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

20 Brown Street, Sydney Mines, NS B1V 2Y5

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

42Picture(s)

2,207Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

C$335000

Residential For Sale

20 Brown Street, Sydney Mines, NS B1V 2Y5

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,207Sqft

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

Welcome to 20 Brown Street, a charming and beautifully maintained two-storey home built in 1904, offering timeless character and over 2,227 sq. ft. of living space. Located in the heart of Sydney Mines, this spacious four-bedroom, 1.5-bath property blends classic craftsmanship with everyday comfort.

C$335000

Residential For Sale

20 Brown Street, Sydney Mines, NS B1V 2Y5

Listing courtesy of Royal Lepage Anchor Realty(North Sydney)

4Bedroom(s)

2Bathroom(s)

C$335000

Residential For Sale

15 Shore Road, Digby, NS B0V 1A0

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

28Picture(s)

729Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$175000

Residential For Sale

15 Shore Road, Digby, NS B0V 1A0

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

729Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

Welcome to your slice of Maritime heaven! Perched to capture breathtaking views of the world-renowned Annapolis Basin and its ever-changing tides, this charming two bedroom, one bathroom, raised bungalow is the perfect opportunity for first-time home buyers, those looking to downsize, or anyone dreaming of an idyllic summer getaway.

C$175000

Residential For Sale

15 Shore Road, Digby, NS B0V 1A0

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

2Bedroom(s)

1Bathroom(s)

C$175000

Residential For Sale

3761 Highway 3, Lower Argyle, NS B0W 1W0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

34Picture(s)

1,660Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$499000

Residential For Sale

3761 Highway 3, Lower Argyle, NS B0W 1W0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,660Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Discover coastal living at its finest in this charming 3-level side split, perfectly positioned on ±550 feet of breathtaking oceanfront. With the local wharf as your neighbor, this setting is ideal for fishermen, boaters, and anyone who loves life on the water.

C$499000

Residential For Sale

3761 Highway 3, Lower Argyle, NS B0W 1W0

Listing courtesy of Engel & Volkers (Yarmouth)

3Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

5469 Little Harbour Road, Little Harbour, NS B2H 5C4

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

31Picture(s)

2,096Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$549900

Residential For Sale

5469 Little Harbour Road, Little Harbour, NS B2H 5C4

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

2,096Sqft

Listing courtesy of Results Realty Atlantic Inc.

This recently renovated open-concept kitchen features maple cabinets and is complemented by a spacious dining area ideal for all meals. The living room offers ample natural light through large windows, creating a bright and inviting space. The main level includes three bedrooms, providing additional convenience.

C$549900

Residential For Sale

5469 Little Harbour Road, Little Harbour, NS B2H 5C4

Listing courtesy of Results Realty Atlantic Inc.

3Bedroom(s)

1Bathroom(s)

C$549900

Residential For Sale

2420 Westmount Street, Halifax, NS B3L 3G6

More Details

5Bedroom(s)

3Bathroom(s)

ConcreteParking(s)

44Picture(s)

2,450Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$875000

Residential For Sale

2420 Westmount Street, Halifax, NS B3L 3G6

5Bedroom(s)

3Bathroom(s)

ConcreteParking(s)

2,450Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to 2420 Westmount Street — a beautifully updated 4+1 bedroom (3 on 2nd level, 1 main level currently used as office & 1 basement), 3 bath family home on one of Halifax’s most loved streets. Westmount is known for its community spirit, with annual BBQs, festive neighbourhood events, and family camping trips that make it a truly special place to live.

C$875000

Residential For Sale

2420 Westmount Street, Halifax, NS B3L 3G6

Listing courtesy of Century 21 Trident Realty Ltd.

5Bedroom(s)

3Bathroom(s)

C$875000

Residential For Sale

1157 Upper Branch Road, Auburndale, NS B4V 3M7

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

29Picture(s)

1,104Sqft

Listing courtesy of EXIT Realty Inter Lake

C$344900

Residential For Sale

1157 Upper Branch Road, Auburndale, NS B4V 3M7

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,104Sqft

Listing courtesy of EXIT Realty Inter Lake

This charming 3-bedroom bungalow offers plenty of possibilities and is perfect for first-time buyers or a growing family. Located just minutes outside of town and only moments from the new Highway 103 on-ramp, this home combines peaceful living with convenient access. The property features a manageable yard—easy to maintain yet large enough to enjoy outdoor space.

C$344900

Residential For Sale

1157 Upper Branch Road, Auburndale, NS B4V 3M7

Listing courtesy of EXIT Realty Inter Lake

3Bedroom(s)

1Bathroom(s)

C$344900

Residential For Sale

2-unit 1 Sherwood, Enfield, NS B2T 0T2

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

38Picture(s)

1,708Sqft

Listing courtesy of Air Realty Limited

C$499999

Residential For Sale

2-unit 1 Sherwood, Enfield, NS B2T 0T2

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,708Sqft

Listing courtesy of Air Realty Limited

Introducing the beautiful and functional Meadowview semi-detached home, located on Sherwood Drive in Enfield. You will be instantly impressed by the bright and open foyer, spacious interior and modern finishes throughout. The main living area features an inviting open-concept design, with a charming kitchen with quartz countertops, and powder room off the living area.

