Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

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

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

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

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

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

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

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Residential For Sale

10 Bonaventure Drive, Halifax, NS B3M 2P8

More Details

4Bedroom(s)

1Bathroom(s)

49Picture(s)

1,026Sqft

Listing courtesy of Exit Real Estate Professionals

C$449900

Residential For Sale

10 Bonaventure Drive, Halifax, NS B3M 2P8

4Bedroom(s)

1Bathroom(s)

1,026Sqft

Listing courtesy of Exit Real Estate Professionals

This four bedroom home in Halifax Nova Scotia is tucked away in a quiet and family friendly neighbourhood. Located just moments from Mount Saint Vincent University and set on a mature, lush and oversized lot with R2 zoning, the property once featured a second dwelling, offering added possible potential for future development. .

C$449900

Residential For Sale

10 Bonaventure Drive, Halifax, NS B3M 2P8

Listing courtesy of Exit Real Estate Professionals

4Bedroom(s)

1Bathroom(s)

C$449900

Residential For Sale

29 Rockdale Avenue, Glace Bay, NS B1A 4C1

More Details

3Bedroom(s)

1Bathroom(s)

DirtParking(s)

37Picture(s)

1,152Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$180000

Residential For Sale

29 Rockdale Avenue, Glace Bay, NS B1A 4C1

3Bedroom(s)

1Bathroom(s)

DirtParking(s)

1,152Sqft

Listing courtesy of RE/MAX Park Place Inc.

Sitting on a double lot this solid 2-storey home is just waiting for a new owner to write its next chapter. Situated in a great neighborhood and offering room for any addition that you may want to add in the coming years; gardens, garages, etc.. The main level of the home offers an eat in kitchen, dining room, living room and front foyer. Upstairs there are 3 bedrooms and a 4pce bathroom.

C$180000

Residential For Sale

29 Rockdale Avenue, Glace Bay, NS B1A 4C1

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

1Bathroom(s)

C$180000

Residential For Sale

409-114 Regency Park Drive, Halifax, NS B3S 1R9

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

39Picture(s)

1,492Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$449900

Residential For Sale

409-114 Regency Park Drive, Halifax, NS B3S 1R9

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,492Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to your spacious condo in ever popular Clayton Park! This meticulously maintained 2-bedroom plus den, 2-bathroom corner unit offers an open concept that’s filled with light and space. Imagine sipping your morning coffee while taking in the serene view of the fountain just outside your window.

C$449900

Residential For Sale

409-114 Regency Park Drive, Halifax, NS B3S 1R9

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

2Bathroom(s)

C$449900

Residential For Sale

633 King Street, New Waterford, NS B1H 3Z2

More Details

5Bedroom(s)

3Bathroom(s)

No GarageParking(s)

42Picture(s)

1,950Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$425000

Residential For Sale

633 King Street, New Waterford, NS B1H 3Z2

5Bedroom(s)

3Bathroom(s)

No GarageParking(s)

1,950Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

Exceptional, incredible - this one is hard to describe. Loads of incredible features. As you enter the rear mudroom (entry porch) there is a small laundry room with stacking washer and dryer and another area for storage and freezer. The eat-in kitchen has updated cabinets and beautiful stainless appliances. The main floor also has a nice size dining room and living room.

C$425000

Residential For Sale

633 King Street, New Waterford, NS B1H 3Z2

Listing courtesy of Harvey Realties Limited (St.Peters)

5Bedroom(s)

3Bathroom(s)

C$425000

Residential For Sale

5412 Highway 337 Cape George, Cape George, NS B2G 2L2

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

48Picture(s)

1,000Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$629000

Residential For Sale

5412 Highway 337 Cape George, Cape George, NS B2G 2L2

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,000Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

Architecturally designed (architect James Ireland, Toronto) - two bedroom two bathroom cliff side home with water frontage on beautiful St. George's Bay and views across the bay to Cape Breton and Cape George Lighthouse...

C$629000

Residential For Sale

5412 Highway 337 Cape George, Cape George, NS B2G 2L2

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

2Bedroom(s)

2Bathroom(s)

C$629000

Residential For Sale

406 Glen Rise Drive, Beaver Bank, NS B4E 1M3

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

41Picture(s)

896Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$235000

Residential For Sale

406 Glen Rise Drive, Beaver Bank, NS B4E 1M3

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

896Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 406 Glen Rise Drive! Situated on a tranquil street in popular Woodbine Park, this beautifully updated home is ready and waiting for new owners to move right in and enjoy. The home offers a bright spacious main living area with ductless heat pump, modern kitchen with stainless appliances.

