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

6369 Coburg Road, Halifax Ns B3h 1z9

More Details

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

26Picture(s)

680Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$325000

Residential For Sale

6369 Coburg Road, Halifax Ns B3h 1z9

1Bedroom(s)

1Bathroom(s)

OtherParking(s)

680Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Stunning Condo with Breathtaking Halifax Views! Welcome to this beautifully renovated one-bedroom, one-bathroom condo, where modern elegance meets unbeatable convenience. Nestled just moments from Dalhousie University and with seamless access to downtown Halifax, this stylish unit offers the perfect blend of comfort and location.

C$325000

Residential For Sale

6369 Coburg Road, Halifax Ns B3h 1z9

Listing courtesy of Royal LePage Atlantic (Dartmouth)

1Bedroom(s)

1Bathroom(s)

C$325000

Residential For Sale

404 5234 Morris Street, Halifax Peninsula Ns B3j 0a3

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

30Picture(s)

1,170Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$634900

Residential For Sale

404 5234 Morris Street, Halifax Peninsula Ns B3j 0a3

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,170Sqft

Listing courtesy of EXP Realty of Canada Inc.

Ever wanted to live in the heart of Halifax? To be able to wake up in the morning and smell the ocean air? Well here is the condo you've been waiting for! 404 5234 Morris Street sits in the heart of downtown Halifax. Walking distance to Halifax's famed waterfront, the Spring Garden Road shopping district, and the acclaimed historic heritage properties on Barrington Street.

C$634900

Residential For Sale

404 5234 Morris Street, Halifax Peninsula Ns B3j 0a3

Listing courtesy of EXP Realty of Canada Inc.

2Bedroom(s)

2Bathroom(s)

C$634900

Residential For Sale

33 Cornwallis Street, Lunenburg Ns B0j 2c0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

48Picture(s)

3,787Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$995000

Residential For Sale

33 Cornwallis Street, Lunenburg Ns B0j 2c0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,787Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

Ideally situated in the heart of Old Town Lunenburg, this beautifully landscaped home in perfect condition, is a wonderful blend of old and new that retains so much of its original character and history throughout. Circa 1850, this spectacular heritage property has been restored from top to bottom, inside out the last several years.

C$995000

Residential For Sale

33 Cornwallis Street, Lunenburg Ns B0j 2c0

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

3Bedroom(s)

3Bathroom(s)

C$995000

Residential For Sale

90 Canyon Point Road, Vaughan Ns B0n 2t0

More Details

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

12Picture(s)

1,144Sqft

Listing courtesy of PG Direct Realty Ltd.

C$575000

Residential For Sale

90 Canyon Point Road, Vaughan Ns B0n 2t0

3Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

1,144Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Located between Windsor and Chester, NS, in the heart of cottage country, is Canyon Point Resort. Known as a "bare land condominium" development.

C$575000

Residential For Sale

90 Canyon Point Road, Vaughan Ns B0n 2t0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$575000

Residential For Sale

11 Hilton Drive, Woodlawn Ns B2w 1l6

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

42Picture(s)

1,581Sqft

Listing courtesy of Red Door Realty

C$532900

Residential For Sale

11 Hilton Drive, Woodlawn Ns B2w 1l6

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,581Sqft

Listing courtesy of Red Door Realty

Charming 3 +1 Bedroom Semi-Detached Home with In-Law Suite and Garage Welcome to your dream home! This sunny 3-bedroom semi-detached residence is not only a haven of comfort but also a fantastic investment opportunity, featuring an impressive in-law suite perfect for multi-generational living or potential rental income.

C$532900

Residential For Sale

11 Hilton Drive, Woodlawn Ns B2w 1l6

Listing courtesy of Red Door Realty

4Bedroom(s)

2Bathroom(s)

C$532900

Residential For Sale

31 Wexford Drive, Valley, NS B6L 0A9

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

20Picture(s)

1,454Sqft

Listing courtesy of PG Direct Realty Ltd.

C$559000

Residential For Sale

31 Wexford Drive, Valley, NS B6L 0A9

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,454Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Discover comfort and elegance in this beautifully designed 3-bedroom, 2-bathroom rancher on an expansive corner lot in Valley. Gleaming hardwood floors and ceramic tile flow through the open-concept living room, kitchen and adjacent dining area.

C$559000

Residential For Sale

31 Wexford Drive, Valley, NS B6L 0A9

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$559000

Residential For Sale

542 King Street, Windsor Ns B0n 2t0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

2,700Sqft

Listing courtesy of Royal LePage Atlantic

C$619900

Residential For Sale

542 King Street, Windsor Ns B0n 2t0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,700Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 542 King Street in Windsor. Historical beauty and grandeur meets modern efficiency and comfort. Perched on a spacious, quiet, private property in the heart of "The Little Town of Big Firsts".

