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

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

More Details

4Bedroom(s)

2Bathroom(s)

1.5Parking(s)

44Picture(s)

1,882Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$560000

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

4Bedroom(s)

2Bathroom(s)

1.5Parking(s)

1,882Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Charming 4-Bedroom, 2-Bath Home in Desirable Armcrest Subdivision Located in the highly sought-after Armcrest Subdivision, this spacious 4-bedroom, 2-bath home is ideally situated near walking trails, public transportation, shopping, and more.

C$560000

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

2Bathroom(s)

C$560000

Residential For Sale

17873 Ns-316, Country Harbour Ns B0h 1j0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

12Picture(s)

1,040Sqft

Listing courtesy of PG Direct Realty Ltd.

C$395000

Residential For Sale

17873 Ns-316, Country Harbour Ns B0h 1j0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,040Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. This charming 3-bedroom bungalow sits on nearly a full acre, conveniently located off Highway 316. Inside, the home features quality upgrades including crown molding, Quartz counters & engineered hardwood floors.

C$395000

Residential For Sale

17873 Ns-316, Country Harbour Ns B0h 1j0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$395000

Residential For Sale

47403 Cabot Trail, Goose Cove Ns B0e 1b0

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

39Picture(s)

562Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$349900

Residential For Sale

47403 Cabot Trail, Goose Cove Ns B0e 1b0

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

562Sqft

Listing courtesy of EXP Realty of Canada Inc.

Nestled along the stunning World Famous Cabot Trail is this marvelous off-grid "glamping" experience. Already an established income property, this 15 acre piece of paradise is only 30 minutes from Baddeck in the community of Tarbotvale. There are four cozy, off-grid cabins on the property. The main cabin, although still off-grid, was recently connected to power.

C$349900

Residential For Sale

47403 Cabot Trail, Goose Cove Ns B0e 1b0

Listing courtesy of EXP Realty of Canada Inc.

4Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

256 Killam Road, Deerfield Ns B5a 5n8

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,600Sqft

Listing courtesy of The Real Estate Store

C$419900

Residential For Sale

256 Killam Road, Deerfield Ns B5a 5n8

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,600Sqft

Listing courtesy of The Real Estate Store

If country living is what you are looking for welcome to 256 Killam Road, Deerfield. This property is located approximately 15 minutes from Yarmuth with a park like setting on a 3.04 acre private property that has a beautiful lake view. The 2600 sq. ft house has 3 large bedrooms, 2 full floor heated bathrooms and lots of open living space with lots of storage space.

C$419900

Residential For Sale

256 Killam Road, Deerfield Ns B5a 5n8

Listing courtesy of The Real Estate Store

3Bedroom(s)

2Bathroom(s)

C$419900

Residential For Sale

58 Pierce Point Road, Western Head Ns B0t 1k0

More Details

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

44Picture(s)

1,560Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$1195000

Residential For Sale

58 Pierce Point Road, Western Head Ns B0t 1k0

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,560Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

The "De Vries House", from the renowned architectural firm, MacKay-Lyons Sweetapple Architects, is a 21st century, post-modern home set on a level promontory of 2.7 acres, with 280 feet of direct, bold oceanfront facing south-west.

C$1195000

Residential For Sale

58 Pierce Point Road, Western Head Ns B0t 1k0

Listing courtesy of Engel & Volkers (Lunenburg)

2Bedroom(s)

3Bathroom(s)

C$1195000

Residential For Sale

7 Bell Bay Way, Baddeck Ns B0c 1h0

More Details

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

44Picture(s)

1,650Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$169000

Residential For Sale

7 Bell Bay Way, Baddeck Ns B0c 1h0

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

1,650Sqft

Listing courtesy of RE/MAX Park Place Inc.

Your OPPORTUNITY to own an exquisite fractional ownership condo located in the prestigious Kildare Landing, Baddeck with golf privileges & waterfront access included. This ideal property offers you the luxury and convenience of owning a stunning three-bedroom, 2.

C$169000

Residential For Sale

7 Bell Bay Way, Baddeck Ns B0c 1h0

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

3Bathroom(s)

C$169000

Residential For Sale

351 Old Post Road, Clementsport Ns B0s 1a0

More Details

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

19Picture(s)

580Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$275000

Residential For Sale

351 Old Post Road, Clementsport Ns B0s 1a0

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

580Sqft

Listing courtesy of RE/MAX Banner Real Estate

Rare find! This attractive, inviting one bedroom, well maintained home in a country setting with 23+/- surveyed acres with over 500 feet on Old Post Road in the village of Clementsport could be just the spot for you. Expansive front lawn surrounded by mature trees, bordered by a brook adds to the charm and privacy. Unique stone wall on property. Interior floor plan is nicely laid out.

