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

921 Purdy Road, Bear River, NS B0S 1B0

More Details

1Bedroom(s)

2Bathroom(s)

OtherParking(s)

35Picture(s)

512Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$329000

Residential For Sale

921 Purdy Road, Bear River, NS B0S 1B0

1Bedroom(s)

2Bathroom(s)

OtherParking(s)

512Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

1.9 acres. Unique opportunity to live year round in park-model Retreat by Keystone (Permanently sited manufactured *park-model* Retreat by Keystone on owned land, wheels/axels removed, with full services), located under RV Port, with steel roof + small addition offering a unheated enclosed entry, also with a steel roof ...

C$329000

Residential For Sale

921 Purdy Road, Bear River, NS B0S 1B0

Listing courtesy of Century 21 Trident Realty Ltd.

1Bedroom(s)

2Bathroom(s)

C$329000

Residential For Sale

29 Wild Rose Drive, East Mountain, NS B6L 2N3

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,370Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$399000

Residential For Sale

29 Wild Rose Drive, East Mountain, NS B6L 2N3

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,370Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Brand New Semi-Detached Home in East Mountain- Steps from Mountain Gulf Club. Located within walkingdistance of the gulf course and nestled on a quiet dead-end street, these newly built semi-detached homesin East Mountain offer the perfect blend of peaceful country living and modern comfort. Thoughtfullydesigned with in-floor heating throughout, 9 foot ceilings and premium finishes.

C$399000

Residential For Sale

29 Wild Rose Drive, East Mountain, NS B6L 2N3

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

755 Saulnierville Road, Saulnierville Station, NS B0W 2Z0

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

31Picture(s)

1,519Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$189000

Residential For Sale

755 Saulnierville Road, Saulnierville Station, NS B0W 2Z0

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,519Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Discover exceptional value with this affordable and recently renovated 4-bedroom home located in the heart of Saulnierville. Set on a welcoming country property, this home exudes classic charm, offering comfortable living for families, first-time buyers, or anyone seeking a peaceful rural lifestyle.

C$189000

Residential For Sale

755 Saulnierville Road, Saulnierville Station, NS B0W 2Z0

Listing courtesy of Engel & Volkers (Yarmouth)

4Bedroom(s)

1Bathroom(s)

C$189000

Residential For Sale

62 Trundle Crescent, Middle Sackville, NS B4E 2X2

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

29Picture(s)

1,976Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$549900

Residential For Sale

62 Trundle Crescent, Middle Sackville, NS B4E 2X2

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,976Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Located in the popular Millwood subdivision, this inviting 4-bedroom home sits on a quiet crescent and features a fully fenced yard with mature trees and shrubs offering excellent privacy. The main level boasts beautiful hardwood floors throughout the living room and is complemented by a fully updated, open-concept kitchen with new cabinets, counter tops and flooring.

C$549900

Residential For Sale

62 Trundle Crescent, Middle Sackville, NS B4E 2X2

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

967 Westmount Road, Sydney, NS B1R 1C5

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

31Picture(s)

1,485Sqft

Listing courtesy of 3% Realty Nova Scotia

C$269000

Residential For Sale

967 Westmount Road, Sydney, NS B1R 1C5

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,485Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 967 Westmount Road, a charming family home perfectly positioned in one of Cape Breton’s most desirable communities. Offering a beautiful view of the harbour, this 3-bedroom, 1-bathroom property delivers both comfort and convenience with spacious living areas inside and a generous yard outside.

C$269000

Residential For Sale

967 Westmount Road, Sydney, NS B1R 1C5

Listing courtesy of 3% Realty Nova Scotia

3Bedroom(s)

1Bathroom(s)

C$269000

Residential For Sale

6318 Lawrence Street, Halifax, NS B3L 1J9

More Details

4Bedroom(s)

3Bathroom(s)

PavedParking(s)

50Picture(s)

1,899Sqft

Listing courtesy of Press Realty Inc.

C$999900

Residential For Sale

6318 Lawrence Street, Halifax, NS B3L 1J9

4Bedroom(s)

3Bathroom(s)

PavedParking(s)

1,899Sqft

Listing courtesy of Press Realty Inc.

A wonderful family home in Halifax’s sought-after West End. This hard-to-find layout offers four bedrooms, all on the top floor, and three bathrooms, making it ideal for establishing your roots close to schools and amenities. After all, convenience is what the West End is all about.

C$999900

Residential For Sale

6318 Lawrence Street, Halifax, NS B3L 1J9

Listing courtesy of Press Realty Inc.

4Bedroom(s)

3Bathroom(s)

C$999900

Residential For Sale

30 Stanley Street, Sackville, NS B4E 1E9

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

20Picture(s)

1,015Sqft

Listing courtesy of RE/MAX Nova

C$239900

Residential For Sale

30 Stanley Street, Sackville, NS B4E 1E9

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,015Sqft

Listing courtesy of RE/MAX Nova

Welcome to 30 Stanley! This 3-bedroom, 1.5-bath home offers comfortable, low-maintenance living in a quiet and friendly neighborhood. The bright eat-in kitchen features a center island, perfect for meal prep and gatherings, while the laundry room provides ample storage. Relax and unwind on the deck, or take advantage of the 8x8 storage shed for tools, bikes, or extra belongings.

