Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

264 Brighton Road, Lockeport Ns B0t 1l0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,841Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

C$574000

Residential For Sale

264 Brighton Road, Lockeport Ns B0t 1l0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,841Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

Seaside Serenity Awaits- Discover Your Dream Home. R-2000 Energy efficient home built to ensure comfort, savings, and a healthier life style. This 4 bedroom, 2 bath gem offers an array of features designed for modern living, including a 30x16 garage and a convenient 20x20 carport and double paved driveway.

C$574000

Residential For Sale

264 Brighton Road, Lockeport Ns B0t 1l0

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

4Bedroom(s)

2Bathroom(s)

C$574000

Residential For Sale

1268 Cloverville Road, Antigonish Ns B2g 2k9

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

12Picture(s)

1,750Sqft

Listing courtesy of PG Direct Realty Ltd.

C$385000

Residential For Sale

1268 Cloverville Road, Antigonish Ns B2g 2k9

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,750Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. This updated 3-bedroom, 1-bath home in Cloverville combines modern comfort with peaceful seclusion. The open-concept kitchen and living room are perfect for both daily living and entertaining.

C$385000

Residential For Sale

1268 Cloverville Road, Antigonish Ns B2g 2k9

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$385000

Residential For Sale

20 Necum Teuch Loop, Necum Teuch Ns B0j 2k0

More Details

NoneParking(s)

30Picture(s)

1,276Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$29900

Residential For Sale

20 Necum Teuch Loop, Necum Teuch Ns B0j 2k0

NoneParking(s)

1,276Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

An amazing opportunity to own a beautiful church and piece of local history on the Eastern Shore of Nova Scotia. When this church was first erected in 1893 it was only a shell and used to build lobster boats by William G. Smith, it was ready to be consecrated on October 20, 1895 under the name St. John's Church.

C$29900

Residential For Sale

20 Necum Teuch Loop, Necum Teuch Ns B0j 2k0

Listing courtesy of Century 21 Trident Realty Ltd.

C$29900

Residential For Sale

351 Narrows Road, Labelle Ns B4v 8x2

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

48Picture(s)

1,344Sqft

Listing courtesy of Royal LePage Anchor Realty

C$549900

Residential For Sale

351 Narrows Road, Labelle Ns B4v 8x2

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,344Sqft

Listing courtesy of Royal LePage Anchor Realty

Cottage country! Welcome to 351 Narrows Road Labelle. This stunning property has a bit of everything! Sitting on 27 acres of pristine land, a rare find! This home built in 1999 is a chalet style home in immaculate condition, offering a large white kitchen with breakfast bar, includes appliances.

C$549900

Residential For Sale

351 Narrows Road, Labelle Ns B4v 8x2

Listing courtesy of Royal LePage Anchor Realty

2Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

472 Main Street, Parrsboro Ns B0m 1s0

More Details

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

41Picture(s)

3,768Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$334900

Residential For Sale

472 Main Street, Parrsboro Ns B0m 1s0

5Bedroom(s)

2Bathroom(s)

AttachedParking(s)

3,768Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

Welcome to 472 Main Street, Parrsboro, Nova Scotia. Boasting with character this home has been lovingly cared for, and has original woodwork and charming features thoughout. Don't let the charm fool you, as the current owners made upgrades to make this home more efficient long term. This historic and iconic property has unlimited potential.

C$334900

Residential For Sale

472 Main Street, Parrsboro Ns B0m 1s0

Listing courtesy of RE/MAX County Line Realty Ltd.

5Bedroom(s)

2Bathroom(s)

C$334900

Residential For Sale

16 Rogers Avenue, Amherst Ns B4h 2j7

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

4,664Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$464900

Residential For Sale

16 Rogers Avenue, Amherst Ns B4h 2j7

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4,664Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

UNIQUE HOME strategically placed on a great lot in Amherst NS, complete with heated indoor/in-ground pool, single car garage and so much more! This custom-built home just underwent major renovation with a new top of the line heating system, new ceilings/insulation, brand new beautiful custom kitchen, all new flooring throughout and so much more! The main level showcases a good size updated front l

C$464900

Residential For Sale

16 Rogers Avenue, Amherst Ns B4h 2j7

Listing courtesy of RE/MAX County Line Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$464900

Residential For Sale

351 Narrows Road W, Labelle Ns B4v 8x2

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

48Picture(s)

1,344Sqft

Listing courtesy of Royal LePage Anchor Realty

C$549900

Residential For Sale

351 Narrows Road W, Labelle Ns B4v 8x2

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,344Sqft

Listing courtesy of Royal LePage Anchor Realty

C$549900

Residential For Sale

351 Narrows Road W, Labelle Ns B4v 8x2

Listing courtesy of Royal LePage Anchor Realty

2Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

868 Newtonville Road, Forest Hill Ns B4p 2r1

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

45Picture(s)