C$275000

Residential For Sale

351 Old Post Road, Clementsport Ns B0s 1a0

Listing courtesy of RE/MAX Banner Real Estate

1Bedroom(s)

1Bathroom(s)

C$275000

Residential For Sale

164 Indian Point Road, East Port Medway Ns B0j 2h0

More Details

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

36Picture(s)

1,028Sqft

Listing courtesy of Red Door Realty(20036)

C$550000

Residential For Sale

164 Indian Point Road, East Port Medway Ns B0j 2h0

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

1,028Sqft

Listing courtesy of Red Door Realty(20036)

Two bedroom 1.5 bathroom chalet with magnificent views and frontage on Port Medway Harbour. Built in 2006 the log home sits on 2.19 acres of land providing picturesque privacy.

C$550000

Residential For Sale

164 Indian Point Road, East Port Medway Ns B0j 2h0

Listing courtesy of Red Door Realty(20036)

2Bedroom(s)

2Bathroom(s)

C$550000

Residential For Sale

581 Stanburne Road, Stanburne Ns B0r 1a0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

42Picture(s)

1,443Sqft

Listing courtesy of Red Door Realty(20036)

C$449000

Residential For Sale

581 Stanburne Road, Stanburne Ns B0r 1a0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,443Sqft

Listing courtesy of Red Door Realty(20036)

Charming farmhouse, circa 1890, with 4 bedrooms and 1.5 bathrooms, a beautiful barn, and screened-in outdoor living space. New outdoor furnace/boiler that can burn wood or coal. New wood-burning kitchen stove. Metal roof, electrical updates, fibre op internet, and extra rooms for quiet office space.

C$449000

Residential For Sale

581 Stanburne Road, Stanburne Ns B0r 1a0

Listing courtesy of Red Door Realty(20036)

4Bedroom(s)

2Bathroom(s)

C$449000

Residential For Sale

373 214 Highway, Elmsdale Ns B2s 2l8

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

29Picture(s)

2,320Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$2700000

Residential For Sale

373 214 Highway, Elmsdale Ns B2s 2l8

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,320Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Attention Developers! This 3 acre riverfront property is in the ideal location for commercial development. Zoning is Regional Commercial which allows for a variety of uses from hotel to retail, restaurant, industrial and automotive. Potential for multi-unit housing project with development agreement (none in place yet).

C$2700000

Residential For Sale

373 214 Highway, Elmsdale Ns B2s 2l8

Listing courtesy of Viewpoint Realty Services Inc.

5Bedroom(s)

2Bathroom(s)

C$2700000

Residential For Sale

3 North Street, Truro Ns B2n 2c9

More Details

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

23Picture(s)

1,514Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$349000

Residential For Sale

3 North Street, Truro Ns B2n 2c9

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,514Sqft

Listing courtesy of Royal LePage Truro Real Estate

Welcome to this conveniently located and very well kept family home in Truro. There are 3 bedrooms upstairs, as well as a main floor den/office that could be a bedroom. You will appreciate the 1.5 baths as well as main floor laundry.

C$349000

Residential For Sale

3 North Street, Truro Ns B2n 2c9

Listing courtesy of Royal LePage Truro Real Estate

3Bedroom(s)

2Bathroom(s)

C$349000

Residential For Sale

1126 Rockcliffe Street, Halifax Ns B3h 3y6

More Details

4Bedroom(s)

6Bathroom(s)

44Picture(s)

4,393Sqft

Listing courtesy of Sotheby's International Realty Canada

C$4150000

Residential For Sale

1126 Rockcliffe Street, Halifax Ns B3h 3y6

4Bedroom(s)

6Bathroom(s)

4,393Sqft

Listing courtesy of Sotheby's International Realty Canada

This is one of the most exceptional estates on the Northwest Arm, and this moment presents a rare opportunity to be its third owner, offering the chance to enjoy its rich legacy while creating your own chapter in this truly special place.

C$4150000

Residential For Sale

1126 Rockcliffe Street, Halifax Ns B3h 3y6

Listing courtesy of Sotheby's International Realty Canada

4Bedroom(s)

6Bathroom(s)

C$4150000

4727 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

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

Residential For Sale

Residential For Sale

Residential For Sale

17873 Ns-316, Country Harbour Ns B0h 1j0

Residential For Sale

Residential For Sale

Residential For Sale

47403 Cabot Trail, Goose Cove Ns B0e 1b0

Residential For Sale

Residential For Sale

Residential For Sale

256 Killam Road, Deerfield Ns B5a 5n8

Residential For Sale

Residential For Sale

Residential For Sale

58 Pierce Point Road, Western Head Ns B0t 1k0

Residential For Sale

Residential For Sale

Residential For Sale

7 Bell Bay Way, Baddeck Ns B0c 1h0

Residential For Sale

Residential For Sale

Residential For Sale

351 Old Post Road, Clementsport Ns B0s 1a0

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.