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.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

3078 Ostrea Lake Road, Pleasant Point Ns B0j 2l0

More Details

2Bedroom(s)

3Bathroom(s)

DoubleParking(s)

43Picture(s)

1,736Sqft

Listing courtesy of Engel & Volkers

C$675000

Residential For Sale

3078 Ostrea Lake Road, Pleasant Point Ns B0j 2l0

2Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,736Sqft

Listing courtesy of Engel & Volkers

Discover a rare opportunity to own a stunning 1.34-acre property on Nova Scotia’s breathtaking Eastern Shore. Nestled on the serene Ostrea Lake with 348 feet of direct lake frontage, this unique retreat offers the perfect blend of tranquil lakefront living and captivating Atlantic Ocean views.

C$675000

Residential For Sale

3078 Ostrea Lake Road, Pleasant Point Ns B0j 2l0

Listing courtesy of Engel & Volkers

2Bedroom(s)

3Bathroom(s)

C$675000

Residential For Sale

73 Ellis Street, New Glasgow Ns B2h 2g9

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

7Picture(s)

864Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$124900

Residential For Sale

73 Ellis Street, New Glasgow Ns B2h 2g9

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

864Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

What an opportunity this is! We won't kid you, this property needs cosmetic work but the electrical has been updated, a heat pump added, and the roof shingles are newer. With 3 PIDs that total just under 15,000 sq ft you have a huge lot that has endless possibilities. This 2 bedroom 1 bath home is your chance to even buy an investment property at a low price comparatively.

C$124900

Residential For Sale

73 Ellis Street, New Glasgow Ns B2h 2g9

Listing courtesy of Blinkhorn Real Estate Ltd.

2Bedroom(s)

1Bathroom(s)

C$124900

Residential For Sale

685 Greenville Road, Greenville Station Ns B0m 1z0

More Details

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

16Picture(s)

936Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$169900

Residential For Sale

685 Greenville Road, Greenville Station Ns B0m 1z0

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

936Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

This charming 2 bedroom home is perfectly situated for outdoor enthusiasts, offering easy access to Ski Wentworth and nearby ATV trail, fishing, hunting and hiking. Whether you're hitting the slopes or exploring the trails year-round, this location has it all. Inside you'll find a warm and inviting space with plenty of natural light.

C$169900

Residential For Sale

685 Greenville Road, Greenville Station Ns B0m 1z0

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$169900

Residential For Sale

201 Southwest Cove Road, Southwest Cove Ns B0j 2l0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

1,858Sqft

Listing courtesy of Exit Realty Metro

C$799900

Residential For Sale

201 Southwest Cove Road, Southwest Cove Ns B0j 2l0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,858Sqft

Listing courtesy of Exit Realty Metro

Discover the true meaning of, "Breathtaking", with this absolutely stunning, direct oceanfront home and property with true southern exposure! The interior is not only spacious with an absolutely great layout (with all bedrooms separated) but also boasts very large floor to ceiling windows in most of the home too.

C$799900

Residential For Sale

201 Southwest Cove Road, Southwest Cove Ns B0j 2l0

Listing courtesy of Exit Realty Metro

3Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

1104 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

2Picture(s)

1,044Sqft

Listing courtesy of Hants Realty Ltd.

C$360000

Residential For Sale

1104 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,044Sqft

Listing courtesy of Hants Realty Ltd.

Looking for a new home that has 2 bedrooms on a heated in-floor slab in Colchester? Look no further than this new home located at 1104 Crowes Mills Rd., Onslow Mountain. This 1/2 acre property will be impressive. This new construction on slab will be mobility friendly with 36" door openings and lowered controls throughout.

C$360000

Residential For Sale

1104 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$360000

Residential For Sale

Joy Drive, Greenfield Ns B6l 3s9

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1Picture(s)

1,031Sqft

Listing courtesy of Hants Realty Ltd.

C$409900

Residential For Sale

Joy Drive, Greenfield Ns B6l 3s9

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,031Sqft

Listing courtesy of Hants Realty Ltd.

Looking for a new home that has 2 bedrooms on a heated in-floor slab with attached garage in Colchester? Look no further than this new home located on Joy Dr, Greenfield. This 1.3 acre property will be impressive. This new construction on slab will be mobility friendly with 36" door openings and lowered controls throughout.

