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

2-71-89 Radmer Drive, West Chezzetcook Ns B0j 2l0

More Details

2Bedroom(s)

3Bathroom(s)

AttachedParking(s)

7Picture(s)

1,439Sqft

Listing courtesy of Royal LePage Atlantic

C$489900

Residential For Sale

2-71-89 Radmer Drive, West Chezzetcook Ns B0j 2l0

2Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,439Sqft

Listing courtesy of Royal LePage Atlantic

Exciting Pre-Construction Opportunity: Phase 1 of The Nest at West Chezzetcook Looking to get into the market at an unbeatable price? This is your chance! Phase 1 of The Nest at West Chezzetcook offers single-level condo townhouses just 20 minutes east of Dartmouth, homes are just 2 kms away from superstore, Tim Horton, Shell etc.

C$489900

Residential For Sale

2-71-89 Radmer Drive, West Chezzetcook Ns B0j 2l0

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

3Bathroom(s)

C$489900

Residential For Sale

4231 Shore Road, Parkers Cove Ns B0s 1a0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

45Picture(s)

1,641Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$324900

Residential For Sale

4231 Shore Road, Parkers Cove Ns B0s 1a0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,641Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

Welcome to this charming bungalow; located in a friendly community along the Fundy Shore, just minutes from Annapolis Royal. Perfect for families, this well maintained home offers comfort, convenience, and potential for customization.

C$324900

Residential For Sale

4231 Shore Road, Parkers Cove Ns B0s 1a0

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

3Bedroom(s)

1Bathroom(s)

C$324900

Residential For Sale

79 Whitney Avenue, Sydney Ns B1p 4z8

More Details

7Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,501Sqft

Listing courtesy of RE/MAX Nova

C$380000

Residential For Sale

79 Whitney Avenue, Sydney Ns B1p 4z8

7Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,501Sqft

Listing courtesy of RE/MAX Nova

Welcome to 79 Whitney Ave, an exquisite home in one of Sydney’s most prestigious areas, just 3 KM from the Regional Hospital. This spacious residence blends modern updates with timeless charm, offering 7 bedrooms, 2.5 baths, and a rare tandem garage tucked beneath the home for added privacy. With alleyway access and a fenced backyard, this home is a peaceful retreat in the heart of the city.

C$380000

Residential For Sale

79 Whitney Avenue, Sydney Ns B1p 4z8

Listing courtesy of RE/MAX Nova

7Bedroom(s)

3Bathroom(s)

C$380000

Residential For Sale

Pioneer Drive Lot 60, Vaughan Ns B0n 1t0

More Details

GravelParking(s)

29Picture(s)

264Sqft

Listing courtesy of Keller Williams Select Realty

C$149000

Residential For Sale

Pioneer Drive Lot 60, Vaughan Ns B0n 1t0

GravelParking(s)

264Sqft

Listing courtesy of Keller Williams Select Realty

Looking for a peaceful and quiet place? This cozy cottage is nestled a little over 2 acre lot. The property has a gravel driveway right down to the cottage. Enjoy the tranquility of the river frontage of Mint river with the birds chirping while enjoying your morning coffee on the large wrap around deck. The camp consists of an open living space with a privacy area for a portable toilet.

C$149000

Residential For Sale

Pioneer Drive Lot 60, Vaughan Ns B0n 1t0

Listing courtesy of Keller Williams Select Realty

C$149000

Residential For Sale

164 North Wrights Lake Road Lot 13, Doucetteville Ns B0w 1h0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

41Picture(s)

1,100Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$299000

Residential For Sale

164 North Wrights Lake Road Lot 13, Doucetteville Ns B0w 1h0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,100Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Enjoy peace and privacy with 190 ft of lakefront on a quiet, scenic lake. This well built, well insulated, 1100 sq ft home offers a bright and spacious living area, and an open concept dining space perfect for entertaining and family gatherings. Includes two comfortable bedrooms and a four piece bath. The property also includes a 12x16' bunkie-ideal for guests, an office, or extra storage space.

C$299000

Residential For Sale

164 North Wrights Lake Road Lot 13, Doucetteville Ns B0w 1h0

Listing courtesy of Engel & Volkers (Yarmouth)

2Bedroom(s)

1Bathroom(s)

C$299000

Residential For Sale

22676 Highway 7, Sheet Harbour Ns B0j 3b0

More Details

4Bedroom(s)

1Bathroom(s)

NoneParking(s)

44Picture(s)

1,778Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$424500

Residential For Sale

22676 Highway 7, Sheet Harbour Ns B0j 3b0

4Bedroom(s)

1Bathroom(s)

NoneParking(s)

1,778Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to the village of Sheet Harbour where you will find this waterfront 4 bedroom, one bathroom 2 storey century home in the heart of the town. Walk to everything with sidewalks across the street; shopping, hospital, restaurants and school are nearby.

C$424500

Residential For Sale

22676 Highway 7, Sheet Harbour Ns B0j 3b0

Listing courtesy of Century 21 Trident Realty Ltd.

4Bedroom(s)

1Bathroom(s)

C$424500

Residential For Sale

1898 Hampton Mountain Road, Hampton Ns B0s 1l0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

50Picture(s)

1,410Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$310000

Residential For Sale

1898 Hampton Mountain Road, Hampton Ns B0s 1l0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,410Sqft

Listing courtesy of EXP Realty of Canada Inc.

