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.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

1331 Highway 3, Mill Village Ns B0j 2h0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

30Picture(s)

1,570Sqft

Listing courtesy of EXIT Realty Inter Lake

C$104900

Residential For Sale

1331 Highway 3, Mill Village Ns B0j 2h0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,570Sqft

Listing courtesy of EXIT Realty Inter Lake

Step into a piece of history with this well-built 2-bedroom, 2 half-bath home, believed to have been constructed in the 1800s. Completely gutted and ready for your vision, this blank canvas offers endless possibilities—whether you’re looking to create a charming single-family residence or explore its potential as a split-entry/duplex.

C$104900

Residential For Sale

1331 Highway 3, Mill Village Ns B0j 2h0

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

2Bathroom(s)

C$104900

Residential For Sale

4400 Second Division Road, Concession Ns B0w 1m0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,738Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$1190000

Residential For Sale

4400 Second Division Road, Concession Ns B0w 1m0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,738Sqft

Listing courtesy of EXP Realty of Canada Inc.

4400 Second Division Road is an extraordinary property located on a picturesque lakefront lot. This low-maintenance home blends modern luxury with serene beauty. Built in 2010, this bespoke ICF (Insulated Concrete Form) home is one of the best in the area, featuring in-floor heat and AC.

C$1190000

Residential For Sale

4400 Second Division Road, Concession Ns B0w 1m0

Listing courtesy of EXP Realty of Canada Inc.

2Bedroom(s)

2Bathroom(s)

C$1190000

Residential For Sale

1482 North Shore Road, North Shore Ns B0k 1e0

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

50Picture(s)

3,338Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$915000

Residential For Sale

1482 North Shore Road, North Shore Ns B0k 1e0

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

3,338Sqft

Listing courtesy of Royal LePage Truro Real Estate

Original Owners! This exquisite 2019-built estate is a masterpiece of elegance, quality, and timeless design. Set on 54 private acres, it offers views of the beautiful Northumberland Strait, home to the warmest ocean waters in Nova Scotia. Built for longevity and efficiency, luxury and quality were the key factors in design.

C$915000

Residential For Sale

1482 North Shore Road, North Shore Ns B0k 1e0

Listing courtesy of Royal LePage Truro Real Estate

3Bedroom(s)

3Bathroom(s)

C$915000

Residential For Sale

364 (6012) Macinnis Point Road Road, Marble Mountain Ns B0e 3k0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

1,456Sqft

Listing courtesy of Cape Breton Realty

C$4049000

Residential For Sale

364 (6012) Macinnis Point Road Road, Marble Mountain Ns B0e 3k0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,456Sqft

Listing courtesy of Cape Breton Realty

Beautiful home with boat house, garages, wharf, gazebo, guest/sauna house with a new roof. Private 27 acre island in Marble Mountain. Connected with a bridge for easy access, this island is beautiful. Well appointed to enjoy the sunshine all day. This area boasts white sand, blue sky and water. The warm waters of the bras D'Or is ideal for water sports, swimming, fishing and so much more.

C$4049000

Residential For Sale

364 (6012) Macinnis Point Road Road, Marble Mountain Ns B0e 3k0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

3Bathroom(s)

C$4049000

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

1,950Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$299000

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,950Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 30 Common Cross Road, Saulnierville NS. This 4 bedroom home sits on 8.3 acres, just minutes from the village of Saulnierville and its amenities (grocery store, bank, gas station, pharmacy, gym, wharf). Upon entering you will find the large eat-in kitchen and formal dining room: which provides access to the attached garage.

C$299000

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

Listing courtesy of RE/MAX Banner Real Estate

4Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

25Picture(s)

1,170Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$179500

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,170Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

Located in the picturesque Acadian fishing village of Chéticamp, this charming 3-bedroom home offers the perfect blend of comfort and coastal charm. Situated on the west side of Cape Breton Island, near the breathtaking Cape Breton Highlands National Park, this home is just a short walk from popular eateries and local amenities.

C$179500

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$179500

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

28Picture(s)

921Sqft

Listing courtesy of Cape Breton Realty

C$199900

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

921Sqft

Listing courtesy of Cape Breton Realty

NEW KITCHEN in this Charming Waterfront Retreat in Guysborough County Step into this picturesque, vintage home perfectly perched on the tranquil shores of New Harbour, Guysborough County. This delightful and budget-friendly waterfront property has long been cherished as a summer getaway and now invites you to begin your own tradition.

