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

136 Middle Village Road, West Dover, NS B3Z 3T3

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

2,376Sqft

Listing courtesy of Century 21 Optimum Realty

C$625000

Residential For Sale

136 Middle Village Road, West Dover, NS B3Z 3T3

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,376Sqft

Listing courtesy of Century 21 Optimum Realty

Nestled in the picturesque seaside community of West Dover, this exceptional five-bedroom, four-bath home sits on 2.24 acres of natural Nova Scotia beauty, blending contemporary design with functional luxury just 30 minutes from Halifax and minutes from iconic Peggy’s Cove.

C$625000

Residential For Sale

136 Middle Village Road, West Dover, NS B3Z 3T3

Listing courtesy of Century 21 Optimum Realty

5Bedroom(s)

4Bathroom(s)

C$625000

Residential For Sale

75 Lawnwood Drive, Truro, NS B2N 1R9

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

2,100Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$499000

Residential For Sale

75 Lawnwood Drive, Truro, NS B2N 1R9

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,100Sqft

Listing courtesy of Viewpoint Realty Services Inc.

75 Lawnwood Drive, Truro 4 Bedrooms | 2 Baths | Garage | Extra-Large Lot | Quiet Dead-End Street Welcome to 75 Lawnwood Drive — a beautifully updated 4-bedroom, 2-bath bungalow tucked away at the end of a peaceful dead-end street in Truro.

C$499000

Residential For Sale

75 Lawnwood Drive, Truro, NS B2N 1R9

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

10 Pine Ridge Rd., Lower South River, NS B2G 0B4

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

19Picture(s)

1,232Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

C$339000

Residential For Sale

10 Pine Ridge Rd., Lower South River, NS B2G 0B4

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,232Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

A remarkable property located in Vibrant Community of Lower South River just 5 mins from the Town of Antigonish. A 3 Bedroom, 2 Bathroom Home, built with top of the line craftsmanship. Boasting an Eat-in Kitchen that opens up into a Large Living Room. 3 Large Bedrooms and a 4 piece Bathroom on the Main level.

C$339000

Residential For Sale

10 Pine Ridge Rd., Lower South River, NS B2G 0B4

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

3Bedroom(s)

2Bathroom(s)

C$339000

Residential For Sale

390 Gleneagles Drive, Hammonds Plains, NS B4B 1V8

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

3,426Sqft

Listing courtesy of Royal LePage Atlantic

C$1199900

Residential For Sale

390 Gleneagles Drive, Hammonds Plains, NS B4B 1V8

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,426Sqft

Listing courtesy of Royal LePage Atlantic

Where luxury and nature meet in perfect balance - Welcome to your private 2.5-acre riverfront retreat just 30 minutes from downtown Halifax. Meticulously upgraded and cared for, this estate offers an effortless blend of curated design, serenity, and function. With 195 feet of river frontage flowing into McCabe Lake, the setting is quiet, restorative, and completely your own.

C$1199900

Residential For Sale

390 Gleneagles Drive, Hammonds Plains, NS B4B 1V8

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

3Bathroom(s)

C$1199900

Residential For Sale

593 Upper Prince Street, Sydney, NS B1P 5M3

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

8Picture(s)

1,004Sqft

Listing courtesy of VALMAC REALTY LTD. - 16139

C$239000

Residential For Sale

593 Upper Prince Street, Sydney, NS B1P 5M3

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,004Sqft

Listing courtesy of VALMAC REALTY LTD. - 16139

Three-Bedroom Single-Family Home – Excellent Investment Opportunity Presently rented, this well-maintained three-bedroom single-family home is located in a desirable area of Sydney. Annual rental income for 2024 totals $22,020. Tenants are responsible for oil ($2,960), electricity ($2,425), and water ($1,250) expenses. The property tax ($1,583) and insurance are paid by the owner.

C$239000

Residential For Sale

593 Upper Prince Street, Sydney, NS B1P 5M3

Listing courtesy of VALMAC REALTY LTD. - 16139

3Bedroom(s)

1Bathroom(s)

C$239000

Residential For Sale

179 Pearl Street, Wileville, NS B4V 5H6

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

18Picture(s)

747Sqft

Listing courtesy of PG Direct Realty Ltd.

C$269000

Residential For Sale

179 Pearl Street, Wileville, NS B4V 5H6

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

747Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Perfectly Located 2-Bedroom Bungalow – Country Quiet, Town Convenience! Discover the best of both worlds in this cozy 2-bedroom bungalow — ideally located on the edge of Bridgewater you've got the benefit of being "in town" without the cost of town taxes.

C$269000

Residential For Sale

179 Pearl Street, Wileville, NS B4V 5H6

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$269000

Residential For Sale

48 Herbert Street, New Glasgow, NS B2H 1J3

More Details

4Bedroom(s)

2Bathroom(s)

NoneParking(s)

50Picture(s)

1,543Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$374900

Residential For Sale

48 Herbert Street, New Glasgow, NS B2H 1J3

4Bedroom(s)

2Bathroom(s)

NoneParking(s)

1,543Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Nestled at the top of the lot in a fantastic location, this beautifully remodeled 4-bedroom, 2-bathroom home offers a wonderful blend of modern comfort and classic charm. From the moment you arrive, the circular driveway and attractive exterior create a welcoming first impression. The spacious backyard is perfect for outdoor fun and relaxation.

