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

528 Hermans Island Road, Mahone Bay Ns B0j 1c0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

47Picture(s)

2,788Sqft

Listing courtesy of Bryant Realty Atlantic

C$2150000

Residential For Sale

528 Hermans Island Road, Mahone Bay Ns B0j 1c0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,788Sqft

Listing courtesy of Bryant Realty Atlantic

Oceanfront Masterpiece located on the South Shore of Nova Scotia - 528 Hermans Island Rd. Discover this exquisitely landscaped estate with a commercial quality wharf, situated on a southwest-facing 1.99 acre lot, boasting 165 feet of water frontage, including deep water anchorage.

C$2150000

Residential For Sale

528 Hermans Island Road, Mahone Bay Ns B0j 1c0

Listing courtesy of Bryant Realty Atlantic

4Bedroom(s)

3Bathroom(s)

C$2150000

Residential For Sale

218 Rhodora Drive, Middle Sackville Ns B4e 0x3

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

4Picture(s)

1,846Sqft

Listing courtesy of Royal LePage Atlantic

C$799900

Residential For Sale

218 Rhodora Drive, Middle Sackville Ns B4e 0x3

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,846Sqft

Listing courtesy of Royal LePage Atlantic

Another gorgeous slab on grade, single-level living bungalow being built by Kahill Custom Homes. Situated on a large lot with private backyard, this home features above-code insulated, ICF foundation with multiple zoned in-floor radiant heating, two energy-efficient ductless heat pumps and beautiful 9 foot ceilings.

C$799900

Residential For Sale

218 Rhodora Drive, Middle Sackville Ns B4e 0x3

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

11 And 23 Golden View Drive, St George's Channel Ns B0e 3k0

More Details

8Bedroom(s)

8Bathroom(s)

OtherParking(s)

50Picture(s)

3,690Sqft

Listing courtesy of Cape Breton Realty

C$2700000

Residential For Sale

11 And 23 Golden View Drive, St George's Channel Ns B0e 3k0

8Bedroom(s)

8Bathroom(s)

OtherParking(s)

3,690Sqft

Listing courtesy of Cape Breton Realty

Welcome to Golden View Dr. in Cape Breton, where you will find a large, secluded family estate spanning over 343 acres or 139 hectares. This property offers endless opportunities for development or simply enjoying your own privacy. Unique property with breathtaking views of the UNESCO-designated Bras dOr Lake.

C$2700000

Residential For Sale

11 And 23 Golden View Drive, St George's Channel Ns B0e 3k0

Listing courtesy of Cape Breton Realty

8Bedroom(s)

8Bathroom(s)

C$2700000

Residential For Sale

10762 Upper Clyde Road, Welshtown Ns B0t 1w0

More Details

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

46Picture(s)

1,450Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$329900

Residential For Sale

10762 Upper Clyde Road, Welshtown Ns B0t 1w0

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,450Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to 10762 Upper Clyde Road Nestled on over an acre of land, and set back from the road, this charming 4-bedroom, 1-bathroom home offers the perfect blend of comfort and convenience for your family. The modern kitchen is bright and inviting, with a convenient cutout opening to the living room, making it an ideal space for preparing family meals.

C$329900

Residential For Sale

10762 Upper Clyde Road, Welshtown Ns B0t 1w0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

121 Oak Drive, Forties Ns B0j 2e0

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

50Picture(s)

1,667Sqft

Listing courtesy of Sotheby's International Realty Canada

C$997000

Residential For Sale

121 Oak Drive, Forties Ns B0j 2e0

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

1,667Sqft

Listing courtesy of Sotheby's International Realty Canada

This stunning lakefront family compound is your opportunity to make lasting memories for generations to come! Welcome to 121 Oak Drive in the scenic & beautiful community of The Forties, Lunenburg County. Completely renovated in 2022, this 3 bedroom 2.

C$997000

Residential For Sale

121 Oak Drive, Forties Ns B0j 2e0

Listing courtesy of Sotheby's International Realty Canada

3Bedroom(s)

3Bathroom(s)

C$997000

Residential For Sale

109 Second Avenue, Digby Ns B0v 1a0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

33Picture(s)

1,387Sqft

Listing courtesy of Exit Realty Town & Country

C$389900

Residential For Sale

109 Second Avenue, Digby Ns B0v 1a0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,387Sqft

Listing courtesy of Exit Realty Town & Country

Oceanview! This beautiful home is only two years old, located in the heart of seaside Digby close to all the amenities this quaint town has to offer. The convenient attached garage leads to the lower level of the home which offers a large entryway, bedroom, large office or den and full bathroom.

