Don't Pay Another Cent in Rent To Your Landlord

"If you're like most renters, you feel trapped within the walls of a house or apartment that doesn't feel like yours.


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.Don't Feel Trapped AnymoreIt 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:

1 Save for a down payment
2 Stop lining your landlord's pockets
3 stop wasting thousands of dollars on rent.


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 that 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:
1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. You can and should, get pre-approved for a home loan before you go looking for a home. Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written pre-approval 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 pre-approval 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.

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 Hemang Upadhyaya
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. 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.

Hemang Upadhyaya-REALTOR

Welcome. I am Hemang Upadhyaya-Your Realtor for Life.

I am a Sales Representative with Re/Max West in Toronto.I specialize in Residential Home Sales and Purchases of Single Family Homes, Townhouses and Condominiums and Commercial. Your dream home is my goal. Call me for great service at 416-300-7260.

I am committed to providing uncompromising service to all my clients. Under promise and over perform is my mantra. My education and experience have given me the skill of listening to my clients and understanding what their ultimate goals are with their Home Purchases and Sells. You can feel free to contact me for most resources including but not limited to telephone numbers to utilities and the location of the nearest golf course, etc. I try to make the transition into a new area, city etc., as pleasant as possible. If I don't know, I'll do my best to find out. Being a REALTOR® means more than just selling homes. My clients become personal friends who know that once the deal is done, they can still count on me to be there for questions, comments and concerns. No job is big or small, I take the challenge. Whether you are a first time buyer or an experienced investor, I always focus on your goals, you'll find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed decision in today's market. I do quality research and analysis, even to address your smallest concerns. What type of home are you looking for? I am a real estate professional who gives you the needed information whenever you need it. Your time is valuable. With real life experience in business and industry, I am qualified to successfully manage your special real estate transaction. I Am Here To Help you in achieving your goals.