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

6 Massachusetts Road, Granville Centre, NS B0S 1A0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

33Picture(s)

2,004Sqft

Listing courtesy of Sotheby's International Realty Canada

C$599000

Residential For Sale

6 Massachusetts Road, Granville Centre, NS B0S 1A0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,004Sqft

Listing courtesy of Sotheby's International Realty Canada

Set on a striking point of land overlooking the Annapolis River, this 2,000 sq. ft. home delivers relaxed coastal living with panoramic water views and a connection to nature that’s hard to match. Framed by the North and South Mountains, the ever-changing tidal river creates a calm, cinematic backdrop to daily life, from misty mornings to starlit nights.

C$599000

Residential For Sale

6 Massachusetts Road, Granville Centre, NS B0S 1A0

Listing courtesy of Sotheby's International Realty Canada

3Bedroom(s)

2Bathroom(s)

C$599000

Residential For Sale

12 Coleton Court, Lower Sackville, NS B4C 2T5

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

29Picture(s)

1,072Sqft

Listing courtesy of Century 21 Optimum Realty

C$154900

Residential For Sale

12 Coleton Court, Lower Sackville, NS B4C 2T5

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,072Sqft

Listing courtesy of Century 21 Optimum Realty

This spacious 16-foot wide mini home offers a great opportunity for first-time buyers or those looking to downsize without giving up comfort or functionality. With three bedrooms and one full bath, there’s just the right amount of space for a young family, couple, or anyone starting out on their homeownership journey.

C$154900

Residential For Sale

12 Coleton Court, Lower Sackville, NS B4C 2T5

Listing courtesy of Century 21 Optimum Realty

3Bedroom(s)

1Bathroom(s)

C$154900

Residential For Sale

152b Roundhouse Drive, Bridgewater, NS B4V 9A9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

17Picture(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$618000

Residential For Sale

152b Roundhouse Drive, Bridgewater, NS B4V 9A9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

Discover this soon to be constructed stunning residential duplex located on the highly desirable Roundhouse Drive. If you love nature, privacy and walking, this property backs onto walking trails and beautiful greenspace. This remarkable 2,067 sq. ft. home presents an excellent opportunity for the astute buyer, featuring 3 spacious bedrooms, den/office/4th bedroom and 3 well-appointed bathrooms.

C$618000

Residential For Sale

152b Roundhouse Drive, Bridgewater, NS B4V 9A9

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$618000

Residential For Sale

152a Roundhouse Drive, Bridgewater, NS B4V 9A9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

17Picture(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$618000

Residential For Sale

152a Roundhouse Drive, Bridgewater, NS B4V 9A9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$618000

Residential For Sale

152a Roundhouse Drive, Bridgewater, NS B4V 9A9

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$618000

Residential For Sale

141b Roundhouse Drive, Bridgewater, NS B4V 9A9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

17Picture(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$598000

Residential For Sale

141b Roundhouse Drive, Bridgewater, NS B4V 9A9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

Discover this soon to be constructed stunning residential duplex located on the highly desirable Roundhouse Drive. This remarkable 2,067 sq. ft. home presents an excellent opportunity for the astute buyer, featuring 3 spacious bedrooms, den/office/4th bedroom and 3 well-appointed bathrooms.

C$598000

Residential For Sale

141b Roundhouse Drive, Bridgewater, NS B4V 9A9

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$598000

Residential For Sale

141a Roundhouse Drive, Bridgewater, NS B4V 9A9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

17Picture(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$598000

Residential For Sale

141a Roundhouse Drive, Bridgewater, NS B4V 9A9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,067Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$598000

Residential For Sale

141a Roundhouse Drive, Bridgewater, NS B4V 9A9

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$598000

Residential For Sale

339-341 Mcconnell Drive, Sydney, NS B1P 3V5

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

20Picture(s)

1,508Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$399900

Residential For Sale

339-341 Mcconnell Drive, Sydney, NS B1P 3V5

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,508Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to a smart investment opportunity in one of Sydney’s established neighbourhoods. This well-maintained duplex offers excellent value, featuring 2 bedrooms and 1 full bath in each unit. This duplex is just 13 years old. Perfect for generating steady rental income.

C$399900

Residential For Sale

339-341 Mcconnell Drive, Sydney, NS B1P 3V5

Listing courtesy of RE/MAX Park Place Inc.

4Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

535 Caribou Island Road, Caribou Island, NS B0K 1H0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

45Picture(s)

560Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$299900

Residential For Sale

535 Caribou Island Road, Caribou Island, NS B0K 1H0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

560Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

WOW WOW WOW! Are you looking for a cozy retreat that could easily transform into your year-round dream home? Look no further! This bungalow, currently used as a cottage, boasts a well constructed and well thought out design with two bedrooms and one bath! Just bring your toothbrush and personal items because it is MOVE IN READY! Imagine taking in the breathtaking views all seasons of the Northumbe

C$299900

Residential For Sale

535 Caribou Island Road, Caribou Island, NS B0K 1H0

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$299900

Residential For Sale

22 Prescott Drive, Westphal, NS B2W 3V8

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

31Picture(s)

1,890Sqft

Listing courtesy of Century 21 Optimum Realty

C$499900

Residential For Sale

22 Prescott Drive, Westphal, NS B2W 3V8

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,890Sqft

Listing courtesy of Century 21 Optimum Realty

Welcome to 22 Prescott Drive! Located just minutes to shops and amenities and just 15 minutes to Downtown Halifax; enjoy being on a quiet street in a well-developed neighbourhood. This versatile property in family-friendly Westphal offers two separate living spaces, making it an excellent option for multigenerational living or potential income.

C$499900

Residential For Sale

22 Prescott Drive, Westphal, NS B2W 3V8

Listing courtesy of Century 21 Optimum Realty

6Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

17 Soleil Crescent, Conquerall Mills, NS B4V 9H3

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

23Picture(s)

2,155Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$689000

Residential For Sale

17 Soleil Crescent, Conquerall Mills, NS B4V 9H3

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,155Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

The Primrose – Located in the scenic community of Orchard Point in Conquerall Mills. Currently under construction, this highly sought-after floor plan offers a comfortable and modern 2,155 sq.ft living experience. Featuring 3 bedrooms and 2 full bathrooms on the main level, the home includes in-floor radiant heating for added comfort.

C$689000

Residential For Sale

17 Soleil Crescent, Conquerall Mills, NS B4V 9H3

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

2Bathroom(s)

C$689000

Residential For Sale

668 Highway 331, East Port Medway, NS B0J 2H0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

37Picture(s)

2,624Sqft

Listing courtesy of Engel & Volkers (Liverpool)

C$1500000

Residential For Sale

668 Highway 331, East Port Medway, NS B0J 2H0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,624Sqft

Listing courtesy of Engel & Volkers (Liverpool)

This thoughtfully designed custom bungalow, complete with guest house, optimizes stunning ocean views east to west through its strategic layout and abundance of windows. The cathedral white washed pine ceilings and high quality materials give this home unique character like no other. The primary bedroom sets a luxurious tone with its impressive 5-piece spa inspired ensuite and closet.

C$1500000

Residential For Sale

668 Highway 331, East Port Medway, NS B0J 2H0

Listing courtesy of Engel & Volkers (Liverpool)

4Bedroom(s)

4Bathroom(s)

C$1500000

Residential For Sale

7062 Royal Pine Avenue, Halifax, NS B3L 2G1

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

42Picture(s)

4,255Sqft

Listing courtesy of Royal LePage Atlantic

C$1250000

Residential For Sale

7062 Royal Pine Avenue, Halifax, NS B3L 2G1

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,255Sqft

Listing courtesy of Royal LePage Atlantic

Nestled in the highly sought after West End is this beautiful 4255 square foot home complete with solarium featuring an indoor heated in ground pool! This gorgeous executive home features 3 bedrooms, 2 office/dens & 3.5 baths.

C$1250000

Residential For Sale

7062 Royal Pine Avenue, Halifax, NS B3L 2G1

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$1250000

4613 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

6 Massachusetts Road, Granville Centre, NS B0S 1A0

Residential For Sale

Residential For Sale

Residential For Sale

12 Coleton Court, Lower Sackville, NS B4C 2T5

Residential For Sale

Residential For Sale

Residential For Sale

152b Roundhouse Drive, Bridgewater, NS B4V 9A9

Residential For Sale

Residential For Sale

Residential For Sale

152a Roundhouse Drive, Bridgewater, NS B4V 9A9

Residential For Sale

Residential For Sale

Residential For Sale

141b Roundhouse Drive, Bridgewater, NS B4V 9A9

Residential For Sale

Residential For Sale

Residential For Sale

141a Roundhouse Drive, Bridgewater, NS B4V 9A9

Residential For Sale

Residential For Sale

Residential For Sale

339-341 Mcconnell Drive, Sydney, NS B1P 3V5

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.