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

10 Ceilidh Lane, Brule Ns B0k 1n0

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

44Picture(s)

1,681Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$500000

Residential For Sale

10 Ceilidh Lane, Brule Ns B0k 1n0

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,681Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

A rare find! Nestled on the serene shores of Brule, with direct waterfront on the beautiful Northumberland Strait this oceanfront cottage is the epitome of coastal cottage living. The open-concept design seamlessly blends the kitchen, living, and dining areas, creating an inviting space perfect for family gatherings and entertaining.

C$500000

Residential For Sale

10 Ceilidh Lane, Brule Ns B0k 1n0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

4Bedroom(s)

2Bathroom(s)

C$500000

Residential For Sale

34 Horne Settlement Rd, Enfield Ns B2t 1a7

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

2,199Sqft

Listing courtesy of RE/MAX Nova

C$929900

Residential For Sale

34 Horne Settlement Rd, Enfield Ns B2t 1a7

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,199Sqft

Listing courtesy of RE/MAX Nova

Welcome home to this stunning estate consisting of a over 9 acres of beautiful property, a 30x40 4 stall barn (wired & water), detached garage with separate office with a bathroom, fenced in pasture and a gorgeous 4 bedroom, 2 bathroom, 2 storey home.

C$929900

Residential For Sale

34 Horne Settlement Rd, Enfield Ns B2t 1a7

Listing courtesy of RE/MAX Nova

4Bedroom(s)

2Bathroom(s)

C$929900

Residential For Sale

1206 Highway 362, Victoria Vale Ns B0s 1p0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

48Picture(s)

2,284Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$539900

Residential For Sale

1206 Highway 362, Victoria Vale Ns B0s 1p0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

2,284Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Custom built executive 3 bedroom bungalow situated on a 1.9 acre lot only minutes to 14 Wing Greenwood. The ideal retirement or family home with an additional family room with loft offering the space for 2 more bedrooms or a home based business. In floor heat and 2 energy efficient heat pumps.

C$539900

Residential For Sale

1206 Highway 362, Victoria Vale Ns B0s 1p0

Listing courtesy of Royal LePage Atlantic (Greenwood)

3Bedroom(s)

1Bathroom(s)

C$539900

Residential For Sale

201 Flat Iron Road, Conway Ns B0v 1a0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

37Picture(s)

945Sqft

Listing courtesy of Exit Realty Town & Country

C$269900

Residential For Sale

201 Flat Iron Road, Conway Ns B0v 1a0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

945Sqft

Listing courtesy of Exit Realty Town & Country

Nestled just outside the charming town of Digby, this delightful 2-bedroom, 1-bath home sits on a generous 2.05+/- acre lot, offering fantastic green space for children and pets to play. Whether you're looking to cultivate your own garden or simply enjoy nature, this property provides with possibilities.

C$269900

Residential For Sale

201 Flat Iron Road, Conway Ns B0v 1a0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$269900

Residential For Sale

108 Sluice Drive, Carleton Ns B5a 5p8

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

31Picture(s)

952Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

C$328000

Residential For Sale

108 Sluice Drive, Carleton Ns B5a 5p8

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

952Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

Nestled directly on the serene shores of Mink Lake, this charming 1.5-level cottage offers a perfect blend of comfort and nature, with breathtaking lake views and stunning sunsets right from your doorstep. Set on a private, one-acre lot, the property features a large double deck and a floating dock, ideal for boat enthusiasts or anyone looking to enjoy the peaceful waters.

C$328000

Residential For Sale

108 Sluice Drive, Carleton Ns B5a 5p8

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

3Bedroom(s)

1Bathroom(s)

C$328000

Residential For Sale

132 Highway 1, Dayton, NS B5A 5A1

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

30Picture(s)

1,812Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

C$374900

Residential For Sale

132 Highway 1, Dayton, NS B5A 5A1

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,812Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

Nestled across Lake Milo, just on the outskirts of Yarmouth, this beautifully maintained split-level home offers both comfort and convenience. As you enter the home, you'll immediately appreciate the inviting and warm ambiance created by the gleaming hardwood floors in parts of the main living space.

C$374900

Residential For Sale

132 Highway 1, Dayton, NS B5A 5A1

Listing courtesy of EXIT Realty Inter Lake Liverpool

4Bedroom(s)

2Bathroom(s)

C$374900

Residential For Sale

1453 Yankee Line Road, Middle River Ns B0e 1b0

More Details

2Bedroom(s)

3Bathroom(s)

OtherParking(s)

50Picture(s)

1,598Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$485000

Residential For Sale

1453 Yankee Line Road, Middle River Ns B0e 1b0

2Bedroom(s)

3Bathroom(s)

OtherParking(s)

1,598Sqft

Listing courtesy of RE/MAX Park Place Inc.