C$239900

Residential For Sale

30 Stanley Street, Sackville, NS B4E 1E9

Listing courtesy of RE/MAX Nova

3Bedroom(s)

2Bathroom(s)

C$239900

Residential For Sale

6266 Liverpool Street, Halifax, NS B3L 1X8

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

24Picture(s)

1,408Sqft

Listing courtesy of Coldwell Banker Maritime Realty

C$649900

Residential For Sale

6266 Liverpool Street, Halifax, NS B3L 1X8

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,408Sqft

Listing courtesy of Coldwell Banker Maritime Realty

AirBnB Potential! Welcome to 6266 Liverpool Street—a stylishly updated 3-bedroom, 2-bath townhouse tucked into one of Halifax’s most convenient West End pockets. Fully renovated and designed for easy living, this condo townhouse puts you steps from everything: cafés, grocery stores, pharmacies, parks, and some of the city’s best schools.

C$649900

Residential For Sale

6266 Liverpool Street, Halifax, NS B3L 1X8

Listing courtesy of Coldwell Banker Maritime Realty

3Bedroom(s)

2Bathroom(s)

C$649900

Residential For Sale

5567 Black Street, Halifax, NS B3K 1P8

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

50Picture(s)

1,638Sqft

Listing courtesy of Bryant Realty Atlantic

C$1100000

Residential For Sale

5567 Black Street, Halifax, NS B3K 1P8

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

1,638Sqft

Listing courtesy of Bryant Realty Atlantic

Stunning, renovated 4-bedroom character home in the heart of the Halifax peninsula, near the Hyrdrastone nighbourhood. This 2-storey detached home with parking has been wonderfully restored for today’s urban living and is located on a quiet, tree-lined, heritage-filled street.

C$1100000

Residential For Sale

5567 Black Street, Halifax, NS B3K 1P8

Listing courtesy of Bryant Realty Atlantic

4Bedroom(s)

3Bathroom(s)

C$1100000

Residential For Sale

69 Old Post Road, Barrington, NS B0W 1E0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

34Picture(s)

2,080Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

C$275000

Residential For Sale

69 Old Post Road, Barrington, NS B0W 1E0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,080Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

This property is more than a 3 bedroom 1 bath bungalow in an excellent location. There are also 2 one bedroom units, all with their own power meter and electrical panel. You can now afford to buy and let the 2 rental units cover most of your mortgage. The home is well constructed and maintained. The upper level is a 3 bedroom/1 bath home with access from the front and the side.

C$275000

Residential For Sale

69 Old Post Road, Barrington, NS B0W 1E0

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

5Bedroom(s)

3Bathroom(s)

C$275000

Residential For Sale

8 Dufferin Mines Road, Port Dufferin, NS B0J 2R0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

45Picture(s)

3,112Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$349900

Residential For Sale

8 Dufferin Mines Road, Port Dufferin, NS B0J 2R0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,112Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Discover the timeless beauty of this stately Atlantic coastal estate set gracefully on a prominent corner lot with two cast-iron gated driveways plus a separate gated service entrance. This grand two-storey residence offers sweeping views of the ocean, wrapped in classic architectural charm and the unmistakable presence of an past-world estate.

C$349900

Residential For Sale

8 Dufferin Mines Road, Port Dufferin, NS B0J 2R0

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

3Bathroom(s)

C$349900

Residential For Sale

5062-70 Knotwood Lane, Middle Sackville, NS B4E 0W7

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1Picture(s)

2,393Sqft

Listing courtesy of Sutton Group Professional Realty

C$1089900

Residential For Sale

5062-70 Knotwood Lane, Middle Sackville, NS B4E 0W7

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,393Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to “The Eventide” by Marchand Homes, a stunning two-storey design to be built on 4.25 acres of land with lake frontage on Drain Lake, in the highly sought-after community of Indigo Shores. Offering 2,392 sq. ft.

C$1089900

Residential For Sale

5062-70 Knotwood Lane, Middle Sackville, NS B4E 0W7

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$1089900

3354 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

921 Purdy Road, Bear River, NS B0S 1B0

Residential For Sale

Residential For Sale

Residential For Sale

29 Wild Rose Drive, East Mountain, NS B6L 2N3

Residential For Sale

Residential For Sale

Residential For Sale

755 Saulnierville Road, Saulnierville Station, NS B0W 2Z0

Residential For Sale

Residential For Sale

Residential For Sale

62 Trundle Crescent, Middle Sackville, NS B4E 2X2

Residential For Sale

Residential For Sale

Residential For Sale

967 Westmount Road, Sydney, NS B1R 1C5

Residential For Sale

Residential For Sale

Residential For Sale

6318 Lawrence Street, Halifax, NS B3L 1J9

Residential For Sale

Residential For Sale

Residential For Sale

30 Stanley Street, Sackville, NS B4E 1E9

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.