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

200 Lantz Road, Bramber, NS B0N 2R0

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

2,706Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

C$494500

Residential For Sale

200 Lantz Road, Bramber, NS B0N 2R0

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,706Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

Welcome to this updated 5 bedroom bungalow set on a private, 2 acre lot, just a short stroll to the scenic shoreline of the Bay of Fundy. The spacious home offers everything you need on the main floor, from the generous mudroom, to the big country kitchen, separate dining room, and a large living room.

C$494500

Residential For Sale

200 Lantz Road, Bramber, NS B0N 2R0

Listing courtesy of RE/MAX NOVA (Windsor)

5Bedroom(s)

2Bathroom(s)

C$494500

Residential For Sale

1953 Stoney Island Road, Centreville, NS B0W 2G0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

13Picture(s)

576Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

C$149000

Residential For Sale

1953 Stoney Island Road, Centreville, NS B0W 2G0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

576Sqft

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

Affordable Living in one of Cape Sable Islands most desirable areas! This well Kept 2 bedroom Mobile home with cozy eat in kitchen, offers efficient electric heating and the added comfort of a heat pump. The property includes a 12 x 16 barn- perfect for storage or hobbies- and sits on a nicely sized lot with plenty of outdoor space. A great opportunity for first time home buyers 0r downsizers .

C$149000

Residential For Sale

1953 Stoney Island Road, Centreville, NS B0W 2G0

Listing courtesy of EXIT Realty Inter Lake (Barrington Passage)

2Bedroom(s)

1Bathroom(s)

C$149000

Residential For Sale

385 Lakeview Avenue, Middle Sackville, NS B4E 3B6

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

44Picture(s)

3,404Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$1075000

Residential For Sale

385 Lakeview Avenue, Middle Sackville, NS B4E 3B6

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,404Sqft

Listing courtesy of Viewpoint Realty Services Inc.

If you are looking for a lakefront oasis combined with a home that radiates immaculate attention to detail and maintenance, you have found it here. This double sized lot, lakefront property includes multiple driveways, a boat launch, landscaped gardens, patios, upper and lower decking, and takes full advantage of the amazing lake frontage.

C$1075000

Residential For Sale

385 Lakeview Avenue, Middle Sackville, NS B4E 3B6

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

3Bathroom(s)

C$1075000

Residential For Sale

6965 Highway 6 Road, Three Brooks, NS B0K 1H0

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

26Picture(s)

1,291Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$230000

Residential For Sale

6965 Highway 6 Road, Three Brooks, NS B0K 1H0

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,291Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Welcome to 69656 Highway 6! This Property has had extensive renovations including a new well, septic upgrades, upgraded electrical along with spray foam in the basement.

C$230000

Residential For Sale

6965 Highway 6 Road, Three Brooks, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

4Bedroom(s)

1Bathroom(s)

C$230000

Residential For Sale

255 Varner Mountain Road, Nictaux South, NS B0S 1P0

More Details

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

22Picture(s)

400Sqft

Listing courtesy of Exit Real Estate Professionals

C$289900

Residential For Sale

255 Varner Mountain Road, Nictaux South, NS B0S 1P0

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

400Sqft

Listing courtesy of Exit Real Estate Professionals

Charming tiny home nestled on 43 private acres on Varner Mountain. This sweet and efficient home offers peaceful living surrounded by nature, complete with a greenhouse and numerous garden boxes for those who love to grow their own food. The sellers have created a lovely walk-about path that winds through the property and leads to apple trees when in season.

C$289900

Residential For Sale

255 Varner Mountain Road, Nictaux South, NS B0S 1P0

Listing courtesy of Exit Real Estate Professionals

1Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

261 Cottage Road, Sydney, NS B1P 2E7

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

47Picture(s)

1,749Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$309714

Residential For Sale

261 Cottage Road, Sydney, NS B1P 2E7

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,749Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to 261 Cottage Road, a spacious and well kept 2 storey home in the heart of Sydney. Location is excellent as its near schools, the hospital, and all amenities of Sydney nearby. Offering 4 bedrooms and 1.5 baths, this property blends comfort, convenience, and modern updates, making it an ideal fit for families, investors, or anyone seeking finished living space on 3 levels.

C$309714

Residential For Sale

261 Cottage Road, Sydney, NS B1P 2E7

Listing courtesy of RE/MAX Park Place Inc.

4Bedroom(s)

2Bathroom(s)

C$309714

Residential For Sale

740 Celebration Drive Lot 748, Fall River, NS B2T 0X6

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

1Picture(s)

3,710Sqft

Listing courtesy of Sutton Group Professional Realty

C$1039900

Residential For Sale

740 Celebration Drive Lot 748, Fall River, NS B2T 0X6

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,710Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to the Annapolis by Marchand Homes. This newly designed two-storey home offers four bedrooms (three up, one down), three full bathrooms, one half bathroom, and a double attached heated garage, with all three levels fully finished. Situated on 1.7 acres in the highly desirable community of Kinloch Estates, this home spans 3,710 sq. ft. of beautifully planned living space.