C$235000

Residential For Sale

406 Glen Rise Drive, Beaver Bank, NS B4E 1M3

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

1Bathroom(s)

C$235000

Residential For Sale

1598 14 Highway, Centre Rawdon, NS B0N 1Z0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

24Picture(s)

1,450Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

C$299900

Residential For Sale

1598 14 Highway, Centre Rawdon, NS B0N 1Z0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,450Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

Looking for affordable living in the country? Come take a peak at this unique log home with ample space and pure classic style. There is 2 bedrooms on the 2nd level and room for more in the basement, 1.5 baths, nice bright spacious feel with lots of natural light. Full wide open walkout basement with a new wood and oil combo furnace. Private lot with 1.8 acres and tons of storage area.

C$299900

Residential For Sale

1598 14 Highway, Centre Rawdon, NS B0N 1Z0

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

2Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

1338 Victoria Road, Aylesford, NS B0P 1R0

More Details

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

34Picture(s)

1,600Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$325000

Residential For Sale

1338 Victoria Road, Aylesford, NS B0P 1R0

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,600Sqft

Listing courtesy of RE/MAX Banner Real Estate

Set on just over an acre bordered by mature trees, with established perennial gardens and a functional barn, this character home offers a practical layout and the flexibility of C3 zoning for a home based business. With quick access to Highway 101 and a 15 minute commute to 14 Wing Greenwood, it provides a quiet rural setting with an easy, commuter friendly location.

C$325000

Residential For Sale

1338 Victoria Road, Aylesford, NS B0P 1R0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$325000

Residential For Sale

13935 Highway 1, Hants Border, NS B0P 1L0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

21Picture(s)

1,163Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$339000

Residential For Sale

13935 Highway 1, Hants Border, NS B0P 1L0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,163Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

This charming 3 bedroom, 1 bath bungalow offers a spacious main level layout with all 3 bedrooms conveniently located together. The lovely kitchen and full 4 piece bath provide comfortable everyday living. A partially finished basement adds bonus space with a cozy rec room and the potential for a 4th bedroom, if an egress window is installed.

C$339000

Residential For Sale

13935 Highway 1, Hants Border, NS B0P 1L0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

1Bathroom(s)

C$339000

Residential For Sale

124 Legacy Street, Sydney, NS B1P 2X8

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

33Picture(s)

1,440Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$268500

Residential For Sale

124 Legacy Street, Sydney, NS B1P 2X8

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,440Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to 124 Legacy Street in Sydney! This 4 Bedroom, 2 Bathroom home has been meticulously cared for over the years and has received many updates including roofing shingles, vinyl windows, siding, and more recently, new flooring and newly painted walls throughout the main level.

C$268500

Residential For Sale

124 Legacy Street, Sydney, NS B1P 2X8

Listing courtesy of Coldwell Banker Boardwalk Realty

4Bedroom(s)

2Bathroom(s)

C$268500

Residential For Sale

102 Cottage Street, Pictou, NS B0K 1H0

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

49Picture(s)

1,160Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$239000

Residential For Sale

102 Cottage Street, Pictou, NS B0K 1H0

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,160Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Welcome to 102 Cottage Street—a warm and welcoming four-bedroom, one-bathroom family home tucked into one of Pictou’s most desirable residential areas. This move-in-ready property offers both comfort and practicality, with thoughtful updates and a layout designed for easy everyday living.

C$239000

Residential For Sale

102 Cottage Street, Pictou, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

4Bedroom(s)

1Bathroom(s)

C$239000

Residential For Sale

7 Bell Bay Way, Baddeck, NS B0C 1H0

More Details

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

35Picture(s)

1,650Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$160000

Residential For Sale

7 Bell Bay Way, Baddeck, NS B0C 1H0

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

1,650Sqft

Listing courtesy of RE/MAX Park Place Inc.

Your OPPORTUNITY to own an exquisite FRACTIONAL OWNERSHIP CONDO located in the prestigious Kildare Landing, Baddeck with GOLF PRIVILEGES & WATERFRONT access included. This ideal property offers you the luxury and convenience of owning a stunning three-bedroom, 2.

C$160000

Residential For Sale

7 Bell Bay Way, Baddeck, NS B0C 1H0

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

3Bathroom(s)

C$160000

3352 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

10 Bonaventure Drive, Halifax, NS B3M 2P8

Residential For Sale

Residential For Sale

Residential For Sale

29 Rockdale Avenue, Glace Bay, NS B1A 4C1

Residential For Sale

Residential For Sale

Residential For Sale

409-114 Regency Park Drive, Halifax, NS B3S 1R9

Residential For Sale

Residential For Sale

Residential For Sale

633 King Street, New Waterford, NS B1H 3Z2

Residential For Sale

Residential For Sale

Residential For Sale

5412 Highway 337 Cape George, Cape George, NS B2G 2L2

Residential For Sale

Residential For Sale

Residential For Sale

406 Glen Rise Drive, Beaver Bank, NS B4E 1M3

Residential For Sale

Residential For Sale

Residential For Sale

1598 14 Highway, Centre Rawdon, NS B0N 1Z0

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.