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

7 Bell Bay Way, Baddeck, NS B0C 1H0

More Details

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

44Picture(s)

1,650Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$169000

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$169000

Residential For Sale

7 Bell Bay Way, Baddeck, NS B0C 1H0

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

3Bathroom(s)

C$169000

Residential For Sale

202 Payzant Drive, Windsor, NS B0N 2J0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,481Sqft

Listing courtesy of Royal LePage Atlantic

C$389900

Residential For Sale

202 Payzant Drive, Windsor, NS B0N 2J0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,481Sqft

Listing courtesy of Royal LePage Atlantic

A sweet home, sweet renovations, sweet location and a sweet price! Say hello to 202 Payzant Drive, a move-in ready gem in the heart of Windsor that blends modern updates with small-town charm! This 3 bedroom, 1.5 bath home has been lovingly refreshed so you can simply unpack and enjoy.

C$389900

Residential For Sale

202 Payzant Drive, Windsor, NS B0N 2J0

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$389900

Residential For Sale

11 Hood Crescent, Yarmouth, NS B5A 4H6

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

40Picture(s)

1,931Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$359000

Residential For Sale

11 Hood Crescent, Yarmouth, NS B5A 4H6

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,931Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to 11 Hood Crescent, a comfortable and well-kept 3-bedroom, 2-bath home in a desirable neighborhood. Ideally located within walking distance of Meadowfields School and Burridge Campus, this property offers both convenience and family appeal. The main level features a large living room, functional kitchen, and dining area suited for everyday living.

C$359000

Residential For Sale

11 Hood Crescent, Yarmouth, NS B5A 4H6

Listing courtesy of Engel & Volkers (Yarmouth)

3Bedroom(s)

2Bathroom(s)

C$359000

Residential For Sale

124 Glenforest Drive, Clayton Park, NS B3M 2Y6

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,630Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$615000

Residential For Sale

124 Glenforest Drive, Clayton Park, NS B3M 2Y6

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,630Sqft

Listing courtesy of EXP Realty of Canada Inc.

Welcome to one-level living just minutes from the Halifax Peninsula. This spacious bungalow offers a rare combination of square footage, location, and potential. With three bedrooms on the main floor - including a primary with ensuite - plus a bright living room, dining area, and large kitchen footprint, the layout delivers all the essentials with room to grow.

C$615000

Residential For Sale

124 Glenforest Drive, Clayton Park, NS B3M 2Y6

Listing courtesy of EXP Realty of Canada Inc.

4Bedroom(s)

3Bathroom(s)

C$615000

Residential For Sale

360 Oceanstone Drive, Upper Tantallon, NS B3Z 0A8

More Details

7Bedroom(s)

5Bathroom(s)

AttachedParking(s)

50Picture(s)

4,178Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$1349900

Residential For Sale

360 Oceanstone Drive, Upper Tantallon, NS B3Z 0A8

7Bedroom(s)

5Bathroom(s)

AttachedParking(s)

4,178Sqft

Listing courtesy of The Agency Real Estate Brokerage

A show-stopping lakefront masterpiece in Westwood Hills! This like-new Collins Homes build offers over 4,500 sqft of style, space & sophistication on 2 acres with direct frontage on beautiful Coon Lake. Designed to impress, this 7-bed, 5-bath home blends timeless craftsmanship with modern elegance.

C$1349900

Residential For Sale

360 Oceanstone Drive, Upper Tantallon, NS B3Z 0A8

Listing courtesy of The Agency Real Estate Brokerage

7Bedroom(s)

5Bathroom(s)

C$1349900

Residential For Sale

2041 Clarence Road, Clarence, NS B0S 1C0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

49Picture(s)

1,416Sqft

Listing courtesy of PG Direct Realty Ltd.

C$695000

Residential For Sale

2041 Clarence Road, Clarence, NS B0S 1C0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,416Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Beautiful and rare 60 acre south facing hobby farm on quiet paved road, 10 minutes from all amenities. Extensive verandah and massive rear deck. The 3-bedroom 2 full bath home is brightly lit by many windows and modern interior finishes. Recently painted and detailed inside and out. Paved driveway. Extensive developed walking/riding trails.

C$695000

Residential For Sale

2041 Clarence Road, Clarence, NS B0S 1C0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$695000

Residential For Sale

37 Andys Avenue, Bible Hill, NS B2N 2W9

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

32Picture(s)

1,184Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$249900

Residential For Sale

37 Andys Avenue, Bible Hill, NS B2N 2W9

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,184Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Looking for a new mini home without having to wait for build and delivery times? Look no further than 37 Andy's Ave located in Bible Hill Estates Park. This 2025 16x74 mini home was designed with comfort and modern living in mind. Offering three generous sized bedrooms and plenty of storage space throughout, this home is perfect for families or those looking for extra space.

