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

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

Residential For Sale

9653 Grenville Street, St. Peters, NS B0E 3B0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

49Picture(s)

1,040Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$204900

Residential For Sale

9653 Grenville Street, St. Peters, NS B0E 3B0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,040Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Nestled in the picturesque community of St. Peters, this lovely detached, one-level home offers a perfect blend of comfort, style, and East Coast charm. The open-concept floor plan is bright and inviting, featuring a spacious, updated kitchen with ample cabinet and counter space, a separate island with a breakfast bar, and upgraded appliances—ideal for both everyday living and entertaining.

C$204900

Residential For Sale

9653 Grenville Street, St. Peters, NS B0E 3B0

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

3Bedroom(s)

2Bathroom(s)

C$204900

Residential For Sale

1621 Eastern Shore Road, West Berlin, NS B0J 1H0

More Details

7Bedroom(s)

6Bathroom(s)

DetachedParking(s)

20Picture(s)

3,285Sqft

Listing courtesy of PG Direct Realty Ltd.

C$819000

Residential For Sale

1621 Eastern Shore Road, West Berlin, NS B0J 1H0

7Bedroom(s)

6Bathroom(s)

DetachedParking(s)

3,285Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Steeped in history and heart, this cherished 7-bed, 5-bath seaside home—once the beloved Blueberry Bay Inn—offers over 3,200 sq. ft. of bright, airy living just 125m from a quiet locals-only beach.

C$819000

Residential For Sale

1621 Eastern Shore Road, West Berlin, NS B0J 1H0

Listing courtesy of PG Direct Realty Ltd.

7Bedroom(s)

6Bathroom(s)

C$819000

Residential For Sale

4726 Sunrise Trail, Antigonish, NS B2G 2L4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

12Picture(s)

2,576Sqft

Listing courtesy of PG Direct Realty Ltd.

C$425000

Residential For Sale

4726 Sunrise Trail, Antigonish, NS B2G 2L4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,576Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Welcome to Lower South River, a well-maintained property just steps from Mother Webb's Steak House & 4 minutes from St. Andrews Consolidated School (P-6). With easy highway access & less than 10 minutes from Antigonish, this location is perfect for families on the go! This bungalow sits on 2.6 acres by the river, offering a unique opportunity.

C$425000

Residential For Sale

4726 Sunrise Trail, Antigonish, NS B2G 2L4

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$425000

Residential For Sale

1 Nicole Court, Hammonds Plains, NS B3J 1J3

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3Picture(s)

1,953Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$794700

Residential For Sale

1 Nicole Court, Hammonds Plains, NS B3J 1J3

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,953Sqft

Listing courtesy of RE/MAX Nova (Halifax)

'Offering a turn-key home build package with unmatched quality and ideal neighborhood' This turn-key home build package is a testament to quality & craftsmanship to create a home that reflects your desires for living in this delightful family neighborhood.

C$794700

Residential For Sale

1 Nicole Court, Hammonds Plains, NS B3J 1J3

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

3Bathroom(s)

C$794700

Residential For Sale

11/13 Gordon Street, Glace Bay, NS B1A 3Z1

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

21Picture(s)

1,440Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$270000

Residential For Sale

11/13 Gordon Street, Glace Bay, NS B1A 3Z1

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,440Sqft

Listing courtesy of RE/MAX Park Place Inc.

Located on a quiet street, this beautifully maintained home offers a perfect blend of comfort, efficiency, and opportunity. Thoughtful upgrades have been completed over the years, ensuring lasting value and modern functionality throughout. The home features a 2-year-old roof and shingles, full insulation, and a 200 amp electrical panel, providing energy efficiency and peace of mind.

C$270000

Residential For Sale

11/13 Gordon Street, Glace Bay, NS B1A 3Z1

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

2Bathroom(s)

C$270000

Residential For Sale

691 Bear Cove Road, St. Alphonse, NS B0W 2J0

More Details

5Bedroom(s)

1Bathroom(s)

GravelParking(s)

42Picture(s)

1,382Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$129000

Residential For Sale

691 Bear Cove Road, St. Alphonse, NS B0W 2J0

5Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,382Sqft

Listing courtesy of EXP Realty of Canada Inc.