1,800Sqft

Listing courtesy of Domus Realty Limited

C$639000

Residential For Sale

868 Newtonville Road, Forest Hill Ns B4p 2r1

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,800Sqft

Listing courtesy of Domus Realty Limited

Sun filled contemporary new home in the beautiful Gaspereau Valley. Only 8 minutes to the town of Wolfville, 3 minutes to a coveted elementary school. Designed with remote workers in mind. In addition to the 3 bedrooms, 3 baths, there is a main floor home office. The open concept living space is great for entertaining and family fun.

C$639000

Residential For Sale

868 Newtonville Road, Forest Hill Ns B4p 2r1

Listing courtesy of Domus Realty Limited

3Bedroom(s)

3Bathroom(s)

C$639000

Residential For Sale

1012 Richmond Road, Ireton Ns B5a 5l5

More Details

DetachedParking(s)

24Picture(s)

6.30Acre

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

C$175000

Residential For Sale

1012 Richmond Road, Ireton Ns B5a 5l5

DetachedParking(s)

6.30Acre

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

Welcome to a remarkable property offering endless possibilities! Whether you're in need of a spacious workshop, warehouse, or a solidly built shell to customize into your dream home, this unique 6.3-acre property has it all.

C$175000

Residential For Sale

1012 Richmond Road, Ireton Ns B5a 5l5

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

C$175000

Residential For Sale

653 Coxheath Road, Coxheath Ns B1l 1b5

More Details

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

12Picture(s)

1,111Sqft

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

C$270000

Residential For Sale

653 Coxheath Road, Coxheath Ns B1l 1b5

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,111Sqft

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

Beautifully maintained 2 bedroom bungalow with the privacy of living in the country but just minutes from Sydney River amenities. Features include a large deck for those warm summer nights, a large living area, eat-in kitchen, 2 full baths on the main level, and a basement ready to be developed!! Book your appointment today.

C$270000

Residential For Sale

653 Coxheath Road, Coxheath Ns B1l 1b5

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

2Bedroom(s)

2Bathroom(s)

C$270000

Residential For Sale

99 Anchor Drive, Halifax Peninsula Ns B3n 3b9

More Details

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

50Picture(s)

2,498Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$1179999

Residential For Sale

99 Anchor Drive, Halifax Peninsula Ns B3n 3b9

3Bedroom(s)

3Bathroom(s)

AssignedParking(s)

2,498Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 99 Anchor Drive—your dream home where every day feels like a retreat. Nestled on a quiet street with breathtaking 360-degree views of the Halifax Arm, this home offers an unparalleled connection to nature and the city. Imagine waking up each morning in your master bedroom, stepping onto your private patio, and savoring your first cup of coffee as the sun rises over the water.

C$1179999

Residential For Sale

99 Anchor Drive, Halifax Peninsula Ns B3n 3b9

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

3Bathroom(s)

C$1179999

Residential For Sale

A-11 Old Guysborough Road, Goffs Ns B2t 1b9

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1Picture(s)

2,397Sqft

Listing courtesy of Sutton Group Professional Realty

C$658400

Residential For Sale

A-11 Old Guysborough Road, Goffs Ns B2t 1b9

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,397Sqft

Listing courtesy of Sutton Group Professional Realty

Stella plan by Marchand Homes with easy access to the Halifax International Airport as well as the 102 hwy for easy access to Halifax and Dartmouth. The open concept executive split entry has a double car garage, endsite off the primary bedroom with walk in closet, center island in the kitchen and vaulted ceiling in the open concept living room and dining room area.

C$658400

Residential For Sale

A-11 Old Guysborough Road, Goffs Ns B2t 1b9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$658400

4699 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

264 Brighton Road, Lockeport Ns B0t 1l0

Residential For Sale

Residential For Sale

Residential For Sale

1268 Cloverville Road, Antigonish Ns B2g 2k9

Residential For Sale

Residential For Sale

Residential For Sale

20 Necum Teuch Loop, Necum Teuch Ns B0j 2k0

Residential For Sale

Residential For Sale

Residential For Sale

351 Narrows Road, Labelle Ns B4v 8x2

Residential For Sale

Residential For Sale

Residential For Sale

472 Main Street, Parrsboro Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

16 Rogers Avenue, Amherst Ns B4h 2j7

Residential For Sale

Residential For Sale

Residential For Sale

351 Narrows Road W, Labelle Ns B4v 8x2

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.