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

105 Harbour Crossing Drive, Pictou, NS B0K 1H0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

28Picture(s)

1,400Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$375000

Residential For Sale

105 Harbour Crossing Drive, Pictou, NS B0K 1H0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,400Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Welcome to Harbour Crossing Drive where comfort meets coastal charm. This beautifully designed semi-detached executive home offers over 1,400 sq.ft. of thoughtfully planned living space, perfectly combining style, function, and comfort. From ICF construction to high-end finishes, no detail has been overlooked.

C$375000

Residential For Sale

105 Harbour Crossing Drive, Pictou, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

2Bedroom(s)

2Bathroom(s)

C$375000

Residential For Sale

4236 Highway 14, Windsor Forks, NS B0N 2T0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

45Picture(s)

1,406Sqft

Listing courtesy of Sutton Group Professional Realty

C$495000

Residential For Sale

4236 Highway 14, Windsor Forks, NS B0N 2T0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,406Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 4236 Hwy 14, a fully updated one-level home just minutes from Martock Mountain, 10 minutes to Windsor, and surrounded by nature, farmland, and fresh produce. This 2-bedroom, 1-bath home offers easy living for a small family, those seeking no-stairs convenience, or anyone looking for a weekend retreat close to ski hills, lakes, and vineyards.

C$495000

Residential For Sale

4236 Highway 14, Windsor Forks, NS B0N 2T0

Listing courtesy of Sutton Group Professional Realty

2Bedroom(s)

1Bathroom(s)

C$495000

Residential For Sale

6911 Shore Rd West Road, Phinneys Cove, NS B0S 1L0

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

48Picture(s)

1,050Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

C$525000

Residential For Sale

6911 Shore Rd West Road, Phinneys Cove, NS B0S 1L0

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,050Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

Take a moment to breathe in the fresh ocean air and soak in the beauty of the Bay of Fundy and its spectacular views. This property is nestled in a breathtaking paradise with the ocean as its backdrop. Relax on the wraparound deck, listening to the peaceful sounds of the nearby ravine or the gentle waves of the ocean.

C$525000

Residential For Sale

6911 Shore Rd West Road, Phinneys Cove, NS B0S 1L0

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

3Bedroom(s)

1Bathroom(s)

C$525000

Residential For Sale

412 Meadows Road, Sydney Forks, NS B1L 1A8

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

26Picture(s)

1,008Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$289000

Residential For Sale

412 Meadows Road, Sydney Forks, NS B1L 1A8

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,008Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

Your home search may be over with this extra-appealing property at 412 Meadows Road in Sydney Forks!!! Charming & Well Maintained Home, Double Detached Garage and an Acre of Land!!! You'll be so impressed with the home's decor and floor plan. Main floor: functional galley kitchen & spacious kitchen eating area, open dining & living room combination with hardwood flooring.

C$289000

Residential For Sale

412 Meadows Road, Sydney Forks, NS B1L 1A8

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

3Bedroom(s)

1Bathroom(s)

C$289000

Residential For Sale

164 Granville Street, Port Hawkesbury, NS B9A 2G1

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

29Picture(s)

1,273Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$299900

Residential For Sale

164 Granville Street, Port Hawkesbury, NS B9A 2G1

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,273Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to your beautifully renovated home! Step through the back door and into the inviting porch, where you'll find a convenient laundry area. As you enter, you'll be greeted by a spacious eat-in kitchen, perfect for family meals and gatherings. The lower level features a large living room. On the second level there are three comfortable bedrooms, and a full bath.

C$299900

Residential For Sale

164 Granville Street, Port Hawkesbury, NS B9A 2G1

Listing courtesy of Coldwell Banker Boardwalk Realty

3Bedroom(s)

1Bathroom(s)

C$299900

Residential For Sale

440 Westwood Boulevard, Upper Tantallon, NS B3Z 4K3

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

4Picture(s)

2,653Sqft

Listing courtesy of HonestDoor Inc

C$1800000

Residential For Sale

440 Westwood Boulevard, Upper Tantallon, NS B3Z 4K3

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,653Sqft

Listing courtesy of HonestDoor Inc

Click Brochure Link for more details. Absolutely unique ICF house with far too many features and benefits to list here. Amazing house, fabulous view of St Margaret's Bay.

C$1800000

Residential For Sale

440 Westwood Boulevard, Upper Tantallon, NS B3Z 4K3

Listing courtesy of HonestDoor Inc

4Bedroom(s)

3Bathroom(s)

C$1800000

Residential For Sale

2 Second Street, Maclellans Brook, NS B2H 5C7

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

35Picture(s)

1,920Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$324900

Residential For Sale

2 Second Street, Maclellans Brook, NS B2H 5C7

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,920Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Charming three-bedroom, two bathroom in a quiet area of MacLellan's Brook with the benefit of county taxes yet only minutes to town. This lovely home has seen many updates in recent years including new flooring, complete basement renovations, and lighting to name a few. The updated open kitchen and dining area flows nicely into the living room, great for entertaining.