Packed with potential, this classic old farmhouse offers the perfect opportunity to restore a piece of rural charm to its former glory. Set on almost an acre of land, the property features a spacious five-bedroom, one-bathroom home and a large detached barn—ideal for storage, workshops, or hobby farming.

C$129000

Residential For Sale

691 Bear Cove Road, St. Alphonse, NS B0W 2J0

Listing courtesy of EXP Realty of Canada Inc.

5Bedroom(s)

1Bathroom(s)

C$129000

Residential For Sale

402 Saulnierville Road, Saulnierville, NS B0W 2Z0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

29Picture(s)

1,355Sqft

Listing courtesy of Exit Realty Town & Country

C$192500

Residential For Sale

402 Saulnierville Road, Saulnierville, NS B0W 2Z0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,355Sqft

Listing courtesy of Exit Realty Town & Country

Bursting with potential, this 2 bedroom, 1 bathroom home and gardener's paradise is ready for its next owners! Solid bones and privacy curated by years of planting provide the platform you need to solidify a community oriented life on the French Shore.

C$192500

Residential For Sale

402 Saulnierville Road, Saulnierville, NS B0W 2Z0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

1Bathroom(s)

C$192500

Residential For Sale

1932 College Street, Westville, NS B0K 2A0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

49Picture(s)

1,465Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$289900

Residential For Sale

1932 College Street, Westville, NS B0K 2A0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,465Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

PARKLIKE SETTING IN THE HEART OF TOWN! This stunning gem of a property is a RARE find, offering the perfect blend of town convenience yet with a country ambiance. Nestled in a park-like setting, this 3 bedroom home boasts a wealth of desirable features that make it a private oasis you'll never want to leave.

C$289900

Residential For Sale

1932 College Street, Westville, NS B0K 2A0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

13-15 Mechanic Street, Springhill, NS B0M 1X0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

24Picture(s)

960Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$199900

Residential For Sale

13-15 Mechanic Street, Springhill, NS B0M 1X0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

960Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Turnkey Duplex Investment Opportunity – Brand New Construction!Welcome to this exceptional income-generating side-by-side duplex, a rare opportunity to own a newly built rental property in a prime location. Whetheryou’re a seasoned investor or just starting your portfolio, this property is fully turnkey and ready to produce immediate rental income.

C$199900

Residential For Sale

13-15 Mechanic Street, Springhill, NS B0M 1X0

Listing courtesy of Keller Williams Select Realty (Truro)

4Bedroom(s)

2Bathroom(s)

C$199900

Residential For Sale

39 Keddy Bridge Road, Oakland, NS B0J 2E0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

26Picture(s)

1,918Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

C$459000

Residential For Sale

39 Keddy Bridge Road, Oakland, NS B0J 2E0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,918Sqft

Listing courtesy of Keller Williams Select Realty (Lunenburg)

Settled on a private road minutes from Mahone Bay. This 2 bedroom raised split entry has plenty of space inside and out. The home has had many upgrades including, new bathroom, kitchen and roof. The park like setting of the property includes a fenced in backyard with mature trees, stone patio and fireplace. The large outbuilding that is 1.

C$459000

Residential For Sale

39 Keddy Bridge Road, Oakland, NS B0J 2E0

Listing courtesy of Keller Williams Select Realty (Lunenburg)

3Bedroom(s)

2Bathroom(s)

C$459000

4614 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

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

Residential For Sale

Residential For Sale

Residential For Sale

7062 Royal Pine Avenue, Halifax, NS B3L 2G1

Residential For Sale

Residential For Sale

Residential For Sale

9653 Grenville Street, St. Peters, NS B0E 3B0

Residential For Sale

Residential For Sale

Residential For Sale

1621 Eastern Shore Road, West Berlin, NS B0J 1H0

Residential For Sale

Residential For Sale

Residential For Sale

4726 Sunrise Trail, Antigonish, NS B2G 2L4

Residential For Sale

Residential For Sale

Residential For Sale

1 Nicole Court, Hammonds Plains, NS B3J 1J3

Residential For Sale

Residential For Sale

Residential For Sale

11/13 Gordon Street, Glace Bay, NS B1A 3Z1

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.