For Sale

Residential For Sale

Residential For Sale

1068 Old Route 5 Road, Big Bras Dor, NS B1X 1Y7

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.