C$199900

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

More Details

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

50Picture(s)

2,592Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$549900

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,592Sqft

Listing courtesy of RE/MAX Park Place Inc.

Located in Victoria County, where there are no foreign buyer restrictions - Your new beautiful log home awaits! Sitting on 6.5 picturesque acres overlooking the stunning Bras d'Or Lake channel, Kelly’s Mountain and the Seal Island Bridge. This lightly lived-in gem features natural wood throughout and beautiful HARDWOOD FLOORS.

C$549900

Residential For Sale

776 105 Highway, Boularderie East Ns B1x 1j4

Listing courtesy of RE/MAX Park Place Inc.

5Bedroom(s)

3Bathroom(s)

C$549900

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

More Details

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

50Picture(s)

4,436Sqft

Listing courtesy of Sotheby's International Realty Canada

C$999900

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

5Bedroom(s)

4Bathroom(s)

No GarageParking(s)

4,436Sqft

Listing courtesy of Sotheby's International Realty Canada

Your escape from reality awaits. 2125 Hillside Boularderie Road is a property like no other; with stunning water views, unique architectural details, and details that make this home stand out from everything else on the island. Thoughtfully crafted to create a European feel in Cape Breton, this 4,400 sq. ft.

C$999900

Residential For Sale

2125 Hillside Boularderie Road, Hillside Boularderie Ns B1y 2t5

Listing courtesy of Sotheby's International Realty Canada

5Bedroom(s)

4Bathroom(s)

C$999900

Residential For Sale

271 Broad Cove Banks Road, Inverness Ns B0e 1n0

More Details

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

50Picture(s)

2,690Sqft

Listing courtesy of Engel & Volkers

C$499900

Residential For Sale

271 Broad Cove Banks Road, Inverness Ns B0e 1n0

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

2,690Sqft

Listing courtesy of Engel & Volkers

Take in the panoramic vistas of the Northumberland Strait and the quaint and growing town of Inverness, Cape Breton Island. This home is nestled on almost three acres of rolling pasture with world class views of the Inverness Harbour and the entire town itself.

C$499900

Residential For Sale

271 Broad Cove Banks Road, Inverness Ns B0e 1n0

Listing courtesy of Engel & Volkers

3Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

45Picture(s)

716Sqft

Listing courtesy of Engel & Volkers (Liverpool)

C$399000

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

716Sqft

Listing courtesy of Engel & Volkers (Liverpool)

The logs for this authentic Western Canadian Log home were shipped from BC in 2003 and proudly assembled on a high point of this 3.9 acre, private, ocean front lot, overseeing the Jones Harbour Bay and the Atlantic Ocean. This very well-built sturdy home offers an open entertainment space with high ceilings, a cozy bedroom and a bathroom with a large shower showcasing a beach stone floor.

C$399000

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

Listing courtesy of Engel & Volkers (Liverpool)

2Bedroom(s)

1Bathroom(s)

C$399000

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

More Details

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

4Picture(s)

596Sqft

Listing courtesy of RE/MAX Nova

C$329900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

596Sqft

Listing courtesy of RE/MAX Nova

The Villages of Long Lake is a Bare Land Condo Development on the Shores of Long Lake in East Uniacke. It is only 30 minutes from Burnside, 35 minutes from Halifax, Dartmouth and the Airport. Every lot in the development includes deeded access to this PRISTINE Lake.

C$329900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$329900

4285 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

1331 Highway 3, Mill Village Ns B0j 2h0

Residential For Sale

Residential For Sale

Residential For Sale

4400 Second Division Road, Concession Ns B0w 1m0

Residential For Sale

Residential For Sale

Residential For Sale

1482 North Shore Road, North Shore Ns B0k 1e0

Residential For Sale

Residential For Sale

Residential For Sale

364 (6012) Macinnis Point Road Road, Marble Mountain Ns B0e 3k0

Residential For Sale

Residential For Sale

Residential For Sale

30 Common Cross Road, Saulnierville, NS B0W 2Z0

Residential For Sale

Residential For Sale

Residential For Sale

19 Chemin Bichoure Rd. Road, Chéticamp Ns B0e 1h0

Residential For Sale

Residential For Sale

Residential For Sale

1095 New Harbour Lundy Road, Larry's River Ns B0h 1t0

Residential For Sale

Residential For Sale

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.