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

1003-67 Kings Wharf Place, Dartmouth, NS B2Y 0C6

More Details

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,354Sqft

Listing courtesy of Exit Realty Metro

C$899900

Residential For Sale

1003-67 Kings Wharf Place, Dartmouth, NS B2Y 0C6

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,354Sqft

Listing courtesy of Exit Realty Metro

Perched on the 10th floor, this impressive corner condo showcases sweeping panoramic views of the Halifax Harbour. This exceptional residence features 3 beds, 2 baths, natural gas heating & cooling & a cozy natural gas fireplace framed by custom built-ins, all enhanced by rich engineered hardwood flooring.

C$899900

Residential For Sale

1003-67 Kings Wharf Place, Dartmouth, NS B2Y 0C6

Listing courtesy of Exit Realty Metro

3Bedroom(s)

2Bathroom(s)

C$899900

Residential For Sale

8278 St Margarets Bay Road, Black Point, NS B0J 0C2

More Details

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

26Picture(s)

1,203Sqft

Listing courtesy of Red Door Realty

C$549000

Residential For Sale

8278 St Margarets Bay Road, Black Point, NS B0J 0C2

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,203Sqft

Listing courtesy of Red Door Realty

This compact home boasts over 100 feet of waterfront on a tidal pond, perfect for leisurely kayak or canoe treks - and - views of the ocean! Located in Black Point, this home enjoys deeded access to one of the most beautiful beaches in St. Margaret’s Bay.

C$549000

Residential For Sale

8278 St Margarets Bay Road, Black Point, NS B0J 0C2

Listing courtesy of Red Door Realty

2Bedroom(s)

2Bathroom(s)

C$549000

Residential For Sale

167 Ravines Drive, Bedford, NS B4A 0B8

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

49Picture(s)

3,425Sqft

Listing courtesy of Exit Realty Metro

C$959900

Residential For Sale

167 Ravines Drive, Bedford, NS B4A 0B8

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,425Sqft

Listing courtesy of Exit Realty Metro

Welcome to 167 Ravines Drive—an elegant, expansive 5-bedroom, 4-bathroom home in one of Bedford’s most sought-after neighbourhoods. Built in 2008 and offering nearly 3,500 sq. ft. of finished living space, this three-level home blends timeless finishes with thoughtful upgrades, including fresh paint throughout, a ducted heat pump, and a 2020 hot water tank.

C$959900

Residential For Sale

167 Ravines Drive, Bedford, NS B4A 0B8

Listing courtesy of Exit Realty Metro

5Bedroom(s)

4Bathroom(s)

C$959900

Residential For Sale

200 Montague Street, Lunenburg, NS B0J 2C0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

34Picture(s)

1,425Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

C$700000

Residential For Sale

200 Montague Street, Lunenburg, NS B0J 2C0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,425Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

A RARE FIND !! This detached home built in 1827 boasts one of the most coveted views in all of UNESCO designated Old Town Lunenburg. Perfectly situated overlooking the vibrant working waterfront where traditional marine trades/activities still prevail.

C$700000

Residential For Sale

200 Montague Street, Lunenburg, NS B0J 2C0

Listing courtesy of Keller Williams Select Realty (Lunenburg)

2Bedroom(s)

1Bathroom(s)

C$700000

Residential For Sale

156 Main Shore Road, Milton Highlands, NS B5A 5H1

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

33Picture(s)

2,187Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

C$369900

Residential For Sale

156 Main Shore Road, Milton Highlands, NS B5A 5H1

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,187Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

156 Main Shore Road is a century home with a distinctly warm and uplifting atmosphere the kind of place where natural light, thoughtful updates, and character details come together effortlessly. Set just minutes from town and the Yarmouth Regional Hospital, this property offers the ideal balance between convenience and the relaxed feel of country living. Inside, the home carries an inviting flow.

C$369900

Residential For Sale

156 Main Shore Road, Milton Highlands, NS B5A 5H1

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

4Bedroom(s)

2Bathroom(s)

C$369900

Residential For Sale

45 Pleasant Street, Mahone Bay, NS B0J 2E0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

42Picture(s)

3,226Sqft

Listing courtesy of Engel & Volkers (Chester)

C$1150000

Residential For Sale

45 Pleasant Street, Mahone Bay, NS B0J 2E0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,226Sqft

Listing courtesy of Engel & Volkers (Chester)

Mahone Bay Charmer with Potential Income. In the charming seaside Town of Mahone Bay, with its vibrant local culture, sits this immaculate home awaiting new owners. Ideally located within steps of the downtown shops, restaurants, waterfront, walking trails, and all the essential services, everything in town is at your fingertips, yet you are tucked perfectly away from the hustle and bustle.

C$1150000

Residential For Sale

45 Pleasant Street, Mahone Bay, NS B0J 2E0

Listing courtesy of Engel & Volkers (Chester)

4Bedroom(s)

3Bathroom(s)

C$1150000

Residential For Sale

54 Oak Street, Pictou, NS B0K 1H0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

15Picture(s)

960Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$290000

Residential For Sale

54 Oak Street, Pictou, NS B0K 1H0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

960Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

You Can Be In by Christmas! Welcome to 54 Oak Street, Pictou. Step inside this beautifully crafted, brand-new home and instantly feel the care and pride poured into every detail. Thoughtfully designed from the ground up, this 2-bedroom, 1-bath gem offers modern comfort with a warm, welcoming feel. The kind of home you truly need to experience in person to appreciate. The layout is exceptional.

