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

50-7 Garvey Court, Bedford, NS B4B 2L1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

1Picture(s)

2,204Sqft

Listing courtesy of Royal LePage Atlantic

C$809900

Residential For Sale

50-7 Garvey Court, Bedford, NS B4B 2L1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,204Sqft

Listing courtesy of Royal LePage Atlantic

Meet Haley! An adorable new 2-storey model presented by Rooftight Homes on Garvey Court in The Parks of West Bedford. This 4 bedroom 3.5 bathroom layout efficiently utilizes over 2200 sq/ft of luxurious living space. The warm open concept kitchen and living room on the main level has access to the back deck off the dining area, a main floor powder room, and access to the garage.

C$809900

Residential For Sale

50-7 Garvey Court, Bedford, NS B4B 2L1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$809900

Residential For Sale

64 Thorncrest Court, Eastern Passage, NS B3G 1N4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

24Picture(s)

1,440Sqft

Listing courtesy of Keller Williams Select Realty

C$330000

Residential For Sale

64 Thorncrest Court, Eastern Passage, NS B3G 1N4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,440Sqft

Listing courtesy of Keller Williams Select Realty

This property requires some renovation and is being sold as-is, offering a great opportunity for buyers looking to add their own touch. The main level features an open-concept layout with a spacious country kitchen, complete with ample cabinets and a patio door leading to the deck. A bright living room and convenient powder room complete this floor.

C$330000

Residential For Sale

64 Thorncrest Court, Eastern Passage, NS B3G 1N4

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$330000

Residential For Sale

49-11 Garvey Court, Bedford, NS B4B 2L1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

1Picture(s)

2,503Sqft

Listing courtesy of Royal LePage Atlantic

C$879900

Residential For Sale

49-11 Garvey Court, Bedford, NS B4B 2L1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,503Sqft

Listing courtesy of Royal LePage Atlantic

Meet Brynn! This striking 2-storey, 4 bedroom, 3 and a half bathroom home in the heart of The Parks of West Bedford.

C$879900

Residential For Sale

49-11 Garvey Court, Bedford, NS B4B 2L1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$879900

Residential For Sale

3-12 Garvey Court, Bedford, NS B4B 2L1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2Picture(s)

2,448Sqft

Listing courtesy of Royal LePage Atlantic

C$799900

Residential For Sale

3-12 Garvey Court, Bedford, NS B4B 2L1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,448Sqft

Listing courtesy of Royal LePage Atlantic

Introducing “Becca” with a legal basement suite in The Parks of West Bedford, ideally located off Terradore Lane or the new Puncheon Way extension in Brookline Park. This model features a full legal ground level 1 bedroom apartment complete with separate electrical meters.

C$799900

Residential For Sale

3-12 Garvey Court, Bedford, NS B4B 2L1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$799900

Residential For Sale

104-159 Farnham Gate Road, Halifax, NS B3M 4A3

More Details

2Bedroom(s)

2Bathroom(s)

AssignedParking(s)

39Picture(s)

1,071Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$359000

Residential For Sale

104-159 Farnham Gate Road, Halifax, NS B3M 4A3

2Bedroom(s)

2Bathroom(s)

AssignedParking(s)

1,071Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to this charming 2-bedroom, 1.5-bathroom home in the heart of Clayton Park. Recently refreshed with new laminate flooring and fresh paint throughout, this property is move-in ready and full of appeal. The bright, inviting living area flows into a functional kitchen and dining space, while a walkout patio extends your living outdoors — perfect for relaxing and enjoying a morning coffee.

C$359000

Residential For Sale

104-159 Farnham Gate Road, Halifax, NS B3M 4A3

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

2Bathroom(s)

C$359000

Residential For Sale

61 Executive Drive, Middle Sackville, NS B4E 0M5

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

32Picture(s)

2,376Sqft

Listing courtesy of RE/MAX Nova

C$614900

Residential For Sale

61 Executive Drive, Middle Sackville, NS B4E 0M5

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,376Sqft

Listing courtesy of RE/MAX Nova

Welcome to 61 Executive Drive – Modern Living in Middle Sackville! Only ten years old, this beautiful home blends style, space, and convenience, making it the perfect choice for families. With 4 bedrooms, 3 full bathrooms, and 1 half bathroom, there’s room for everyone to enjoy comfort and privacy. Offering more than 2,300 sq. ft.

C$614900

Residential For Sale

61 Executive Drive, Middle Sackville, NS B4E 0M5

Listing courtesy of RE/MAX Nova

4Bedroom(s)

4Bathroom(s)

C$614900

Residential For Sale

1303 Passage Road, Sheet Harbour, NS B0J 3B0

More Details

4Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

37Picture(s)

1,370Sqft

Listing courtesy of RE/MAX Nova

C$349900

Residential For Sale

1303 Passage Road, Sheet Harbour, NS B0J 3B0

4Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,370Sqft

Listing courtesy of RE/MAX Nova

Welcome to 1303 Passage Road! This fully renovated bungalow has been completely gutted and refreshed, with updates thoughtfully done throughout to create a bright and inviting layout featuring 4 bedrooms and 1 bathroom. Whether you’re dreaming of a cozy cottage retreat, a fantastic Airbnb opportunity, or this totally renovated home as your year-round residence, this property has you covered.

