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

5674 Charles Street, Halifax Ns B3k 1k4

More Details

3Bedroom(s)

4Bathroom(s)

GravelParking(s)

23Picture(s)

1,416Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$899900

Residential For Sale

5674 Charles Street, Halifax Ns B3k 1k4

3Bedroom(s)

4Bathroom(s)

GravelParking(s)

1,416Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Seize the opportunity to own a versatile income-generating property in one of the city’s most sought-after locations. This residence not only provides immediate rental income but also offers remarkable long-term potential, thanks to its highly coveted HR-1 Zoning (Higher-Order Residential).

C$899900

Residential For Sale

5674 Charles Street, Halifax Ns B3k 1k4

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

4Bathroom(s)

C$899900

Residential For Sale

11 Kirkwood Court, Bedford Ns B4a 0a9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

35Picture(s)

2,400Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$664900

Residential For Sale

11 Kirkwood Court, Bedford Ns B4a 0a9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,400Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to this spacious and stylish townhouse condo in the heart of Bedford — offering the perfect combination of low-maintenance living and modern comfort.

C$664900

Residential For Sale

11 Kirkwood Court, Bedford Ns B4a 0a9

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

3Bathroom(s)

C$664900

Residential For Sale

2217 Old Mill Road, South Farmington Ns B0p 1w0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

29Picture(s)

2,030Sqft

Listing courtesy of Parachute Realty

C$569000

Residential For Sale

2217 Old Mill Road, South Farmington Ns B0p 1w0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

2,030Sqft

Listing courtesy of Parachute Realty

Welcome to 2217 Old Mill Road! This picturesque 28-acre property features a mix of forest, hay fields, greenhouse, barns, sheds, and a small garage. The character-filled farmhouse offers a cozy and rustic feel with exposed beams, a wood stove, spacious pantry, and open-concept living/dining area. The second level features a bedroom/rec area plus loads of extra storage.

C$569000

Residential For Sale

2217 Old Mill Road, South Farmington Ns B0p 1w0

Listing courtesy of Parachute Realty

2Bedroom(s)

1Bathroom(s)

C$569000

Residential For Sale

8208 Highway 209, Wards Brook Ns B0m 1s0

More Details

1Bedroom(s)

DetachedParking(s)

19Picture(s)

393Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$199999

Residential For Sale

8208 Highway 209, Wards Brook Ns B0m 1s0

1Bedroom(s)

DetachedParking(s)

393Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

Looking for a place to sit back and relax? Venture down the tree lined road to this sweet little cottage sitting atop the bank in Wards Brook. From the front deck you can watch the rise & fall of the World's Highest Tides in the Bay of Fundy. Sunrises & sunsets will be enjoyed in the peaceful surroundings.

C$199999

Residential For Sale

8208 Highway 209, Wards Brook Ns B0m 1s0

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

1Bedroom(s)

C$199999

Residential For Sale

17 Queen Street, Middleton Ns B0s 1p0

More Details

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

31Picture(s)

2,838Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$325000

Residential For Sale

17 Queen Street, Middleton Ns B0s 1p0

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,838Sqft

Listing courtesy of RE/MAX Banner Real Estate

Step into timeless elegance with this one-of-a-kind century home, nestled in the heart of Middleton. Designed in the early 1900s by renowned local architect Leslie R. Fairn, this stately residence is rich in architectural character throughout.

C$325000

Residential For Sale

17 Queen Street, Middleton Ns B0s 1p0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

3Bathroom(s)

C$325000

Residential For Sale

1 Shannon Drive, Westphal Ns B2z 1j4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

45Picture(s)

1,901Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$549000

Residential For Sale

1 Shannon Drive, Westphal Ns B2z 1j4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,901Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Located just a stones throw from the amenities of Dartmouth this charming side split is ready for a new family. Boasting 3 bedrooms and 2 full baths on 4 levels 2000 square feet has never felt so large. The main floor features hardwood cabinetry, eat in kitchen large dining area and living room with fire place.

C$549000

Residential For Sale

1 Shannon Drive, Westphal Ns B2z 1j4

Listing courtesy of Century 21 Trident Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$549000

Residential For Sale

112 Forestside Crescent, Halifax Ns B3m 1m4

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

50Picture(s)

1,803Sqft

Listing courtesy of Sutton Group Professional Realty

C$379900

Residential For Sale

112 Forestside Crescent, Halifax Ns B3m 1m4

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,803Sqft

Listing courtesy of Sutton Group Professional Realty

112 Forestside Crescent is a fantastic three-level, three bedroom and 1.5 bath townhouse in the heart of Old Clayton Park. Nestled in a mature, tree-lined neighbourhood on a quiet loop, this home offers both comfort and convenience. Just minutes from the Canada Games Centre, Bayers Lake shopping, public transit, great school and a short 20-minute drive to downtown Halifax.

