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

5 Strickland Road, Yarmouth Ns B5a 5a6

More Details

4Bedroom(s)

1Bathroom(s)

AttachedParking(s)

43Picture(s)

2,119Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$198750

Residential For Sale

5 Strickland Road, Yarmouth Ns B5a 5a6

4Bedroom(s)

1Bathroom(s)

AttachedParking(s)

2,119Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

This is a homestead that is situated on a corner lot with 4.5 acres bordering a quiet and peaceful stream. This amazing outdoor space with both apple and plum trees adds to your many options for gardening and room for your pets and children to enjoy. With generous living spaces, this 4 or 5 bedroom home will be flexible for your needs. Some new gyproc has been added to the upstairs bedrooms.

C$198750

Residential For Sale

5 Strickland Road, Yarmouth Ns B5a 5a6

Listing courtesy of Engel & Volkers (Yarmouth)

4Bedroom(s)

1Bathroom(s)

C$198750

Residential For Sale

17600 & 17604 Highway 103, Italy Cross Ns B4v 0l1

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

44Picture(s)

1,090Sqft

Listing courtesy of EXIT Realty Inter Lake

C$539900

Residential For Sale

17600 & 17604 Highway 103, Italy Cross Ns B4v 0l1

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,090Sqft

Listing courtesy of EXIT Realty Inter Lake

Opportunity awaits for all Buyers with this incredible and well maintained property offering 2 Homes including a meticulously maintained 2 Bedroom bungalow, a well maintained 2 Bedroom (could be turned back into 3 beds) Mini Home, a detached and wired 2 car Garage, a Workshop, a Barn, and a total of 3.48 Acres of prime Real Estate! If you have driven by it...

C$539900

Residential For Sale

17600 & 17604 Highway 103, Italy Cross Ns B4v 0l1

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$539900

Residential For Sale

2543 Ridge Road, Hillgrove Ns B0v 1a0

More Details

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

50Picture(s)

2,304Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$345000

Residential For Sale

2543 Ridge Road, Hillgrove Ns B0v 1a0

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

2,304Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 2543 Ridge Road, discover this one of a kind 3 bedroom, 2 bathroom home nestled on almost 7 acres of prime surveyed land. Designed with a bright open-concept layout this home offers a seamless flow from living to dining, ideal for entertaining and everyday comfort.

C$345000

Residential For Sale

2543 Ridge Road, Hillgrove Ns B0v 1a0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

2Bathroom(s)

C$345000

Residential For Sale

20 Kimberley Avenue, Bible Hill Ns B2n 2z1

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

1,582Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$458000

Residential For Sale

20 Kimberley Avenue, Bible Hill Ns B2n 2z1

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,582Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Welcome to this beautifully maintained three-bedroom home, a secluded gem located just minutes from town. It is nestled on a quiet dead-end street and is ready for its new owner. The open concept kitchen and dining room create a welcoming atmosphere, ideal for family gatherings and entertaining.

C$458000

Residential For Sale

20 Kimberley Avenue, Bible Hill Ns B2n 2z1

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$458000

Residential For Sale

3572 Acadia Street, Halifax Ns B3k 3p4

More Details

6Bedroom(s)

6Bathroom(s)

SingleParking(s)

16Picture(s)

3,700Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

C$2495000

Residential For Sale

3572 Acadia Street, Halifax Ns B3k 3p4

6Bedroom(s)

6Bathroom(s)

SingleParking(s)

3,700Sqft

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

Welcome to 3572/3574 Acadia Street—a striking, contemporary dual-unit residence that redefines urban luxury in Halifax’s vibrant North End. This architecturally unique home offers approximately 3,700 sq. ft. of meticulously designed living space and over 2000 sq. ft. of private balconies with sweeping views of the Halifax Harbour.

C$2495000

Residential For Sale

3572 Acadia Street, Halifax Ns B3k 3p4

Listing courtesy of INNOVATIVE REAL ESTATE LTD - A507

6Bedroom(s)

6Bathroom(s)

C$2495000

Residential For Sale

48 Judge Fulton Road, Bass River Ns B0m 1b0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

17Picture(s)

720Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$159900

Residential For Sale

48 Judge Fulton Road, Bass River Ns B0m 1b0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

720Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Welcome to this cozy 2-bedroom, 1-bathroom home located at 48 Judge Fulton Rd. This property is brimming with potential and is perfect for those looking to add their personal touch. Nestled on a spacious double lot, this home offers ample room for outdoor activities and gardening.