C$349900

Residential For Sale

1303 Passage Road, Sheet Harbour, NS B0J 3B0

Listing courtesy of RE/MAX Nova

4Bedroom(s)

1Bathroom(s)

C$349900

Residential For Sale

33 Eastern Point Lane, East Uniacke, NS B0N 1Z0

More Details

3Bedroom(s)

3Bathroom(s)

TripleParking(s)

37Picture(s)

2,678Sqft

Listing courtesy of Domus Realty Limited

C$789000

Residential For Sale

33 Eastern Point Lane, East Uniacke, NS B0N 1Z0

3Bedroom(s)

3Bathroom(s)

TripleParking(s)

2,678Sqft

Listing courtesy of Domus Realty Limited

Welcome to 33 Eastern Point Lane, your lakefront retreat in beautiful East Uniacke. Nestled on the serene shores of Long Lake and surrounded by nature, this home boasts of quality construction and impeccable craftsmanship. Custom built in 2017 using only the finest of materials, the home is perfectly positioned with lake views from almost every room.

C$789000

Residential For Sale

33 Eastern Point Lane, East Uniacke, NS B0N 1Z0

Listing courtesy of Domus Realty Limited

3Bedroom(s)

3Bathroom(s)

C$789000

Residential For Sale

1136 Highway 8, Maitland Bridge, NS B0T 1B0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

38Picture(s)

912Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$329900

Residential For Sale

1136 Highway 8, Maitland Bridge, NS B0T 1B0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

912Sqft

Listing courtesy of RE/MAX Banner Real Estate

Do you love the outdoors and are looking to get away from it all? This wonderful home has recently been completely renovated throughout and is ideally located about halfway between the orchards of the Annapolis Valley and the glorious beaches of the South Shore.

C$329900

Residential For Sale

1136 Highway 8, Maitland Bridge, NS B0T 1B0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

2536-2538 Westmount Street, Halifax, NS B3L 3G6

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

43Picture(s)

2,245Sqft

Listing courtesy of Coldwell Banker Maritime Realty

C$799900

Residential For Sale

2536-2538 Westmount Street, Halifax, NS B3L 3G6

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,245Sqft

Listing courtesy of Coldwell Banker Maritime Realty

Welcome to an exceptional investment opportunity in Halifax’s highly sought-after West End! This charming over-under duplex is priced to sell and offers the perfect balance of comfort, convenience, and income potential. Whether you’re looking to live in one unit while renting out the other or seeking a strong addition to your investment portfolio, this property delivers.

C$799900

Residential For Sale

2536-2538 Westmount Street, Halifax, NS B3L 3G6

Listing courtesy of Coldwell Banker Maritime Realty

4Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

381 West Porters Lake Road, West Porters Lake, NS B3E 1K5

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

43Picture(s)

3,265Sqft

Listing courtesy of Sutton Group Professional Realty

C$639900

Residential For Sale

381 West Porters Lake Road, West Porters Lake, NS B3E 1K5

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

3,265Sqft

Listing courtesy of Sutton Group Professional Realty

Custom built 2 year old contemporary home,6 bedrooms with unfinished loft and and priced to sell reflecting the deficiencies . Assessed for $862,300. this home can be your dream home or contractors' investment. The unfinished items are mostly cosmetic, exterior finishes and bathroom fixtures. The loft will gain more living area when finished and could be used as a secondary suite or office.

C$639900

Residential For Sale

381 West Porters Lake Road, West Porters Lake, NS B3E 1K5

Listing courtesy of Sutton Group Professional Realty

6Bedroom(s)

2Bathroom(s)

C$639900

Residential For Sale

7 Tannery Drive, Elmsdale, NS B2S 1C6

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

50Picture(s)

1,199Sqft

Listing courtesy of Royal LePage Atlantic

C$474900

Residential For Sale

7 Tannery Drive, Elmsdale, NS B2S 1C6

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,199Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 7 Tannery Drive! This centrally located home is just minutes from Elmsdale schools and shopping, 10 minutes to Stanfield International Airport, and 30 minutes to Bayers Lake or Dartmouth Crossing, making it perfect for any lifestyle. Upon entering, you'll immediately notice the evident pride of ownership.

C$474900

Residential For Sale

7 Tannery Drive, Elmsdale, NS B2S 1C6

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$474900

4806 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

50-7 Garvey Court, Bedford, NS B4B 2L1

Residential For Sale

Residential For Sale

Residential For Sale

64 Thorncrest Court, Eastern Passage, NS B3G 1N4

Residential For Sale

Residential For Sale

Residential For Sale

49-11 Garvey Court, Bedford, NS B4B 2L1

Residential For Sale

Residential For Sale

Residential For Sale

3-12 Garvey Court, Bedford, NS B4B 2L1

Residential For Sale

Residential For Sale

Residential For Sale

104-159 Farnham Gate Road, Halifax, NS B3M 4A3

Residential For Sale

Residential For Sale

Residential For Sale

61 Executive Drive, Middle Sackville, NS B4E 0M5

Residential For Sale

Residential For Sale

Residential For Sale

1303 Passage Road, Sheet Harbour, NS B0J 3B0

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.