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

256 Dean Lake Road, Westfield, NS B0T 1B0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

37Picture(s)

672Sqft

Listing courtesy of EXIT Realty Inter Lake

C$325000

Residential For Sale

256 Dean Lake Road, Westfield, NS B0T 1B0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

672Sqft

Listing courtesy of EXIT Realty Inter Lake

Tucked away in a quiet, serene setting above the shores of Dean Lake, this charming 2-bedroom, 1-bath log-sided cabin offers the perfect blend of rustic comfort and natural beauty. Set on 1.93 private, wooded acres with over 275 feet of lake frontage, this well-built retreat is your opportunity to embrace the peaceful rhythm of lakeside living.

C$325000

Residential For Sale

256 Dean Lake Road, Westfield, NS B0T 1B0

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$325000

Residential For Sale

0 Lake Mulgrave, Victory, NS B0S 1B0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

44Picture(s)

659Sqft

Listing courtesy of Exit Realty Town & Country

C$99500

Residential For Sale

0 Lake Mulgrave, Victory, NS B0S 1B0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

659Sqft

Listing courtesy of Exit Realty Town & Country

Lakefront!! Welcome to this peaceful wilderness retreat on Lake Mulgrave in Victory. Sitting on nearly 1 acre this off grid camp is ideal for anyone looking to get away from the hustle and bustle of everyday. Patio doors overlooking the lake and heated with a cozy woodstove, this camp has two private bedrooms and additional sleeping space in the loft as well as a compact kitchen and indoor toilet.

C$99500

Residential For Sale

0 Lake Mulgrave, Victory, NS B0S 1B0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$99500

Residential For Sale

1 Whipple Street, Yarmouth, NS B5A 1W3

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

28Picture(s)

1,540Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$196900

Residential For Sale

1 Whipple Street, Yarmouth, NS B5A 1W3

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,540Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to 1 Whipple Street, a charming three-bedroom, one-and-a-half-bath home set on a generous 8,000+ sq ft lot in the heart of Yarmouth. Tucked in a quaint, centrally located part of town, you’re just minutes from shops and Main Street while still enjoying a peaceful neighborhood feel. Inside, the home has been freshly painted and thoughtfully improved by the current owner.

C$196900

Residential For Sale

1 Whipple Street, Yarmouth, NS B5A 1W3

Listing courtesy of Engel & Volkers (Yarmouth)

3Bedroom(s)

2Bathroom(s)

C$196900

Residential For Sale

14 Connaught Street, North Sydney, NS B2A 3E3

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

19Picture(s)

672Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

C$190000

Residential For Sale

14 Connaught Street, North Sydney, NS B2A 3E3

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

672Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

Welcome to 14 Connaught Street in North Sydney, this 2 Bedroom Bungalow is situated on a spacious lot in a quiet, convenient neighborhood. This home features a bright main level with a cozy living area, functional kitchen, a 3 piece bath and two bedrooms.

C$190000

Residential For Sale

14 Connaught Street, North Sydney, NS B2A 3E3

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

2Bedroom(s)

2Bathroom(s)

C$190000

Residential For Sale

123 Forest Hill Dr, Valley, NS B2N 6K1

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

49Picture(s)

2,033Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$399900

Residential For Sale

123 Forest Hill Dr, Valley, NS B2N 6K1

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

2,033Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Discover this well-cared-for three-bedroom bungalow located in the sought-after Valley neighbourhood, just minutes from schools, parks, and all the conveniences families love. Set on a beautifully maintained lot with a paved driveway and detached two-car garage, this home offers comfort, space, and incredible potential.

C$399900

Residential For Sale

123 Forest Hill Dr, Valley, NS B2N 6K1

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

5615 Prospect Road, New Minas, NS B4N 3K5

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

37Picture(s)

1,250Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$299900

Residential For Sale

5615 Prospect Road, New Minas, NS B4N 3K5

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,250Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

?? Move-In Ready & Priced to Sell Under $300k! ?? Welcome to this affordable 3-bedroom, 1.5-bath storey and a half, perfectly positioned for first-time buyers or anyone seeking a budget-friendly home. Priced just under $300,000, this property offers value. The hard work is done! This home has seen many updates and practical updates since ownership, providing immediate value and peace of mind.

C$299900

Residential For Sale

5615 Prospect Road, New Minas, NS B4N 3K5

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

4253 325 Highway, Newcombville, NS B4V 7W1

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

13Picture(s)

1,092Sqft

Listing courtesy of Holm Realty Limited

C$379000

Residential For Sale

4253 325 Highway, Newcombville, NS B4V 7W1

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,092Sqft

Listing courtesy of Holm Realty Limited

3-Bedroom Energy-Efficient New Build on Almost 2 Acres – A Must-See Modern Country Gem! Don’t miss your chance to own this brand-new, well-appointed 3-bedroom, 1-bathroom home on nearly two acres of land.

