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

39 Sam Crescent, Elmsdale, NS B2S 0G9

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

2,097Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$549900

Residential For Sale

39 Sam Crescent, Elmsdale, NS B2S 0G9

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,097Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 39 Sam Crescent, a stunning modern home in the heart of Elmsdale—less than three years old and offering the perfect blend of style, comfort, and convenience. This property delivers that “new home feel” without the wait of a new build, featuring contemporary finishes throughout and thoughtful upgrades already in place.

C$549900

Residential For Sale

39 Sam Crescent, Elmsdale, NS B2S 0G9

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

4Bathroom(s)

C$549900

Residential For Sale

7 Benview Drive, Dartmouth, NS B2Y 1W4

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

2,524Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$829000

Residential For Sale

7 Benview Drive, Dartmouth, NS B2Y 1W4

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,524Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

On a very quiet cul-de-sac with spectacular views of Lake Banook. Great neighbors and neighborhood. Three bedrooms, with dressing room leading into the main bedroom. Four baths: one 4pc,one 3pc,one 2pc,and another 2pc in the en suite. Two beautiful large fireplaces.Patio deck off the main level and another off the lower level.

C$829000

Residential For Sale

7 Benview Drive, Dartmouth, NS B2Y 1W4

Listing courtesy of Century 21 Trident Realty Ltd.

3Bedroom(s)

4Bathroom(s)

C$829000

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

20Picture(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

C$684900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 47 Simona Drive, Dartmouth. Located in the picturesque Parks of Lake Charles neighbourhood, this semi-detached 2-storey home with a walkout basement offers the perfect combination of modern design and functional comfort. With 4 bedrooms and 3.5 bathrooms, it's designed to cater to both family living and entertaining.

C$684900

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$684900

Residential For Sale

15/59 John Murray Drive, Enfield, NS B2T 1C9

More Details

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

49Picture(s)

2,464Sqft

Listing courtesy of RE/MAX Nova (Enfield)

C$774900

Residential For Sale

15/59 John Murray Drive, Enfield, NS B2T 1C9

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,464Sqft

Listing courtesy of RE/MAX Nova (Enfield)

Outstanding Investment Opportunity in the Heart of Enfield Discover the potential in this beautifully renovated over/under duplex, ideally situated on a 16,875 sq. ft. subdividable lot. Whether you’re an investor or looking to live in one unit while generating income from the other, this property offers exceptional flexibility and value. Each having their own driveway and outdoor space.

C$774900

Residential For Sale

15/59 John Murray Drive, Enfield, NS B2T 1C9

Listing courtesy of RE/MAX Nova (Enfield)

5Bedroom(s)

2Bathroom(s)

C$774900

Residential For Sale

128 Main Street, Middleton, NS B0S 1P0

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

50Picture(s)

1,543Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$320000

Residential For Sale

128 Main Street, Middleton, NS B0S 1P0

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,543Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Stop scrolling, and start packing! Discover timeless charm and serene beauty in this meticulously cared-for Cape Cod-style home. Set on a tranquil, expansive property, mornings are bathed in the warm glow of the rising sun, while afternoons reveal the playful dance of sunlight through the majestic red maple just beyond the upstairs loft windows. A truly magical experience.

C$320000

Residential For Sale

128 Main Street, Middleton, NS B0S 1P0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

2Bathroom(s)

C$320000

Residential For Sale

127 Kent Road, Lower Truro, NS B6L 1L2

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

31Picture(s)

1,230Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$439900

Residential For Sale

127 Kent Road, Lower Truro, NS B6L 1L2

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,230Sqft

Listing courtesy of Royal LePage Truro Real Estate

Stunning new build on own land just waiting for you to make it your own! One level, Two bed, Two bath with attached garage, come view this amazing open concept home. Enjoy an extraordinary modern kitchen that leads into dining area and living room. Great for entertaining! Wake up to incredible sunrises as you enjoy coffee in your bedroom.

C$439900

Residential For Sale

127 Kent Road, Lower Truro, NS B6L 1L2

Listing courtesy of Royal LePage Truro Real Estate

2Bedroom(s)

2Bathroom(s)

C$439900

Residential For Sale

25 La Pierre Crescent, Woodlawn, NS B2W 5C6

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

39Picture(s)

1,586Sqft

Listing courtesy of Keller Williams Select Realty

C$514999

Residential For Sale

25 La Pierre Crescent, Woodlawn, NS B2W 5C6

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,586Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to La Pierre Crescent! Located in the highly sought-after Woodlawn community of Dartmouth, thisinviting split-entry home is ready for new owners. Upon entering, a spacious foyer leads you up to thelarge living room, which is filled with natural light.