C$290000

Residential For Sale

54 Oak Street, Pictou, NS B0K 1H0

Listing courtesy of Royal LePage Atlantic(Stellarton)

2Bedroom(s)

1Bathroom(s)

C$290000

Residential For Sale

5551 Sullivan Street, Halifax, NS B3K 1X6

More Details

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

40Picture(s)

1,190Sqft

Listing courtesy of Engel & Volkers

C$799900

Residential For Sale

5551 Sullivan Street, Halifax, NS B3K 1X6

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,190Sqft

Listing courtesy of Engel & Volkers

The classic craftsmanship of this 100 year old home has been perfectly maintained in this custom renovation.

C$799900

Residential For Sale

5551 Sullivan Street, Halifax, NS B3K 1X6

Listing courtesy of Engel & Volkers

3Bedroom(s)

3Bathroom(s)

C$799900

Residential For Sale

411 Robie Street, Truro, NS B2N 1M1

More Details

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

40Picture(s)

1,972Sqft

Listing courtesy of Exit Real Estate Professionals

C$399900

Residential For Sale

411 Robie Street, Truro, NS B2N 1M1

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,972Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 411 Robie Street, where classic charm meets thoughtful modern upgrades in the heart of Truro’s vibrant, community-centered neighbourhood. This warm and inviting 3 bedroom, 1 bathroom home feels like a peaceful retreat the moment you step inside, with bright, open spaces that flow naturally from room to room. The home has been updated with care and intention.

C$399900

Residential For Sale

411 Robie Street, Truro, NS B2N 1M1

Listing courtesy of Exit Real Estate Professionals

3Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

2858 2 Highway, Shubenacadie, NS B0N 2H0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

22Picture(s)

1,120Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

C$349900

Residential For Sale

2858 2 Highway, Shubenacadie, NS B0N 2H0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,120Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

Located in the heart of Shubenacadie awaits your 1 level living 2 bedroom 2 bath home with a 20x20 attached garage. Situated on a fully serviced lot with a paved driveway and a fenced back yard. This home is a frost wall with a dry crawl space. Rooms are bright a cozy and an open concept living area. Lots of renos done over the last 2 years and it shows well.

C$349900

Residential For Sale

2858 2 Highway, Shubenacadie, NS B0N 2H0

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

2Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

570 Rockland Road, Rockland, NS B0T 1V0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

45Picture(s)

1,266Sqft

Listing courtesy of MBA Country Real Estate Brokers

C$397000

Residential For Sale

570 Rockland Road, Rockland, NS B0T 1V0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,266Sqft

Listing courtesy of MBA Country Real Estate Brokers

Nicely updated character home on 11.7 acres with 560 feet of direct ocean frontage. Private setting on well-maintained road, just eight minutes from Lockeport. Rare combination of charming home, ocean frontage and privacy. Home is approximately 100 years old with many updates. Three bedrooms, 1.

C$397000

Residential For Sale

570 Rockland Road, Rockland, NS B0T 1V0

Listing courtesy of MBA Country Real Estate Brokers

3Bedroom(s)

2Bathroom(s)

C$397000

Residential For Sale

182 Canaan Avenue, Kentville, NS B4N 2B1

More Details

3Bedroom(s)

2Bathroom(s)

CarportParking(s)

31Picture(s)

1,579Sqft

Listing courtesy of Exit Realty Town & Country

C$335000

Residential For Sale

182 Canaan Avenue, Kentville, NS B4N 2B1

3Bedroom(s)

2Bathroom(s)

CarportParking(s)

1,579Sqft

Listing courtesy of Exit Realty Town & Country

Situated on a great corner lot this home in a great little section of Kentville features 3 bedrooms and 1.5 bathrooms. Newer laminate flooring throughout the main level highlights the large living area and eat in kitchen. Heat this main space with a cozy wood stove to keep your power costs low! A full bath and ample sized bedrooms complete this main level.

C$335000

Residential For Sale

182 Canaan Avenue, Kentville, NS B4N 2B1

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

2Bathroom(s)

C$335000

3355 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

1003-67 Kings Wharf Place, Dartmouth, NS B2Y 0C6

Residential For Sale

Residential For Sale

Residential For Sale

8278 St Margarets Bay Road, Black Point, NS B0J 0C2

Residential For Sale

Residential For Sale

Residential For Sale

167 Ravines Drive, Bedford, NS B4A 0B8

Residential For Sale

Residential For Sale

Residential For Sale

200 Montague Street, Lunenburg, NS B0J 2C0

Residential For Sale

Residential For Sale

Residential For Sale

156 Main Shore Road, Milton Highlands, NS B5A 5H1

Residential For Sale

Residential For Sale

Residential For Sale

45 Pleasant Street, Mahone Bay, NS B0J 2E0

Residential For Sale

Residential For Sale

Residential For Sale

54 Oak Street, Pictou, NS B0K 1H0

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.