C$1039900

Residential For Sale

740 Celebration Drive Lot 748, Fall River, NS B2T 0X6

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

4Bathroom(s)

C$1039900

Residential For Sale

47 Fort York Passage, Eastern Passage, NS B3G 1E7

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

30Picture(s)

1,660Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$460000

Residential For Sale

47 Fort York Passage, Eastern Passage, NS B3G 1E7

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,660Sqft

Listing courtesy of Viewpoint Realty Services Inc.

This cozy home is the perfect blend of comfort, efficiency, and modern updates. Located in the seaside community of Eastern Passage, it offers energy efficient living for first time buyers or anyone looking for a low maintenance lifestyle. Recent upgrades include a newer roof, new windows and doors, a freshly built deck, and a modern heat pump for year round comfort.

C$460000

Residential For Sale

47 Fort York Passage, Eastern Passage, NS B3G 1E7

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$460000

Residential For Sale

305 Bondi Drive Lot 5048, Middle Sackville, NS B4E 0W3

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2Picture(s)

2,485Sqft

Listing courtesy of Sutton Group Professional Realty

C$849900

Residential For Sale

305 Bondi Drive Lot 5048, Middle Sackville, NS B4E 0W3

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,485Sqft

Listing courtesy of Sutton Group Professional Realty

Marchand Homes presents The Dann, an executive 2,485 sq. ft. split-entry home located in the highly sought-after community of Indigo Shores. Set on a 1.4-acre lot with beautiful sunset views, this home is currently under construction with an anticipated completion of Spring/Summer 2026.

C$849900

Residential For Sale

305 Bondi Drive Lot 5048, Middle Sackville, NS B4E 0W3

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$849900

Residential For Sale

3666 Barrington Street, North End, NS B3K 2Y2

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

48Picture(s)

1,470Sqft

Listing courtesy of Royal LePage Atlantic

C$520000

Residential For Sale

3666 Barrington Street, North End, NS B3K 2Y2

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,470Sqft

Listing courtesy of Royal LePage Atlantic

A rare find in Halifax's desirable North End! First time on the market since 1952, this raised bungalow on Barrington St offers high versatility for modern living. The home boasts valuable ER-3 zoning and a fully enclosed, in-law suite complete with living area, kitchenette, a bedroom (window may not meet egress code), full bathroom and its own separate front entrance.

C$520000

Residential For Sale

3666 Barrington Street, North End, NS B3K 2Y2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$520000

Residential For Sale

4 Matheson Drive, Truro, NS B2N 7G3

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

25Picture(s)

1,050Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$259000

Residential For Sale

4 Matheson Drive, Truro, NS B2N 7G3

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,050Sqft

Listing courtesy of RE/MAX Fairlane Realty

This beautiful, one-year-old mini home offers the perfect blend of comfort, space, and convenience ideal for first-time buyers or anyone looking for low maintenance living in a great location. Inside, you'll find a bright, open layout with 3 bedrooms and 2 full bathrooms, giving everyone their own space.

C$259000

Residential For Sale

4 Matheson Drive, Truro, NS B2N 7G3

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

2Bathroom(s)

C$259000

Residential For Sale

10928 Highway 1, Paradise, NS B0S 1M0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

2,342Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$639900

Residential For Sale

10928 Highway 1, Paradise, NS B0S 1M0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,342Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome to your dream home! This stunning 5.3 acre hobby farm, where pride of ownership shines in every detail! Step inside to all one level living with an open concept design , perfect for both relaxing and entertaining.

C$639900

Residential For Sale

10928 Highway 1, Paradise, NS B0S 1M0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

2Bathroom(s)

C$639900

4212 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

200 Lantz Road, Bramber, NS B0N 2R0

Residential For Sale

Residential For Sale

Residential For Sale

1953 Stoney Island Road, Centreville, NS B0W 2G0

Residential For Sale

Residential For Sale

Residential For Sale

385 Lakeview Avenue, Middle Sackville, NS B4E 3B6

Residential For Sale

Residential For Sale

Residential For Sale

6965 Highway 6 Road, Three Brooks, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

255 Varner Mountain Road, Nictaux South, NS B0S 1P0

Residential For Sale

Residential For Sale

Residential For Sale

261 Cottage Road, Sydney, NS B1P 2E7

Residential For Sale

Residential For Sale

Residential For Sale

740 Celebration Drive Lot 748, Fall River, NS B2T 0X6

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.