C$159900

Residential For Sale

48 Judge Fulton Road, Bass River Ns B0m 1b0

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

1Bathroom(s)

C$159900

Residential For Sale

286 Trout Cove Road, Centreville Ns B0v 1a0

More Details

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

30Picture(s)

900Sqft

Listing courtesy of Exit Realty Town & Country

C$234900

Residential For Sale

286 Trout Cove Road, Centreville Ns B0v 1a0

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

900Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to 286 Trout Cove Road, Centreville — a quaint 2-bedroom, 1-bath home nestled perfectly on expansive green space with distant views of the Bay of Fundy. Sitting lovingly on approximately 100+/- acres, this property offers your very own nature’s playground with endless opportunities to explore. Bring your East Coast dream to life with large acreage and water views.

C$234900

Residential For Sale

286 Trout Cove Road, Centreville Ns B0v 1a0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$234900

Residential For Sale

411 Malcolm's Road, Albert Bridge, NS B1K 2T9

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

33Picture(s)

3,403Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$919900

Residential For Sale

411 Malcolm's Road, Albert Bridge, NS B1K 2T9

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,403Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

Welcome to 411 Malcolm's Rd. This piece of paradise on the Mira River certainly doesn’t disappoint. Situated on 1.37 acres this home features 3400 square feet of living space and offers country living at its best just a short drive to Sydney. This beautiful waterfront home features 5 bedrooms, 3.5 baths including a generous, newly renovated, ensuite.

C$919900

Residential For Sale

411 Malcolm's Road, Albert Bridge, NS B1K 2T9

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

5Bedroom(s)

4Bathroom(s)

C$919900

Residential For Sale

1706-6369 Coburg Road, Halifax Ns B3h 4j7

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

25Picture(s)

1,133Sqft

Listing courtesy of Royal LePage Atlantic

C$424995

Residential For Sale

1706-6369 Coburg Road, Halifax Ns B3h 4j7

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,133Sqft

Listing courtesy of Royal LePage Atlantic

Big Views. Big Space. Big Opportunity — South End Gem! Why settle for ordinary when you can live large in one of Halifax's most coveted, established neighbourhoods? With over 1100 sq. ft.

C$424995

Residential For Sale

1706-6369 Coburg Road, Halifax Ns B3h 4j7

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$424995

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

More Details

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

3Picture(s)

504Sqft

Listing courtesy of RE/MAX Nova

C$289900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

2Bedroom(s)

1Bathroom(s)

DrivewayParking(s)

504Sqft

Listing courtesy of RE/MAX Nova

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

C$289900

Residential For Sale

Loon Point Trail, East Uniacke Ns B0n 1z0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

13 Cove Road, Bramber Ns B0n 2r0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

46Picture(s)

1,175Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$349900

Residential For Sale

13 Cove Road, Bramber Ns B0n 2r0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,175Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Charming Bungalow in Bramber with Partial Water Views! Welcome to this delightful bungalow tucked away on a private road in the peaceful community of Bramber. Just a stone’s throw from the stunning Minas Basin, this property offers partial water views and the perfect blend of comfort and coastal charm.

C$349900

Residential For Sale

13 Cove Road, Bramber Ns B0n 2r0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

3Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

167 Annis Beach Road, Molega Ns B0t 1e0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

50Picture(s)

864Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$285000

Residential For Sale

167 Annis Beach Road, Molega Ns B0t 1e0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

864Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Enjoy picturesque views and the sounds of nature from the wrap-around deck, or deeded lake access area just across the road! Brand new, quality construction, backing onto a greenbelt - Here's a house, cottage or home-away-from home that's freshly completed, and ready for Summer fun! With two spacious bedrooms, 1.

C$285000

Residential For Sale

167 Annis Beach Road, Molega Ns B0t 1e0

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

2Bathroom(s)

C$285000

4826 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

5 Strickland Road, Yarmouth Ns B5a 5a6

Residential For Sale

Residential For Sale

Residential For Sale

17600 & 17604 Highway 103, Italy Cross Ns B4v 0l1

Residential For Sale

Residential For Sale

Residential For Sale

2543 Ridge Road, Hillgrove Ns B0v 1a0

Residential For Sale

Residential For Sale

Residential For Sale

20 Kimberley Avenue, Bible Hill Ns B2n 2z1

Residential For Sale

Residential For Sale

Residential For Sale

3572 Acadia Street, Halifax Ns B3k 3p4

Residential For Sale

Residential For Sale

Residential For Sale

48 Judge Fulton Road, Bass River Ns B0m 1b0

Residential For Sale

Residential For Sale

Residential For Sale

286 Trout Cove Road, Centreville Ns B0v 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.