C$379900

Residential For Sale

112 Forestside Crescent, Halifax Ns B3m 1m4

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$379900

Residential For Sale

20 North Street, Lockeport Ns B0t 1l0

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

2,653Sqft

Listing courtesy of Keller Williams Select Realty

C$294000

Residential For Sale

20 North Street, Lockeport Ns B0t 1l0

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,653Sqft

Listing courtesy of Keller Williams Select Realty

Motivated Sellers – Relocating for Work! This is your chance to secure a great deal! Quick possession available. Stunning five-bedroom, two-bath home located in Oceanside community of Lockeport. Built in 1846, this architecturally magnificent residence is one of the original Locke Homes rich in history, character, and quality craftsmanship.

C$294000

Residential For Sale

20 North Street, Lockeport Ns B0t 1l0

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

2Bathroom(s)

C$294000

Residential For Sale

2091 Granville Road, Port Wade Ns B0s 1a0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

1,130Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$275000

Residential For Sale

2091 Granville Road, Port Wade Ns B0s 1a0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,130Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Charming 3-Bdrm Home with Basin Views – Discover your peaceful retreat in Port Wade! This 3-bed/2-bath home is set on a half-acre lot with stunning views of the Annapolis Basin. The upper level features an open-concept kitchen, dining, and living area with a deck to enjoy the scenery, along with a bathroom and two bedrooms.

C$275000

Residential For Sale

2091 Granville Road, Port Wade Ns B0s 1a0

Listing courtesy of Royal LePage Atlantic (Greenwood)

3Bedroom(s)

2Bathroom(s)

C$275000

Residential For Sale

2722 Sandy Point Road, Lower Sandy Point Ns B0t 1w0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

29Picture(s)

1,152Sqft

Listing courtesy of Sutton Group Professional Realty(Shelburne)

C$285000

Residential For Sale

2722 Sandy Point Road, Lower Sandy Point Ns B0t 1w0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,152Sqft

Listing courtesy of Sutton Group Professional Realty(Shelburne)

Watch the sunset across the harbor every night from your living room or porch. This 3 bedroom, 2 bathroom features plenty of living space, a large kitchen with separate dining nook, large bedrooms, and a wonderful propane woodstove to keep you comfortable on even the coldest days and nights. A new 24' x 30' insulated garage makes a great workshop (and still has room for a vehicle).

C$285000

Residential For Sale

2722 Sandy Point Road, Lower Sandy Point Ns B0t 1w0

Listing courtesy of Sutton Group Professional Realty(Shelburne)

3Bedroom(s)

2Bathroom(s)

C$285000

Residential For Sale

116 Princes Inlet Drive, Martins Brook Ns B0j 2c0

More Details

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

41Picture(s)

7,290Sqft

Listing courtesy of Engel & Volkers

C$2950000

Residential For Sale

116 Princes Inlet Drive, Martins Brook Ns B0j 2c0

5Bedroom(s)

5Bathroom(s)

DoubleParking(s)

7,290Sqft

Listing courtesy of Engel & Volkers

Very private but not isolated. Perfectly positioned on a knoll to take advantage of the sensational views over the waters of Princes Inlet. This sprawling 7.39-acre estate offers park-like surroundings complete with a pond with fountain and a foot bridge while the expansive 7,290 sq ft home exudes style and sophistication. A Nova Scotia classic.

C$2950000

Residential For Sale

116 Princes Inlet Drive, Martins Brook Ns B0j 2c0

Listing courtesy of Engel & Volkers

5Bedroom(s)

5Bathroom(s)

C$2950000

Residential For Sale

212 Brook Road, Port Greville Ns B0m 1t0

More Details

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,820Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$279000

Residential For Sale

212 Brook Road, Port Greville Ns B0m 1t0

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,820Sqft

Listing courtesy of Coldwell Banker Performance Realty

Welcome to 212 Brook Road - a beautiful and spacious south-facing house by the sea in the sweet, serene rural village of Port Greville. Gaze out at the world’s highest tides from windows on all sides, or sit and watch the gorgeous sunset from a partially-covered deck bathed in sun all day in this tranquil, creative and friendly community.

C$279000

Residential For Sale

212 Brook Road, Port Greville Ns B0m 1t0

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$279000

4804 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

5674 Charles Street, Halifax Ns B3k 1k4

Residential For Sale

Residential For Sale

Residential For Sale

11 Kirkwood Court, Bedford Ns B4a 0a9

Residential For Sale

Residential For Sale

Residential For Sale

2217 Old Mill Road, South Farmington Ns B0p 1w0

Residential For Sale

Residential For Sale

Residential For Sale

8208 Highway 209, Wards Brook Ns B0m 1s0

Residential For Sale

Residential For Sale

Residential For Sale

17 Queen Street, Middleton Ns B0s 1p0

Residential For Sale

Residential For Sale

Residential For Sale

1 Shannon Drive, Westphal Ns B2z 1j4

Residential For Sale

Residential For Sale

Residential For Sale

112 Forestside Crescent, Halifax Ns B3m 1m4

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.