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

78 Whistle Stop Court, Westchester, NS B0M 2A0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

27Picture(s)

1,000Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$389900

Residential For Sale

78 Whistle Stop Court, Westchester, NS B0M 2A0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,000Sqft

Listing courtesy of Coldwell Banker Performance Realty

One Year Old Home in Quaint Rural Setting! Nestled amongst the trees in a charming rural setting, this one-year-old home offers the perfect retreat, whether year-round or as a ski destination.

C$389900

Residential For Sale

78 Whistle Stop Court, Westchester, NS B0M 2A0

Listing courtesy of Coldwell Banker Performance Realty

2Bedroom(s)

2Bathroom(s)

C$389900

Residential For Sale

578 Lower Cove Road, Lower Cove, NS B0L 1A0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

46Picture(s)

1,045Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$179900

Residential For Sale

578 Lower Cove Road, Lower Cove, NS B0L 1A0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,045Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

This charming property, with its stunning views of the Bay of Fundy, has been lovingly maintained by the same family for 48 years. Nestled directly across from beach access, you can spend your days exploring the tidal beach floor for hidden treasures or casting a line for sea bass. Alternatively, relax on the front porch, where the views are simply breathtaking.

C$179900

Residential For Sale

578 Lower Cove Road, Lower Cove, NS B0L 1A0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$179900

Residential For Sale

30 Deep Woods Lane, Enfield, NS B2T 1G9

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

1,889Sqft

Listing courtesy of Keller Williams Select Realty (Elmsdale)

C$549900

Residential For Sale

30 Deep Woods Lane, Enfield, NS B2T 1G9

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,889Sqft

Listing courtesy of Keller Williams Select Realty (Elmsdale)

Introducing 30 Deep Woods Lane, a charming home with a detached garage nestled on a beautiful and peaceful 2.87-acre wooded lot. This home offers rustic character and modern versatility. The main floor features an open-concept kitchen, dining, and living space with warm wood finishes and a spacious 4-piece bathroom.

C$549900

Residential For Sale

30 Deep Woods Lane, Enfield, NS B2T 1G9

Listing courtesy of Keller Williams Select Realty (Elmsdale)

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

43 Lorne Crescent, Amherst, NS B4H 4A7

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

25Picture(s)

940Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$179900

Residential For Sale

43 Lorne Crescent, Amherst, NS B4H 4A7

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

940Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

COMPLETELY RENOVATED TWO BEDROOM, ONE BATH MINI-HOME! This property is located off of Costin Drive minutes from downtown Amherst. The home has been recently stripped and is all new renovation, offering a front entry, open concept kitchen, living room, dining room, large primary bedroom, full bath and guest bedrooms.

C$179900

Residential For Sale

43 Lorne Crescent, Amherst, NS B4H 4A7

Listing courtesy of RE/MAX County Line Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$179900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2Picture(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

C$684900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 45 Simona Drive, Dartmouth, located in the beautiful Parks of Lake Charles neighbourhood. This semi-detached 3-storey home with a walkout basement features 4 bedrooms, 3.5 bathrooms, and 3 heat pumps—one on each floor. The open-concept main level offers a stylish kitchen with quartz countertops, a spacious dining area, and a bright living room with a natural gas fireplace.

C$684900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$684900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2Picture(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

C$679900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 47 Simona Drive, Dartmouth, located in the beautiful Parks of Lake Charles neighbourhood. This semi-detached 3-storey home with a walkout basement features 4 bedrooms, 3.5 bathrooms, and 3 heat pumps—one on each floor. The open-concept main level offers a stylish kitchen with quartz countertops, a spacious dining area, and a bright living room with a natural gas fireplace.

C$679900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$679900

Residential For Sale

782 Waterloo Avenue, Waterloo Lake, NS B0S 1P0

More Details

1Bedroom(s)

Circular DrivewayParking(s)

24Picture(s)

600Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$149900

Residential For Sale

782 Waterloo Avenue, Waterloo Lake, NS B0S 1P0

1Bedroom(s)

Circular DrivewayParking(s)

600Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

GLAMPING ANYONE??? Adorable 1 bedroom camp/ cottage nestled into over an acre with deeded access to popular Waterloo Lake! A work in progress with most of the heavy lifting completed including wrap around driveway, substantial clearing, new drilled well (not hooked up to the cottage), woodstove, 200amp panel, bathroom space framed in, new vinyl click flooring throughout, pine clad living room/kitc

C$149900

Residential For Sale

782 Waterloo Avenue, Waterloo Lake, NS B0S 1P0

Listing courtesy of Royal LePage Atlantic (Greenwood)

1Bedroom(s)

C$149900

Residential For Sale

252 Brushes Lane, Richmond, NS B5A 5S3

More Details

2Bedroom(s)

1Bathroom(s)

12Picture(s)

496Sqft

Listing courtesy of Trinav Realty

C$175000

Residential For Sale

252 Brushes Lane, Richmond, NS B5A 5S3

2Bedroom(s)

1Bathroom(s)

496Sqft

Listing courtesy of Trinav Realty

Looking for a cottage on a good fresh water lake? This cute insulated 2 bedroom cottage is located on Darlings Lake. Very private treed 1.08 lake frontage property. Recent upgrades include exterior smart panel, flooring and pine board walls. Both bedrooms are a good size, full bathroom, open concept kitchen/dining and a living room overlooking the lake. Nice deck off the living room.