C$409900

Residential For Sale

Joy Drive, Greenfield Ns B6l 3s9

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$409900

Residential For Sale

340 Foundry Street, Oxford Ns B0m 1p0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,788Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$349900

Residential For Sale

340 Foundry Street, Oxford Ns B0m 1p0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,788Sqft

Listing courtesy of Coldwell Banker Performance Realty

RENOVATED HOME WITH DOUBLE GARAGE! Over the last seven years this home has been extensively renovated, all new exterior cedar shingles (2022/2023), all newer vinyl windows, double garage with concrete floor, heated, wired and 5-ton commercial hoist, concrete pad gazebo with metal roof, all new kitchen cabinets, doors, flooring, front & back deck, roof is 7 years old, septic is approximately 8 year

C$349900

Residential For Sale

340 Foundry Street, Oxford Ns B0m 1p0

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

164 Kenomee Heights Lane, Upper Economy, NS B0M 1J0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,282Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$469000

Residential For Sale

164 Kenomee Heights Lane, Upper Economy, NS B0M 1J0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,282Sqft

Listing courtesy of Royal LePage Truro Real Estate

The views are amazing and the atmosphere is incredible in this bright log home in Upper Economy at the end of a private lane. This warm and well maintained home is within walking distance to the beach, where you can swim, and bass fishing is nearby.

C$469000

Residential For Sale

164 Kenomee Heights Lane, Upper Economy, NS B0M 1J0

Listing courtesy of Royal LePage Truro Real Estate

3Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

253 Perry Road, Carleton Ns B5a 5r2

More Details

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

20Picture(s)

1,700Sqft

Listing courtesy of Modern Realty

C$499900

Residential For Sale

253 Perry Road, Carleton Ns B5a 5r2

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

1,700Sqft

Listing courtesy of Modern Realty

Nestled on the shores of Lake Fanning, 253 Perry Road, Carleton offers a serene lakefront retreat with 1,700 sq. ft. of living space. This 2-bedroom, 2-bathroom home features an open-concept living area with two skylights, an eat-in kitchen, and a primary bedroom with stunning lake views.

C$499900

Residential For Sale

253 Perry Road, Carleton Ns B5a 5r2

Listing courtesy of Modern Realty

2Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

5982 Stellarton Trafalgar Road, Riverton Ns B0k 1s0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

33Picture(s)

1,898Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$749900

Residential For Sale

5982 Stellarton Trafalgar Road, Riverton Ns B0k 1s0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,898Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Located just a short drive from essential amenities, this versatile property offers an exciting opportunity for both residential living and business expansion.

C$749900

Residential For Sale

5982 Stellarton Trafalgar Road, Riverton Ns B0k 1s0

Listing courtesy of Blinkhorn Real Estate Ltd.

5Bedroom(s)

3Bathroom(s)

C$749900

Residential For Sale

49742 Cabot Trail, Goose Cove Ns B0e 1b0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

35Picture(s)

1,152Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$319000

Residential For Sale

49742 Cabot Trail, Goose Cove Ns B0e 1b0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,152Sqft

Listing courtesy of EXP Realty of Canada Inc.

Nestled along the breathtaking shores of St. Ann's Bay, this fully furnished, well-maintained home offers an exceptional opportunity to own a slice of paradise. Situated on 4.43 acres, including 3 acres of water frontage, this property is a haven for outdoor enthusiasts and nature lovers.

C$319000

Residential For Sale

49742 Cabot Trail, Goose Cove Ns B0e 1b0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$319000

Residential For Sale

71 Main Street, Liverpool Ns B0t 1k0

More Details

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

34Picture(s)

1,750Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

C$354900

Residential For Sale

71 Main Street, Liverpool Ns B0t 1k0

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,750Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

Steeped in history, and located in Liverpool's locust-lined historic Fort Point district is this beautiful 271 year old home. Walk inside and immediately feel as though you are stepping back in time in this character-filled property! Softwood plank floors, hand hewn beams and 9 over 6 windows are just a few of the features that make this home one of a kind.

C$354900

Residential For Sale

71 Main Street, Liverpool Ns B0t 1k0

Listing courtesy of EXIT Realty Inter Lake Liverpool

3Bedroom(s)

3Bathroom(s)

C$354900

4730 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

3078 Ostrea Lake Road, Pleasant Point Ns B0j 2l0

Residential For Sale

Residential For Sale

Residential For Sale

73 Ellis Street, New Glasgow Ns B2h 2g9

Residential For Sale

Residential For Sale

Residential For Sale

685 Greenville Road, Greenville Station Ns B0m 1z0

Residential For Sale

Residential For Sale

Residential For Sale

201 Southwest Cove Road, Southwest Cove Ns B0j 2l0

Residential For Sale

Residential For Sale

Residential For Sale

1104 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

Residential For Sale

Residential For Sale

Residential For Sale

Joy Drive, Greenfield Ns B6l 3s9

Residential For Sale

Residential For Sale

Residential For Sale

340 Foundry Street, Oxford Ns B0m 1p0

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.