C$389900

Residential For Sale

109 Second Avenue, Digby Ns B0v 1a0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

2Bathroom(s)

C$389900

Residential For Sale

702d-74 Washington Lane, Fall River Ns B2t 0x1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

9Picture(s)

1,609Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$829900

Residential For Sale

702d-74 Washington Lane, Fall River Ns B2t 0x1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,609Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Another quality built Gerald Mitchell Home. Welcome to the Garden Style Bungalow on slab. 1609 Square feet living space. This tried and tested plan checks all the boxes for comfortable, one level living. The sweet, covered entrance welcomes you home to a spacious entry that has good entry way storage and a convenient connection to the attached garage. The garage is heated, wired, 18 x 20.

C$829900

Residential For Sale

702d-74 Washington Lane, Fall River Ns B2t 0x1

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$829900

Residential For Sale

9260 Highway 2, Great Village Ns B0m 1l0

More Details

GravelParking(s)

6Picture(s)

384Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$69000

Residential For Sale

9260 Highway 2, Great Village Ns B0m 1l0

GravelParking(s)

384Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

This property presents an exciting opportunity for carpenters and builders looking to create a personalized space. With a lot size of 37,025 square feet, there's ample room to design a home or workshop that meets your vision.

C$69000

Residential For Sale

9260 Highway 2, Great Village Ns B0m 1l0

Listing courtesy of Keller Williams Select Realty (Truro)

C$69000

Residential For Sale

1 William Street, Liverpool Ns B0t 1k0

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

42Picture(s)

2,866Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

C$799900

Residential For Sale

1 William Street, Liverpool Ns B0t 1k0

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

2,866Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

Welcome to this beautifully renovated one-level home nestled in one of Liverpool's most coveted neighborhoods. Enjoy one of Liverpool's few ocean front properties while being conveniently close to local amenities and attractions. Step into the heart of the home, where a spacious open concept kitchen and dining room await.

C$799900

Residential For Sale

1 William Street, Liverpool Ns B0t 1k0

Listing courtesy of EXIT Realty Inter Lake Liverpool

4Bedroom(s)

3Bathroom(s)

C$799900

Residential For Sale

9 Mcdougall Street, Springhill Ns B0m 1x0

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

42Picture(s)

3,030Sqft

Listing courtesy of Exit Realty Town & Country

C$354900

Residential For Sale

9 Mcdougall Street, Springhill Ns B0m 1x0

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

3,030Sqft

Listing courtesy of Exit Realty Town & Country

This exquisite century-old home has been modernized to provide contemporary comforts while preserving its charming historical essence. Featuring five spacious bedrooms and two full bathrooms, along with convenient laundry facilities on the main level, it serves as an ideal family residence.

C$354900

Residential For Sale

9 Mcdougall Street, Springhill Ns B0m 1x0

Listing courtesy of Exit Realty Town & Country

5Bedroom(s)

2Bathroom(s)

C$354900

Residential For Sale

60 Post Office Road, Porters Lake Ns B3e 1h7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

2,238Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$1999999

Residential For Sale

60 Post Office Road, Porters Lake Ns B3e 1h7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,238Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Nestled on a spectacular level lot along the shores of Porters Lake, this stunning waterfront property offers an unparalleled lifestyle with two beautifully renovated homes, a two bedroom bunkhouse with a 3 piece bath attached to a double car garage, and 400 feet of prime lake frontage. The main bungalow was completely remodelled just 1.

C$1999999

Residential For Sale

60 Post Office Road, Porters Lake Ns B3e 1h7

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

2Bathroom(s)

C$1999999

Residential For Sale

276 Columbia Street, Sydney Ns B1p 4j7

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

50Picture(s)

1,680Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$199999

Residential For Sale

276 Columbia Street, Sydney Ns B1p 4j7

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,680Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to your dream home in the heart of Sydney! This charming residence is perfectly situated near convenient bus routes, making commuting a breeze. Boasting 4 spacious bedrooms on the second floor, along with a versatile 5th bedroom on the main floor, this home offers ample space for families of all sizes. With 2.5 well-appointed bathrooms, morning routines will be a delight.

C$199999

Residential For Sale

276 Columbia Street, Sydney Ns B1p 4j7

Listing courtesy of Coldwell Banker Boardwalk Realty

4Bedroom(s)

3Bathroom(s)

C$199999

4732 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

528 Hermans Island Road, Mahone Bay Ns B0j 1c0

Residential For Sale

Residential For Sale

Residential For Sale

218 Rhodora Drive, Middle Sackville Ns B4e 0x3

Residential For Sale

Residential For Sale

Residential For Sale

11 And 23 Golden View Drive, St George's Channel Ns B0e 3k0

Residential For Sale

Residential For Sale

Residential For Sale

10762 Upper Clyde Road, Welshtown Ns B0t 1w0

Residential For Sale

Residential For Sale

Residential For Sale

121 Oak Drive, Forties Ns B0j 2e0

Residential For Sale

Residential For Sale

Residential For Sale

109 Second Avenue, Digby Ns B0v 1a0

Residential For Sale

Residential For Sale

Residential For Sale

702d-74 Washington Lane, Fall River Ns B2t 0x1

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.