C$514999

Residential For Sale

25 La Pierre Crescent, Woodlawn, NS B2W 5C6

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$514999

Residential For Sale

28 Wellington Court, Truro, NS B2N 6M9

More Details

1Bedroom(s)

2Bathroom(s)

SingleParking(s)

19Picture(s)

1,789Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$299900

Residential For Sale

28 Wellington Court, Truro, NS B2N 6M9

1Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,789Sqft

Listing courtesy of Royal LePage Truro Real Estate

If downsizing is in your plans consider Wynn Park Village as the go to place to enjoy your retirement years. With almost 1800 sq ft of living space including ample storage this quaint village offers a great atmosphere, and so close to the Rec Center, Hospital, Walmart, minutes from downtown and the Hwy to Halifax.

C$299900

Residential For Sale

28 Wellington Court, Truro, NS B2N 6M9

Listing courtesy of Royal LePage Truro Real Estate

1Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

11690 Highway 4, Barra Head, NS B0E 3B0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

24Picture(s)

2,528Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$339900

Residential For Sale

11690 Highway 4, Barra Head, NS B0E 3B0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,528Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Custom built 4 or 5 bedroom 3 bathroom home located 8 kms outside the Village of St. Peters on 18 acres of land. This home is perfectly laid out for a large family, Bed & Breakfast/Airbnb potential or family home with Granny Suite/Guest Quarters. The main floor addition currently hosts a craft room that can also be used as a main floor bedroom with Ensuite.

C$339900

Residential For Sale

11690 Highway 4, Barra Head, NS B0E 3B0

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

4Bedroom(s)

3Bathroom(s)

C$339900

Residential For Sale

43 Maverick Lane, Devon, NS B3T 1W8

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

6Picture(s)

1,240Sqft

Listing courtesy of Engel & Volkers

C$519900

Residential For Sale

43 Maverick Lane, Devon, NS B3T 1W8

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,240Sqft

Listing courtesy of Engel & Volkers

Introducing the "Silverwood" by Ramar Homes, a contemporary slab-on-grade bungalow that perfectly combines affordability and modern luxury.

C$519900

Residential For Sale

43 Maverick Lane, Devon, NS B3T 1W8

Listing courtesy of Engel & Volkers

3Bedroom(s)

2Bathroom(s)

C$519900

Residential For Sale

92 Chestnut Street, Pictou, NS B0K 1H0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

20Picture(s)

750Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$175000

Residential For Sale

92 Chestnut Street, Pictou, NS B0K 1H0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

750Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Welcome to 92 Chestnut Street, a charming raised bungalow nestled in the heart of Pictou. This well-maintained 2-bedroom home offers both comfort and convenience, with a thoughtful layout and inviting spaces inside and out. The home features a basement garage for added functionality, along with a fenced backyard complete with a private sitting area—perfect for relaxing or entertaining.

C$175000

Residential For Sale

92 Chestnut Street, Pictou, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

2Bedroom(s)

1Bathroom(s)

C$175000

Residential For Sale

85 Poplar Drive, Forest Hills, NS B2W 2K7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

37Picture(s)

1,377Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$469000

Residential For Sale

85 Poplar Drive, Forest Hills, NS B2W 2K7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,377Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Discover this well-maintained bungalow in the desirable Forest Hills area, offering comfort, charm, and functional living spaces. The main level features a bright living room, dedicated dining room, and a functional kitchen, all enhanced by beautiful hardwood floors.

C$469000

Residential For Sale

85 Poplar Drive, Forest Hills, NS B2W 2K7

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

2Bathroom(s)

C$469000

3917 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

39 Sam Crescent, Elmsdale, NS B2S 0G9

Residential For Sale

Residential For Sale

Residential For Sale

7 Benview Drive, Dartmouth, NS B2Y 1W4

Residential For Sale

Residential For Sale

Residential For Sale

47 Simona Drive, Dartmouth, NS B2X 0E1

Residential For Sale

Residential For Sale

Residential For Sale

15/59 John Murray Drive, Enfield, NS B2T 1C9

Residential For Sale

Residential For Sale

Residential For Sale

128 Main Street, Middleton, NS B0S 1P0

Residential For Sale

Residential For Sale

Residential For Sale

127 Kent Road, Lower Truro, NS B6L 1L2

Residential For Sale

Residential For Sale

Residential For Sale

25 La Pierre Crescent, Woodlawn, NS B2W 5C6

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.