Welcome to your coastal retreat! This beautifully upgraded 3-bedroom, 1.5-bath home sits on a generous lot with sweeping views of the ocean and unforgettable sunset vistas. Whether you're looking for a year-round residence or a seasonal escape, this property offers the perfect balance of comfort, space, and seaside charm.

C$310000

Residential For Sale

1898 Hampton Mountain Road, Hampton Ns B0s 1l0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$310000

Residential For Sale

50 Station Rd, Kinsac Ns B4g 1c8

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

2,435Sqft

Listing courtesy of Royal LePage Anchor Realty

C$579900

Residential For Sale

50 Station Rd, Kinsac Ns B4g 1c8

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,435Sqft

Listing courtesy of Royal LePage Anchor Realty

Rare find and a unique one!! One Owner family home that the original home is now a 42x30 work shop with basement and a large 40x36 split entry home all on 4 lots together! This well built home features 4 large bedrooms, large bright living room with view of Kinsac lake beautiful hardwood floor's, custom built oak cabinets built around the elect fireplace, walk into your dream extra large kitchen

C$579900

Residential For Sale

50 Station Rd, Kinsac Ns B4g 1c8

Listing courtesy of Royal LePage Anchor Realty

4Bedroom(s)

2Bathroom(s)

C$579900

Residential For Sale

703 336 Highway, Upper Musquodoboit Ns B0n 2m0

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

45Picture(s)

2,464Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

C$389000

Residential For Sale

703 336 Highway, Upper Musquodoboit Ns B0n 2m0

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,464Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

"This is true Country living" Original owners since new and what a property. This home has 6 bedrooms and 2 baths over 2400 sq ft of living space. If you have a large or extended family that needs space this is it. Nice bright spacious rooms with great flow and everything you may need. This home does need some updating but its got great potential to accommodate your needs.

C$389000

Residential For Sale

703 336 Highway, Upper Musquodoboit Ns B0n 2m0

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

6Bedroom(s)

2Bathroom(s)

C$389000

Residential For Sale

1101-1650 Granville Street, Halifax Peninsula Ns B3j 0e1

More Details

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

29Picture(s)

619Sqft

Listing courtesy of Sotheby's International Realty Canada

C$555000

Residential For Sale

1101-1650 Granville Street, Halifax Peninsula Ns B3j 0e1

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

619Sqft

Listing courtesy of Sotheby's International Realty Canada

Luxury One-Bedroom Living at The Roy – Downtown Halifax Experience refined urban living in this beautifully appointed one-bedroom residence at The Roy, a landmark address in the heart of downtown Halifax. Set within the historic Heritage District, this contemporary 22-storey building offers bold architecture, elevated design, and exceptional access to everything the city has to offer.

C$555000

Residential For Sale

1101-1650 Granville Street, Halifax Peninsula Ns B3j 0e1

Listing courtesy of Sotheby's International Realty Canada

1Bedroom(s)

1Bathroom(s)

C$555000

Residential For Sale

60 Cowan Street, Springhill Ns B0m 1x0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,000Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$359900

Residential For Sale

60 Cowan Street, Springhill Ns B0m 1x0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,000Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Welcome to this stunning chalet-style home, thoughtfully updated and designed. Whether you’re looking for space for a multigenerational family or seeking rental income from a separate suite, this property delivers. Step in from the rear deck into a welcoming living room, complete with a large storage closet and tucked-away laundry area.

C$359900

Residential For Sale

60 Cowan Street, Springhill Ns B0m 1x0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

5Bedroom(s)

3Bathroom(s)

C$359900

Residential For Sale

1815 West Sable Road, Sable River Ns B0t 1v0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

48Picture(s)

2,298Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$410000

Residential For Sale

1815 West Sable Road, Sable River Ns B0t 1v0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,298Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

Charming Updated Home on 6.5 Private Acres with Pond and Beach. Welcome to your serene retreat in the heart of Nova Scotia! This charming older home combines classic character with thoughtful updates, offering a perfect blend of spacious living and timeless appeal. Nestled on 6.

C$410000

Residential For Sale

1815 West Sable Road, Sable River Ns B0t 1v0

Listing courtesy of Keller Williams Select Realty (Shelburne)

3Bedroom(s)

2Bathroom(s)

C$410000

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

2-71-89 Radmer Drive, West Chezzetcook Ns B0j 2l0

Residential For Sale

Residential For Sale

Residential For Sale

4231 Shore Road, Parkers Cove Ns B0s 1a0

Residential For Sale

Residential For Sale

Residential For Sale

79 Whitney Avenue, Sydney Ns B1p 4z8

Residential For Sale

Residential For Sale

Residential For Sale

Pioneer Drive Lot 60, Vaughan Ns B0n 1t0

Residential For Sale

Residential For Sale

Residential For Sale

164 North Wrights Lake Road Lot 13, Doucetteville Ns B0w 1h0

Residential For Sale

Residential For Sale

Residential For Sale

22676 Highway 7, Sheet Harbour Ns B0j 3b0

Residential For Sale

Residential For Sale

Residential For Sale

1898 Hampton Mountain Road, Hampton Ns B0s 1l0

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.