C$175000

Residential For Sale

252 Brushes Lane, Richmond, NS B5A 5S3

Listing courtesy of Trinav Realty

2Bedroom(s)

1Bathroom(s)

C$175000

Residential For Sale

432 Stewart Road, Pugwash River, NS B0K 1L0

More Details

2Bedroom(s)

1Bathroom(s)

DirtParking(s)

40Picture(s)

892Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$420000

Residential For Sale

432 Stewart Road, Pugwash River, NS B0K 1L0

2Bedroom(s)

1Bathroom(s)

DirtParking(s)

892Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

WATERFRONT COTTAGE with Beauty and tranquility!! This two bedroom four season Cottage sits on approximately 3 acres of land with over 700 ft of water frontage on the beautiful Pugwash River. This is a one of a kind property that gives complete privacy and quiet with spectacular views.

C$420000

Residential For Sale

432 Stewart Road, Pugwash River, NS B0K 1L0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$420000

Residential For Sale

683 Main Street, Lawrencetown, NS B0S 1M0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

1,426Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$339000

Residential For Sale

683 Main Street, Lawrencetown, NS B0S 1M0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,426Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

This well maintained 3-bedroom bungalow is set on a substantial 28+ acre lot, and is conveniently located in the charming Village of Lawrencetown! Enjoy the benefits of municipal water and sewer, with a sidewalk and beautiful landscaping, including approximately 5 cleared acres. Efficient heating and cooling is provided by the ductless heat pump, cozy propane fireplace and an oil-fired boiler.

C$339000

Residential For Sale

683 Main Street, Lawrencetown, NS B0S 1M0

Listing courtesy of Royal LePage Atlantic (Greenwood)

3Bedroom(s)

1Bathroom(s)

C$339000

Residential For Sale

47 Breigh Park, Dominion Ns B1g 1c9

More Details

2Bedroom(s)

1Bathroom(s)

13Picture(s)

689Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$70000

Residential For Sale

47 Breigh Park, Dominion Ns B1g 1c9

2Bedroom(s)

1Bathroom(s)

689Sqft

Listing courtesy of RE/MAX Park Place Inc.

Affordable Coastal Living in Dominion offered at $70,000 Enjoy ocean views and peaceful living in this well-maintained 2-bedroom, 1-bath mobile home nestled in the heart of Dominion. Ideal for year-round living or a seasonal retreat, this home features a cozy layout with plenty of natural light, a bright kitchen, and a comfortable living area.

C$70000

Residential For Sale

47 Breigh Park, Dominion Ns B1g 1c9

Listing courtesy of RE/MAX Park Place Inc.

2Bedroom(s)

1Bathroom(s)

C$70000

Residential For Sale

120 Olive Avenue, Bedford Ns B4b 0l2

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

45Picture(s)

3,450Sqft

Listing courtesy of Royal LePage Atlantic

C$950000

Residential For Sale

120 Olive Avenue, Bedford Ns B4b 0l2

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,450Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to Thistle Grove. This beautiful 2-storey home features 4 bedrooms, 3.5 baths, and over 3,400 sq ft of finished space. The bright, open-concept main floor includes a kitchen with a 6’ island and corner pantry, spacious living room with propane fireplace, and large windows. Main floor office/den, mudroom with half bath, and access to a 25x24 attached garage with high ceilings.

C$950000

Residential For Sale

120 Olive Avenue, Bedford Ns B4b 0l2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$950000

4276 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

78 Whistle Stop Court, Westchester, NS B0M 2A0

Residential For Sale

Residential For Sale

Residential For Sale

578 Lower Cove Road, Lower Cove, NS B0L 1A0

Residential For Sale

Residential For Sale

Residential For Sale

30 Deep Woods Lane, Enfield, NS B2T 1G9

Residential For Sale

Residential For Sale

Residential For Sale

43 Lorne Crescent, Amherst, NS B4H 4A7

Residential For Sale

Residential For Sale

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Residential For Sale

Residential For Sale

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Residential For Sale

Residential For Sale

Residential For Sale

782 Waterloo Avenue, Waterloo Lake, NS B0S 1P0

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.