But there isn't a lot of calculation involved, other than figuring out what your payments would be on different principal amounts, and any widely available online mortgage calculator can do this for you in two seconds. 

The seller bought the house back in 2006 with only his name on the mortgage and deed.

The rates for derby weekend are enough to pay 6 months of mortgage, taxes, and insurance.Isn't there a saying for people who assume things?

Also, get construction loans that convert into a mortgage so a worst case scenario you can make payments instead of worrying about a balloon payment. 

Your best bet is a construction loan from a bank that you can turn into a traditional mortgage after its built.

Thank you, Shayne Get in touch with a mortgage broker or lender and talk with them about your situation.

Can anyone recommend a Mortgage Broker in Halifax, NS (or surrounding areas) that you have worked with, had a positive relationship, and that have experience with RE Investors?

If their was an old mortgage, get a mortgage release.

This way they get their asking price, a large chunk of cash to put down on a house, and they're new mortgage will most likely be covered by my payment.

I don't love it because of the mortgage insurance if I put < 20%.