Acreage. Riverfront. Maintained and Move-In-Ready. You have found your Cape Breton Dream with this 195 acre riverfront property. Nestled just off the scenic Cabot Trail, this private property offers beauty and outdoor adventure. With trails meandering throughout the upper and lower portion of property winding through forest and cultivated willow fields.

C$485000

Residential For Sale

1453 Yankee Line Road, Middle River Ns B0e 1b0

Listing courtesy of RE/MAX Park Place Inc.

2Bedroom(s)

3Bathroom(s)

C$485000

Residential For Sale

144 Broad Cove Banks Road, Inverness Ns B0e 1n0

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

39Picture(s)

2,100Sqft

Listing courtesy of Engel & Volkers

C$959000

Residential For Sale

144 Broad Cove Banks Road, Inverness Ns B0e 1n0

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,100Sqft

Listing courtesy of Engel & Volkers

An extraordinary home situated on a well positioned parcel of land, boasting unmatched panoramic ocean and coastline views along the quaint community of Inverness. To be present in the home and catch a setting sun is an experience like no other. The thoughtful design captures as much natural light as possible, letting in a sea of colour with an ocean facing window wrapped home.

C$959000

Residential For Sale

144 Broad Cove Banks Road, Inverness Ns B0e 1n0

Listing courtesy of Engel & Volkers

4Bedroom(s)

2Bathroom(s)

C$959000

Residential For Sale

14 Murry Road, Martins Point Ns B0j 2e0

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

28Picture(s)

2,068Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$1275000

Residential For Sale

14 Murry Road, Martins Point Ns B0j 2e0

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

2,068Sqft

Listing courtesy of The Agency Real Estate Brokerage

Exceptional Opportunity in Martins Point – Two Oceanfront Properties with Limitless Potential. Perfectly positioned on Nova Scotia’s stunning South Shore, Martins Point offers a prime coastal location.

C$1275000

Residential For Sale

14 Murry Road, Martins Point Ns B0j 2e0

Listing courtesy of The Agency Real Estate Brokerage

3Bedroom(s)

1Bathroom(s)

C$1275000

Residential For Sale

645 Leonard Road, Paradise Ns B0s 1r0

More Details

5Bedroom(s)

1Bathroom(s)

DetachedParking(s)

34Picture(s)

2,750Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$219900

Residential For Sale

645 Leonard Road, Paradise Ns B0s 1r0

5Bedroom(s)

1Bathroom(s)

DetachedParking(s)

2,750Sqft

Listing courtesy of RE/MAX Banner Real Estate

Historic Century 5 bedroom home situated on 1.14 acres provides ample space for outdoor activities and gardening. The home is ready for its next chapter. You have the opportunity to create your living space with original woodwork throughout.

C$219900

Residential For Sale

645 Leonard Road, Paradise Ns B0s 1r0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

1Bathroom(s)

C$219900

Residential For Sale

10928 Highway 1, Paradise Ns B0s 1m0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

2,342Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$639900

Residential For Sale

10928 Highway 1, Paradise Ns B0s 1m0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,342Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome Home! This stunning 5.3 acre hobby farm, where pride of ownership shines in every detail! Step inside to all one level living with an open concept design , perfect for both relaxing and entertaining.

C$639900

Residential For Sale

10928 Highway 1, Paradise Ns B0s 1m0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

2Bathroom(s)

C$639900

Residential For Sale

5 Swivel Court, Herring Cove, NS B3R 0E3

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

49Picture(s)

2,387Sqft

Listing courtesy of Sutton Group Professional Realty

C$669000

Residential For Sale

5 Swivel Court, Herring Cove, NS B3R 0E3

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,387Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 5 Swivel Court. This executive semi has a lot to offer for a family a couple someone looking to live with minimal maintenance in a neighbourhood of high end homes. Built in garage two patios and a nice deck. The master bedroom has a bathroom designed to get your attention. Three bedrooms and laundry on upper level makes this lifestyle convenient.

C$669000

Residential For Sale

5 Swivel Court, Herring Cove, NS B3R 0E3

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

4Bathroom(s)

C$669000

4697 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

10 Ceilidh Lane, Brule Ns B0k 1n0

Residential For Sale

Residential For Sale

Residential For Sale

34 Horne Settlement Rd, Enfield Ns B2t 1a7

Residential For Sale

Residential For Sale

Residential For Sale

1206 Highway 362, Victoria Vale Ns B0s 1p0

Residential For Sale

Residential For Sale

Residential For Sale

201 Flat Iron Road, Conway Ns B0v 1a0

Residential For Sale

Residential For Sale

Residential For Sale

108 Sluice Drive, Carleton Ns B5a 5p8

Residential For Sale

Residential For Sale

Residential For Sale

132 Highway 1, Dayton, NS B5A 5A1

Residential For Sale

Residential For Sale

Residential For Sale

1453 Yankee Line Road, Middle River Ns B0e 1b0

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.