C$249900

Residential For Sale

37 Andys Avenue, Bible Hill, NS B2N 2W9

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$249900

Residential For Sale

4598 Grand Mira North, Grand Mira North, NS B1K 3V1

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

40Picture(s)

3,415Sqft

Listing courtesy of Dockside Realty

C$425000

Residential For Sale

4598 Grand Mira North, Grand Mira North, NS B1K 3V1

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,415Sqft

Listing courtesy of Dockside Realty

Just 10 minutes from Marion Bridge and 30 minutes from Sydney, this 10-acre riverfront property offers the perfect blend of privacy, versatility, and natural beauty. With over 1,100 feet of frontage, the setting is ideal for family living, hobby farming, or keeping horses, all within minutes of Two Rivers Wildlife Park.

C$425000

Residential For Sale

4598 Grand Mira North, Grand Mira North, NS B1K 3V1

Listing courtesy of Dockside Realty

5Bedroom(s)

4Bathroom(s)

C$425000

Residential For Sale

269 Village Path, Vaughan, NS B0N 2T0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

1,300Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$549900

Residential For Sale

269 Village Path, Vaughan, NS B0N 2T0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,300Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome to this charming half-log designed home nestled on 4.72 private acres, offering the perfect blend of rustic character and modern efficiency. This home provides a warm and inviting retreat surrounded by nature, yet thoughtfully equipped with cutting-edge technology for today’s lifestyle. At the heart of the home is a state-of-the-art 7.

C$549900

Residential For Sale

269 Village Path, Vaughan, NS B0N 2T0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

59 Lornada Drive, Onslow Mountain, NS B6L 6L4

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

26Picture(s)

900Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$399000

Residential For Sale

59 Lornada Drive, Onslow Mountain, NS B6L 6L4

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

900Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to 59 Lornada Drive, this perfectly maintained 3 bedroom, 1 bath bungalow is perfectly positioned on a large corner lot in Onslow Mountain. Offering modern upgrades for every day comfort this home would be perfect for families, first time buyers or anyone looking to settle into a move in ready property with room to grow.

C$399000

Residential For Sale

59 Lornada Drive, Onslow Mountain, NS B6L 6L4

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

1Bathroom(s)

C$399000

Residential For Sale

792 Lovat Road, Lovat, NS B0K 1P0

More Details

2Bedroom(s)

3Bathroom(s)

DetachedParking(s)

50Picture(s)

2,790Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$589900

Residential For Sale

792 Lovat Road, Lovat, NS B0K 1P0

2Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,790Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Your Dream Home Awaits! Escape to your own private sanctuary on over 4 acres of land. This spacious and well appointed 7+ year old 2-3 bedrooms, 3 bath raised bungalow offers a perfect blend of seclusion and modern comfort.

C$589900

Residential For Sale

792 Lovat Road, Lovat, NS B0K 1P0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

3Bathroom(s)

C$589900

Residential For Sale

30 Helen Creighton Court, West Bedford, NS B4B 0Z5

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

48Picture(s)

2,980Sqft

Listing courtesy of Royal LePage Anchor Realty

C$789900

Residential For Sale

30 Helen Creighton Court, West Bedford, NS B4B 0Z5

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,980Sqft

Listing courtesy of Royal LePage Anchor Realty

This one’s got everything — and then some. An end-unit executive bungalow that delivers the lifestyle you've been dreaming of in a coveted community. With nearly 3,000 sq ft of expertly designed space, this home blends everyday functionality with head-turning style. Built just a few years ago this beauty greets you with serious wow-factor from the moment you step inside.

C$789900

Residential For Sale

30 Helen Creighton Court, West Bedford, NS B4B 0Z5

Listing courtesy of Royal LePage Anchor Realty

4Bedroom(s)

3Bathroom(s)

C$789900

4805 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

7 Bell Bay Way, Baddeck, NS B0C 1H0

Residential For Sale

Residential For Sale

Residential For Sale

202 Payzant Drive, Windsor, NS B0N 2J0

Residential For Sale

Residential For Sale

Residential For Sale

11 Hood Crescent, Yarmouth, NS B5A 4H6

Residential For Sale

Residential For Sale

Residential For Sale

124 Glenforest Drive, Clayton Park, NS B3M 2Y6

Residential For Sale

Residential For Sale

Residential For Sale

360 Oceanstone Drive, Upper Tantallon, NS B3Z 0A8

Residential For Sale

Residential For Sale

Residential For Sale

2041 Clarence Road, Clarence, NS B0S 1C0

Residential For Sale

Residential For Sale

Residential For Sale

37 Andys Avenue, Bible Hill, NS B2N 2W9

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.