C$619900

Residential For Sale

542 King Street, Windsor Ns B0n 2t0

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$619900

Residential For Sale

88 Mckenzie Lane, Mount Uniacke Ns B0n 1z0

More Details

3Bedroom(s)

3Bathroom(s)

Circular DrivewayParking(s)

50Picture(s)

3,008Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$619900

Residential For Sale

88 Mckenzie Lane, Mount Uniacke Ns B0n 1z0

3Bedroom(s)

3Bathroom(s)

Circular DrivewayParking(s)

3,008Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Sellers motivated. Looking for more space in your home? This thoughtfully designed ICF construction home offers both functionality and comfort. The open-concept layout features a spacious kitchen and living area, perfect for entertaining. A versatile front room can be used as a home office or an additional sitting area. Upstairs, you'll find three generously sized bedrooms.

C$619900

Residential For Sale

88 Mckenzie Lane, Mount Uniacke Ns B0n 1z0

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

3Bathroom(s)

C$619900

Residential For Sale

5021 River John Road, Pictou Ns B0k 1h0

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

48Picture(s)

4,748Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$799999

Residential For Sale

5021 River John Road, Pictou Ns B0k 1h0

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,748Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to this stunning, 1.5-year-young new construction, nestled on just under 5 acres of pristine land on River John Road. Surrounded by mature trees and only 8 minutes from the main highway, 7 minutes to West Pictou Consolidated school and minutes to the grocery store, this home offers the perfect blend of privacy and convenience.

C$799999

Residential For Sale

5021 River John Road, Pictou Ns B0k 1h0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

5Bedroom(s)

4Bathroom(s)

C$799999

Residential For Sale

125 The Point Road, Blue Rocks Ns B0j 2c0

More Details

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

43Picture(s)

1,204Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$695000

Residential For Sale

125 The Point Road, Blue Rocks Ns B0j 2c0

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,204Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Blue Rocks—a stunning coastal retreat nestled along Nova Scotia's rugged shoreline, offering panoramic views that will leave you in awe. This world-renowned location provides the rare chance to spot the iconic Bluenose II as it sails by, adding a touch of maritime charm to your daily life.

C$695000

Residential For Sale

125 The Point Road, Blue Rocks Ns B0j 2c0

Listing courtesy of Engel & Volkers (Lunenburg)

2Bedroom(s)

3Bathroom(s)

C$695000

Residential For Sale

1587 Highway 360, Garland Ns B0p 1e0

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

32Picture(s)

1,018Sqft

Listing courtesy of Exit Realty Town & Country

C$399900

Residential For Sale

1587 Highway 360, Garland Ns B0p 1e0

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,018Sqft

Listing courtesy of Exit Realty Town & Country

Charming bungalow with breathtaking views of the Bay of Fundy! Nestled on a peaceful country lot, this newly constructed 3-bedroom, 1-bathroom bungalow offers the perfect blend of modern living and serene natural beauty. Boasting stunning, panoramic views of the Bay of Fundy, the home’s open-concept design creates a spacious and airy atmosphere, ideal for both relaxation and entertaining.

C$399900

Residential For Sale

1587 Highway 360, Garland Ns B0p 1e0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

692 Brook Road, Welsford Ns B0k 1n0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

13Picture(s)

552Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

C$144500

Residential For Sale

692 Brook Road, Welsford Ns B0k 1n0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

552Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

Here we have a fully renovated two bedroom bungalow just minutes from River John. The kitchen is open concept to the living room, with two bedrooms and a full bath. A heat pump and electric baseboard heat will keep you comfortable year round. There is a half acre of land consisting of some yard space as well as a wooded area.

C$144500

Residential For Sale

692 Brook Road, Welsford Ns B0k 1n0

Listing courtesy of Sunrise Brokerage & Sales Ltd.

2Bedroom(s)

1Bathroom(s)

C$144500

4745 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

6369 Coburg Road, Halifax Ns B3h 1z9

Residential For Sale

Residential For Sale

Residential For Sale

404 5234 Morris Street, Halifax Peninsula Ns B3j 0a3

Residential For Sale

Residential For Sale

Residential For Sale

33 Cornwallis Street, Lunenburg Ns B0j 2c0

Residential For Sale

Residential For Sale

Residential For Sale

90 Canyon Point Road, Vaughan Ns B0n 2t0

Residential For Sale

Residential For Sale

Residential For Sale

11 Hilton Drive, Woodlawn Ns B2w 1l6

Residential For Sale

Residential For Sale

Residential For Sale

31 Wexford Drive, Valley, NS B6L 0A9

Residential For Sale

Residential For Sale

Residential For Sale

542 King Street, Windsor Ns B0n 2t0

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.