C$499999

Residential For Sale

2-unit 1 Sherwood, Enfield, NS B2T 0T2

Listing courtesy of Air Realty Limited

3Bedroom(s)

3Bathroom(s)

C$499999

Residential For Sale

270 Fraser Road, Harmony, NS B6L 3K8

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

1,579Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$589500

Residential For Sale

270 Fraser Road, Harmony, NS B6L 3K8

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,579Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Well-maintained farmhouse sitting on 222 acres, featuring some cleared fields and gravel roads throughout the property. This is the perfect place to keep your horses, start a hobby farm, and live off the land. A fantastic bonus is the 36’x40’ wired garage with a loft and 10-foot doors. The family home is cozy and inviting, with a country kitchen that includes a wood stove.

C$589500

Residential For Sale

270 Fraser Road, Harmony, NS B6L 3K8

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

1Bathroom(s)

C$589500

Residential For Sale

1478 Old Route 5, Big Bras Dor, NS B1X 1C1

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

32Picture(s)

1,995Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$389000

Residential For Sale

1478 Old Route 5, Big Bras Dor, NS B1X 1C1

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,995Sqft

Listing courtesy of RE/MAX Park Place Inc.

A one of a kind property for those looking for acreage, privacy, waterfrontage, and at an affordable price. On the accessible waterside, enjoy 16 acres of land on approximately 530 feet of frontage on the Bras D'or Lake. There's an additional 88 acres on the high side as well, totaling 104 acres. This rare find also includes your very own sizable pond within the property to enjoy.

C$389000

Residential For Sale

1478 Old Route 5, Big Bras Dor, NS B1X 1C1

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

2Bathroom(s)

C$389000

Residential For Sale

1379 Salmon River Road, Lardoise, NS B6L 4C9

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

22Picture(s)

1,521Sqft

Listing courtesy of HonestDoor Inc

C$389000

Residential For Sale

1379 Salmon River Road, Lardoise, NS B6L 4C9

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,521Sqft

Listing courtesy of HonestDoor Inc

Click brochure link for more details** Entire upstairs main bedroom loft w/ensuite featuring river-rock shower, soaker tub, bidet, low profile toilet, double-sink granite counter. 2 main floor bedrooms, separate room for small home office, baby room or storage. 1Gb Bell Fiber internet. Convenient main floor 2 piece half bath.

C$389000

Residential For Sale

1379 Salmon River Road, Lardoise, NS B6L 4C9

Listing courtesy of HonestDoor Inc

3Bedroom(s)

2Bathroom(s)

C$389000

Residential For Sale

243 Pelham Street, Lunenburg, NS B0J 2C0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

49Picture(s)

2,100Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$998000

Residential For Sale

243 Pelham Street, Lunenburg, NS B0J 2C0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,100Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Constructed in 2010, this "upper and lower", traditional-contemporary design, is full of sun, set against Lunenburg's Blockhouse Hill facing the historic front harbour. The vintage architectural and nautical views to the working waterfront, make this 'nearly new' offering of premium ICF construction, a rarity within the historic fabric of Old Town.

C$998000

Residential For Sale

243 Pelham Street, Lunenburg, NS B0J 2C0

Listing courtesy of Engel & Volkers (Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$998000

Residential For Sale

18 Lois Lane, Simms Settlement, NS B3P 2T3

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

21Picture(s)

896Sqft

Listing courtesy of Keller Williams Select Realty

C$174900

Residential For Sale

18 Lois Lane, Simms Settlement, NS B3P 2T3

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

896Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to Ten Beaches Estates. This home is tucked away which provides privacy and serenity, the community is very well maintained and ‘this property is within the Shatford Trust area’. Home offers three bedrooms, one full bathroom, spacious eat in kitchen and bright oversized living room with pellet stove that keeps the whole home warm and cozy.

C$174900

Residential For Sale

18 Lois Lane, Simms Settlement, NS B3P 2T3

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$174900

3473 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

20 Brown Street, Sydney Mines, NS B1V 2Y5

Residential For Sale

Residential For Sale

Residential For Sale

15 Shore Road, Digby, NS B0V 1A0

Residential For Sale

Residential For Sale

Residential For Sale

3761 Highway 3, Lower Argyle, NS B0W 1W0

Residential For Sale

Residential For Sale

Residential For Sale

5469 Little Harbour Road, Little Harbour, NS B2H 5C4

Residential For Sale

Residential For Sale

Residential For Sale

2420 Westmount Street, Halifax, NS B3L 3G6

Residential For Sale

Residential For Sale

Residential For Sale

1157 Upper Branch Road, Auburndale, NS B4V 3M7

Residential For Sale

Residential For Sale

Residential For Sale

2-unit 1 Sherwood, Enfield, NS B2T 0T2

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.