C$374900

Residential For Sale

48 Herbert Street, New Glasgow, NS B2H 1J3

Listing courtesy of Blinkhorn Real Estate Ltd.

4Bedroom(s)

2Bathroom(s)

C$374900

Residential For Sale

135 West River Road, Pictou, NS B0K 1H0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

892Sqft

Listing courtesy of RE/MAX Nova

C$349000

Residential For Sale

135 West River Road, Pictou, NS B0K 1H0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

892Sqft

Listing courtesy of RE/MAX Nova

Behind a full privacy fence, this exceptional home offers comfort, function and style nestled in beautiful Pictou. Every inch has been thoughtfully upgraded. The home offers a poured foundation, metal roof and upgraded electrical for total peace of mind. Inside, enjoy a modern kitchen with new appliances (fridge, stove, rangehood, microwave, DW).

C$349000

Residential For Sale

135 West River Road, Pictou, NS B0K 1H0

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$349000

Residential For Sale

790 Montague Road, Montague Gold Mines, NS B2R 1V5

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,691Sqft

Listing courtesy of Royal LePage Atlantic

C$949900

Residential For Sale

790 Montague Road, Montague Gold Mines, NS B2R 1V5

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,691Sqft

Listing courtesy of Royal LePage Atlantic

Nestled on a private, treed lot of with well over 2 acres of land, this beautifully maintained 3-bedroom, 3-bath bungalow offers exceptional space, comfort, and flexibility. The bright open-concept main level is ideal for modern living, featuring a stunning sunroom with vaulted ceilings and expansive windows that bring the outdoors inside.

C$949900

Residential For Sale

790 Montague Road, Montague Gold Mines, NS B2R 1V5

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$949900

Residential For Sale

223-225 Forest Street, Yarmouth, NS B5A 5H4

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,482Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

C$620000

Residential For Sale

223-225 Forest Street, Yarmouth, NS B5A 5H4

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,482Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

Rare opportunity in the town of Yarmouth: two homes on one expansive lot. The property features a meticulously renovated 2.5-story character home with new plumbing and wiring throughout. Additionally, at the back of the property, there is a two-bedroom, one-bathroom secondary suite with a built-in garage, constructed in 2023.

C$620000

Residential For Sale

223-225 Forest Street, Yarmouth, NS B5A 5H4

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

5Bedroom(s)

3Bathroom(s)

C$620000

Residential For Sale

144 Thompson Run, Hammonds Plains, NS B4B 1T7

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

49Picture(s)

6,177Sqft

Listing courtesy of Sotheby's International Realty Canada

C$1595000

Residential For Sale

144 Thompson Run, Hammonds Plains, NS B4B 1T7

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

6,177Sqft

Listing courtesy of Sotheby's International Realty Canada

At 144 Thompson Run, grandeur meets serenity in an estate that redefines family living. Set within one of Hammonds Plains’ most desirable golf communities, it balances timeless elegance with modern luxuries across over 6,000 sq.ft. of living space.

C$1595000

Residential For Sale

144 Thompson Run, Hammonds Plains, NS B4B 1T7

Listing courtesy of Sotheby's International Realty Canada

5Bedroom(s)

4Bathroom(s)

C$1595000

Residential For Sale

110-1 Prince Street, Dartmouth, NS B2Y 4L3

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

44Picture(s)

1,218Sqft

Listing courtesy of Royal LePage Atlantic

C$489000

Residential For Sale

110-1 Prince Street, Dartmouth, NS B2Y 4L3

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,218Sqft

Listing courtesy of Royal LePage Atlantic

Enjoy the best of downtown Dartmouth living in this beautifully updated two-level condo that feels more like a home than an apartment. Perfectly situated for comfort and convenience, this unit offers easy access to the garage, pool area, common room, library, courtyard, and both Prince Street and Alderney Drive.

C$489000

Residential For Sale

110-1 Prince Street, Dartmouth, NS B2Y 4L3

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$489000

4276 Results returned.Per Page

Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

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

– save for a down payment

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How to Stop Paying Rent and Own Your Own Home

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

– save for a down payment

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

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

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

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

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

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

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

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

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

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

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

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

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

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

9 Buyer Traps & How to Avoid Them

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

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

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

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

The 9 Buyer Traps

Bidding Blind

Buying the Wrong Home.

Unclear Title.

Inaccurate Survey.

Undisclosed Fix-ups.

Not Getting Mortgage Preapproval.

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

Contract Misses.

Hidden Costs.

Rushing the Closing.

One More Tip…

Residential For Sale

136 Middle Village Road, West Dover, NS B3Z 3T3

Residential For Sale

Residential For Sale

Residential For Sale

75 Lawnwood Drive, Truro, NS B2N 1R9

Residential For Sale

Residential For Sale

Residential For Sale

10 Pine Ridge Rd., Lower South River, NS B2G 0B4

Residential For Sale

Residential For Sale

Residential For Sale

390 Gleneagles Drive, Hammonds Plains, NS B4B 1V8

Residential For Sale

Residential For Sale

Residential For Sale

593 Upper Prince Street, Sydney, NS B1P 5M3

Residential For Sale

Residential For Sale

Residential For Sale

179 Pearl Street, Wileville, NS B4V 5H6

Residential For Sale

Residential For Sale

Residential For Sale

48 Herbert Street, New Glasgow, NS B2H 1J3

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.