C$379000

Residential For Sale

4253 325 Highway, Newcombville, NS B4V 7W1

Listing courtesy of Holm Realty Limited

3Bedroom(s)

1Bathroom(s)

C$379000

Residential For Sale

1e Arklow Drive, Cole Harbour, NS B2W 4J6

More Details

3Bedroom(s)

2Bathroom(s)

AssignedParking(s)

38Picture(s)

1,206Sqft

Listing courtesy of Keller Williams Select Realty

C$339900

Residential For Sale

1e Arklow Drive, Cole Harbour, NS B2W 4J6

3Bedroom(s)

2Bathroom(s)

AssignedParking(s)

1,206Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to this beautifully updated 3-bedroom, 1.5-bath townhouse condominium located in a quiet, family-friendly neighbourhood in Cole Harbour, Dartmouth. This spacious home features updated flooring completed in 2023 and modernized bathrooms with contemporary fittings, offering a move-in-ready experience.

C$339900

Residential For Sale

1e Arklow Drive, Cole Harbour, NS B2W 4J6

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$339900

Residential For Sale

50 Amaranth Crescent, Dartmouth, NS B2W 4B9

More Details

4Bedroom(s)

1Bathroom(s)

PavedParking(s)

40Picture(s)

1,442Sqft

Listing courtesy of Harbourside Realty Ltd.

C$379900

Residential For Sale

50 Amaranth Crescent, Dartmouth, NS B2W 4B9

4Bedroom(s)

1Bathroom(s)

PavedParking(s)

1,442Sqft

Listing courtesy of Harbourside Realty Ltd.

If you have been looking for your first home, come and view 50 Amaranth Cres in Forest Hills. This semi-detached home has a fenced back yard and backs on the neighbourhood trail, providing more privacy with no homes behind you. There have been upgrades over the years, but you can add your own personal touch to build more equity.

C$379900

Residential For Sale

50 Amaranth Crescent, Dartmouth, NS B2W 4B9

Listing courtesy of Harbourside Realty Ltd.

4Bedroom(s)

1Bathroom(s)

C$379900

Residential For Sale

41 Raymoor Dr, Woodlawn, NS B2X 1G6

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

2,150Sqft

Listing courtesy of Exit Real Estate Professionals

C$529900

Residential For Sale

41 Raymoor Dr, Woodlawn, NS B2X 1G6

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,150Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 41 Raymoor Drive, a charming and well-maintained 4-bedroom, 2-bathroom home offering exceptional versatility for families, first-time buyers, or investors seeking rental income. Ideally located in a desirable, family-friendly neighbourhood, this property blends comfort, convenience, and excellent income potential.

C$529900

Residential For Sale

41 Raymoor Dr, Woodlawn, NS B2X 1G6

Listing courtesy of Exit Real Estate Professionals

4Bedroom(s)

2Bathroom(s)

C$529900

Residential For Sale

23 Caie Cres, Yarmouth, NS B5A 1N5

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,583Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$539900

Residential For Sale

23 Caie Cres, Yarmouth, NS B5A 1N5

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,583Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to 23 Caie Crescent — a home designed for comfort, connection, and incredible convenience. This beautifully planned 3 bedroom, 3.5 bathroom property offers a rare blend of privacy, natural light, and lifestyle-focused features in one of Yarmouth’s most desirable locations.

C$539900

Residential For Sale

23 Caie Cres, Yarmouth, NS B5A 1N5

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

4Bathroom(s)

C$539900

Residential For Sale

411-1477 Lower Water Street, Halifax, NS B3J 3Z4

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

47Picture(s)

1,228Sqft

Listing courtesy of Keller Williams Select Realty

C$1095000

Residential For Sale

411-1477 Lower Water Street, Halifax, NS B3J 3Z4

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,228Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to Halifax’s most prestigious waterfront address, Bishop’s Landing. This luxury waterfront condo offers stunning sightlines of the Halifax Harbour and the vibrant boardwalk. Freshly painted and ideally situated on the quiet side of Bishop’s Landing, this 2-bed, 2-bath, plus DEN condo offers garden doors leading to a private balcony showcasing the very best of waterfront living.

C$1095000

Residential For Sale

411-1477 Lower Water Street, Halifax, NS B3J 3Z4

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$1095000

3414 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

256 Dean Lake Road, Westfield, NS B0T 1B0

Residential For Sale

Residential For Sale

Residential For Sale

0 Lake Mulgrave, Victory, NS B0S 1B0

Residential For Sale

Residential For Sale

Residential For Sale

1 Whipple Street, Yarmouth, NS B5A 1W3

Residential For Sale

Residential For Sale

Residential For Sale

14 Connaught Street, North Sydney, NS B2A 3E3

Residential For Sale

Residential For Sale

Residential For Sale

123 Forest Hill Dr, Valley, NS B2N 6K1

Residential For Sale

Residential For Sale

Residential For Sale

5615 Prospect Road, New Minas, NS B4N 3K5

Residential For Sale

Residential For Sale

Residential For Sale

4253 325 Highway, Newcombville, NS B4V 7W1

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.