C$324900

Residential For Sale

2 Second Street, Maclellans Brook, NS B2H 5C7

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$324900

Residential For Sale

25 Lochiel Circle, Dartmouth, NS B2W 6H1

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

36Picture(s)

2,170Sqft

Listing courtesy of Sutton Group Professional Realty

C$599900

Residential For Sale

25 Lochiel Circle, Dartmouth, NS B2W 6H1

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,170Sqft

Listing courtesy of Sutton Group Professional Realty

Big, bold and beautiful. Move in before Christmas and decorate for the holidays.

C$599900

Residential For Sale

25 Lochiel Circle, Dartmouth, NS B2W 6H1

Listing courtesy of Sutton Group Professional Realty

5Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

6027 St. Margarets Bay Road, St Margarets Bay, NS B3Z 2C5

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

49Picture(s)

2,165Sqft

Listing courtesy of Keller Williams Select Realty

C$549900

Residential For Sale

6027 St. Margarets Bay Road, St Margarets Bay, NS B3Z 2C5

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,165Sqft

Listing courtesy of Keller Williams Select Realty

Character, warmth, and coastal charm best describe this truly special seaside home, perfectly positioned between the sparkling shores of St. Margaret’s Bayand the iconic BLT Rails-to-Trails system.

C$549900

Residential For Sale

6027 St. Margarets Bay Road, St Margarets Bay, NS B3Z 2C5

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

1202 Owen Road, Kentville, NS B4N 2W9

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

30Picture(s)

1,350Sqft

Listing courtesy of RE/MAX Nova

C$399000

Residential For Sale

1202 Owen Road, Kentville, NS B4N 2W9

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,350Sqft

Listing courtesy of RE/MAX Nova

Welcome to this warm and well-loved home, ready for a new family to continue its story. Located on a quiet, sought-after street in Kentville, this property offers 4 bedrooms plus a den, 2.5 bathrooms, and a detached garage — all within walking distance to Valley Regional Hospital, Aldershot Elementary, NSCC Kingstec Campus, Foodland, parks, and public transit.

C$399000

Residential For Sale

1202 Owen Road, Kentville, NS B4N 2W9

Listing courtesy of RE/MAX Nova

4Bedroom(s)

3Bathroom(s)

C$399000

Residential For Sale

29 Wesley Street, Whitney Pier, NS B1N 2M5

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

27Picture(s)

1,404Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$254900

Residential For Sale

29 Wesley Street, Whitney Pier, NS B1N 2M5

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,404Sqft

Listing courtesy of EXP Realty of Canada Inc.

Exceptional Two-Unit Property- easily converted to a single family, in a Prime Whitney Pier Location! Discover this immaculately maintained and spotless two-unit property offering endless possibilities. Each bright, spacious unit features 2 bedrooms, 1 full bath, and convenient laundry facilities.

C$254900

Residential For Sale

29 Wesley Street, Whitney Pier, NS B1N 2M5

Listing courtesy of EXP Realty of Canada Inc.

4Bedroom(s)

2Bathroom(s)

C$254900

Residential For Sale

3265 Second Division Road, Concession, NS B0W 1M0

More Details

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

47Picture(s)

1,595Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$269000

Residential For Sale

3265 Second Division Road, Concession, NS B0W 1M0

3Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,595Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 3265 Second Division Road, Concession NS. This 3 bedroom home sits just minutes from the connector to the Highway 101 - making it only an approximate 35 minute drive from both the towns of Digby, and Yarmouth. With 4.

C$269000

Residential For Sale

3265 Second Division Road, Concession, NS B0W 1M0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$269000

4280 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

105 Harbour Crossing Drive, Pictou, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

4236 Highway 14, Windsor Forks, NS B0N 2T0

Residential For Sale

Residential For Sale

Residential For Sale

6911 Shore Rd West Road, Phinneys Cove, NS B0S 1L0

Residential For Sale

Residential For Sale

Residential For Sale

412 Meadows Road, Sydney Forks, NS B1L 1A8

Residential For Sale

Residential For Sale

Residential For Sale

164 Granville Street, Port Hawkesbury, NS B9A 2G1

Residential For Sale

Residential For Sale

Residential For Sale

440 Westwood Boulevard, Upper Tantallon, NS B3Z 4K3

Residential For Sale

Residential For Sale

Residential For Sale

2 Second Street, Maclellans Brook, NS B2H 5C7

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.