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

52 Down River Lane, Maplewood Ns B0r 1a0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

34Picture(s)

120Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$130000

Residential For Sale

52 Down River Lane, Maplewood Ns B0r 1a0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

120Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Your Ideal Glamping Escape Awaits! Set in a tranquil natural setting, this cozy bunkie offers the perfect retreat for your next adventure! Fully equipped for convenience, it includes a portable cooking stove, mini fridge, compostable toilet, and a cistern water system. The lot is connected to electricity, with a pole being installed to provide power and enable Wi-Fi access.

C$130000

Residential For Sale

52 Down River Lane, Maplewood Ns B0r 1a0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

2Bedroom(s)

1Bathroom(s)

C$130000

Residential For Sale

2092 Highway 201, Greenwood Square Ns B0p 1r0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

12Picture(s)

2,052Sqft

Listing courtesy of PG Direct Realty Ltd.

C$449000

Residential For Sale

2092 Highway 201, Greenwood Square Ns B0p 1r0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,052Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. This custom built home is located just 2KM from the back gate of CFB Greenwood, and 5 min to all conveniences. Over 10 acres of land, partially cleared. With frontage both on Hwy 201 and Fitch Road, there are plenty of possibilities for future development.

C$449000

Residential For Sale

2092 Highway 201, Greenwood Square Ns B0p 1r0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$449000

Residential For Sale

3945 Shore Road, Hillsburn Ns B0s 1a0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

31Picture(s)

1,380Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$289000

Residential For Sale

3945 Shore Road, Hillsburn Ns B0s 1a0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,380Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to the quiet oceanside community of Hillsburn in the Annapolis Valley! This quaint 3 bedroom home offers Bay of Fundy views from the deck and the back of the house. The open concept kitchen and dining room feature a picture window to let in tons of natural light and enjoy more of those ocean views while having a meal with family and friends.

C$289000

Residential For Sale

3945 Shore Road, Hillsburn Ns B0s 1a0

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

1Bathroom(s)

C$289000

Residential For Sale

1880 Clarence Road, Clarence Ns B0s 1c0

More Details

5Bedroom(s)

3Bathroom(s)

No GarageParking(s)

45Picture(s)

1,968Sqft

Listing courtesy of Exit Realty Town & Country

C$259900

Residential For Sale

1880 Clarence Road, Clarence Ns B0s 1c0

5Bedroom(s)

3Bathroom(s)

No GarageParking(s)

1,968Sqft

Listing courtesy of Exit Realty Town & Country

Look at this opportunity! Essentially a brand-new home ready for your finishing touches. Save money and complete this beautiful house the way you would like with some sweat equity or hire a contractor to complete the finishing touches.

C$259900

Residential For Sale

1880 Clarence Road, Clarence Ns B0s 1c0

Listing courtesy of Exit Realty Town & Country

5Bedroom(s)

3Bathroom(s)

C$259900

Residential For Sale

157 Blainedale Drive, Salmon River Ns B2n 6m3

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

30Picture(s)

1,600Sqft

Listing courtesy of RE/MAX Nova

C$365000

Residential For Sale

157 Blainedale Drive, Salmon River Ns B2n 6m3

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,600Sqft

Listing courtesy of RE/MAX Nova

Welcome to 157 Blainedale Drive — a beautifully built new construction home located on a quiet cul-de-sac in a growing, family-friendly community. Just minutes from the vibrant town of Truro and only an hour to Halifax, this home offers the perfect mix of peaceful living and everyday convenience.

C$365000

Residential For Sale

157 Blainedale Drive, Salmon River Ns B2n 6m3

Listing courtesy of RE/MAX Nova

3Bedroom(s)

3Bathroom(s)

C$365000

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

45Picture(s)

716Sqft

Listing courtesy of Engel & Volkers (Liverpool)

C$450000

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

716Sqft

Listing courtesy of Engel & Volkers (Liverpool)

The logs for this authentic Western Canadian Log home were shipped from BC in 2003 and proudly assembled on a high point of this 3.9 acre, private, ocean front lot, overseeing the Jones Harbour Bay and the Atlantic Ocean. This very well-built sturdy home offers an open entertainment space with high ceilings, a cozy bedroom and a bathroom with a large shower showcasing a beach stone floor.

C$450000

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

Listing courtesy of Engel & Volkers (Liverpool)

2Bedroom(s)

1Bathroom(s)

C$450000

Residential For Sale

145 Sunset Linkway, Labelle Ns B0t 1e0

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

26Picture(s)

624Sqft

Listing courtesy of EXIT Realty Inter Lake

C$235900

Residential For Sale

145 Sunset Linkway, Labelle Ns B0t 1e0

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

624Sqft

Listing courtesy of EXIT Realty Inter Lake

If you have yet to find that special place where memories are made and the city lights are behind you, look no further than this charming retreat in Labelle’s Cottage Country. 145 Sunset Linkway is situated in the heart of nature, where life slows down, and every season brings new adventures. Whether it’s just for the summer or 365 days a year, you can decide how you spend your days.

C$235900

Residential For Sale

145 Sunset Linkway, Labelle Ns B0t 1e0

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$235900

Residential For Sale

216 Dufferin Street, Lunenburg Ns B0j 2c0

More Details

8Bedroom(s)

10Bathroom(s)

DetachedParking(s)

49Picture(s)

5,400Sqft

Listing courtesy of Red Door Realty(Lunenburg)

C$1350000

Residential For Sale

216 Dufferin Street, Lunenburg Ns B0j 2c0

8Bedroom(s)

10Bathroom(s)

DetachedParking(s)

5,400Sqft

Listing courtesy of Red Door Realty(Lunenburg)

This estate-like property on a landscaped, tree-lined 1 acre lot is comprised of 2 homes in one – a stunning century home & its adjoining Annex. The main house, a grand Edwardian residence bult in 1907, offers a tasteful blend of period detail & modern convenience.

C$1350000

Residential For Sale

216 Dufferin Street, Lunenburg Ns B0j 2c0

Listing courtesy of Red Door Realty(Lunenburg)

8Bedroom(s)

10Bathroom(s)

C$1350000

Residential For Sale

733 Heckmans Island Road, Heckmans Island Ns B0j 2c0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

1,750Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$995000

Residential For Sale

733 Heckmans Island Road, Heckmans Island Ns B0j 2c0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,750Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

Nestled in and perfectly positioned on this 4.88-acre waterfront parcel sits this well thought out energy efficient gem. As soon as you wander down the drive the stresses of the day begin to fade. Remove your footwear, look out over the water and enjoy the warmth of the in floor radiant heating and listen to the crackling of the fire logs in your contemporary Scandinavian fireplace.

C$995000

Residential For Sale

733 Heckmans Island Road, Heckmans Island Ns B0j 2c0

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

2Bathroom(s)

C$995000

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

More Details

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

4Picture(s)

596Sqft

Listing courtesy of RE/MAX Nova

C$329900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

596Sqft

Listing courtesy of RE/MAX Nova

The Villages of Long Lake is a Bare Land Condo Development on the Shores of Long Lake in East Uniacke. It is only 30 minutes from Burnside, 35 minutes from Halifax, Dartmouth and the Airport. Every lot in the development includes deeded access to this PRISTINE Lake.

C$329900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

40Picture(s)

2,695Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$799900

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,695Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to The Knolls of Glen Arbour! This stunning 2 storey new construction home is MOVE-IN READY! This home features 4 bedrooms, 3.5 bathrooms and 2695 sq. ft. of living space.

C$799900

Residential For Sale

11 Merion Court, Hammonds Plains Ns B4b 2r1

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$799900

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

47Picture(s)

1,815Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$485000

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

1,815Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Resting on over 5 acres, this beautifully renovated 3-bedroom, 3-bath home perfectly blends modern luxury with charming historical character. The heart of the home is the spacious open-concept kitchen and dining area, featuring sleek cabinetry, stainless steel appliances, and patio doors that make indoor-outdoor dining a breeze.

C$485000

Residential For Sale

750 Highway 210, Waterloo Ns B4v 8j5

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

3Bathroom(s)

C$485000

4739 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

52 Down River Lane, Maplewood Ns B0r 1a0

Residential For Sale

Residential For Sale

Residential For Sale

2092 Highway 201, Greenwood Square Ns B0p 1r0

Residential For Sale

Residential For Sale

Residential For Sale

3945 Shore Road, Hillsburn Ns B0s 1a0

Residential For Sale

Residential For Sale

Residential For Sale

1880 Clarence Road, Clarence Ns B0s 1c0

Residential For Sale

Residential For Sale

Residential For Sale

157 Blainedale Drive, Salmon River Ns B2n 6m3

Residential For Sale

Residential For Sale

Residential For Sale

2576 East Sable Road, East Sable River Ns B0t 1v0

Residential For Sale

Residential For Sale

Residential For Sale

145 Sunset Linkway, Labelle Ns B0t 1e0

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.