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

19 Brick Lane, Halifax Ns B3p 0g4

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

25Picture(s)

2,405Sqft

Listing courtesy of RE/MAX Nova

C$724900

Residential For Sale

19 Brick Lane, Halifax Ns B3p 0g4

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,405Sqft

Listing courtesy of RE/MAX Nova

Welcome to 19 Brick Lane, a delightful home situated in the heart of Governor's Brook, one of Spryfield's most sought-after, family-friendly neighborhoods. This charming property combines comfort, convenience, and a true sense of community, making it the perfect choice for families.

C$724900

Residential For Sale

19 Brick Lane, Halifax Ns B3p 0g4

Listing courtesy of RE/MAX Nova

3Bedroom(s)

4Bathroom(s)

C$724900

Residential For Sale

A-8 Old Guysborough Road, Goffs Ns B2t 1b9

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1Picture(s)

2,080Sqft

Listing courtesy of Sutton Group Professional Realty

C$618400

Residential For Sale

A-8 Old Guysborough Road, Goffs Ns B2t 1b9

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,080Sqft

Listing courtesy of Sutton Group Professional Realty

Thicket plan by Marchand Homes close to all amenities in Elmsdale and Enfield with easy access to the 102 Hwy and Halifax/Dartmouth. This home has an open concept kitchen/dining room/living room and three bedrooms on the upper level. Also on the upper level is an ensuite bathroom off the primary bedroom.

C$618400

Residential For Sale

A-8 Old Guysborough Road, Goffs Ns B2t 1b9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$618400

Residential For Sale

116 Stellar Streets, Stellarton Ns B0k 1s0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

23Picture(s)

2,384Sqft

Listing courtesy of Turning Point Real Estate Limited

C$650000

Residential For Sale

116 Stellar Streets, Stellarton Ns B0k 1s0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,384Sqft

Listing courtesy of Turning Point Real Estate Limited

An incredible opportunity in so many ways! Newly built duplex that offers a great open layout, large master, 2 full baths, concrete patio on the back, concrete covered patio on the front. Concrete driveway and attached single garage. Electric hot water boiler that provides in floor heat as well as a ductless heat pump.

C$650000

Residential For Sale

116 Stellar Streets, Stellarton Ns B0k 1s0

Listing courtesy of Turning Point Real Estate Limited

4Bedroom(s)

4Bathroom(s)

C$650000

Residential For Sale

18-70 Pearlgarden Close, Dartmouth Ns B2x 0c2

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3Picture(s)

2,544Sqft

Listing courtesy of Royal LePage Atlantic

C$739900

Residential For Sale

18-70 Pearlgarden Close, Dartmouth Ns B2x 0c2

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,544Sqft

Listing courtesy of Royal LePage Atlantic

Discover this beautifully designed 4-bedroom, 2-storey home in the highly sought-after Parks of Lake Charles community, built with superior craftsmanship by Nexus Homes. With its modern design and spacious layout, this home is perfect for families and entertaining.

C$739900

Residential For Sale

18-70 Pearlgarden Close, Dartmouth Ns B2x 0c2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$739900

Residential For Sale

225 Paula Drive, Hammonds Plains Ns B3z 1j5

More Details

6Bedroom(s)

5Bathroom(s)

AttachedParking(s)

49Picture(s)

4,689Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$1999900

Residential For Sale

225 Paula Drive, Hammonds Plains Ns B3z 1j5

6Bedroom(s)

5Bathroom(s)

AttachedParking(s)

4,689Sqft

Listing courtesy of The Agency Real Estate Brokerage

Luxurious lakefront living on the serene shores of Coxs Lake. Built by Collins Homes & builder-owned, this stunning, 5-bedroom plus 1-bedroom guesthouse, features 4689 sqft boasting every imaginable upgrade & an unparalleled blend of elegance, privacy & investment potential. Situated on 3.

C$1999900

Residential For Sale

225 Paula Drive, Hammonds Plains Ns B3z 1j5

Listing courtesy of The Agency Real Estate Brokerage

6Bedroom(s)

5Bathroom(s)

C$1999900

Residential For Sale

54 Gosling Circle, Porters Lake Ns B3e 0c5

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

5Picture(s)

1,470Sqft

Listing courtesy of Keller Williams Select Realty

C$699000

Residential For Sale

54 Gosling Circle, Porters Lake Ns B3e 0c5

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,470Sqft

Listing courtesy of Keller Williams Select Realty

Are you looking to build your new home within the award winning community of SEVEN LAKES? Look no further! Enjoy the experience of working with Dockside Atlantic Group on personalizing this house to make it your home. This to-be-built 2 storey 3 bedroom/2.

C$699000

Residential For Sale

54 Gosling Circle, Porters Lake Ns B3e 0c5

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

3Bathroom(s)

C$699000

Residential For Sale

329 Chisholm Road Lot 1, Conns Mills Ns B0k 1l0

More Details

GravelParking(s)

23Picture(s)

140Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$159000

Residential For Sale

329 Chisholm Road Lot 1, Conns Mills Ns B0k 1l0

GravelParking(s)

140Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Stunning Riverfront Property - 3.8 Acres of Tranquility Introducing an exquisite property with breathtaking views alongside the Pugwash River! This expansive 3.8-acre lot features 282 feet of water frontage and 192 feet of road frontage, perfectly blending serenity and accessibility. Nestled within a partially landscaped wooded lot, this cozy residence offers a natural ambiance for relaxation.

C$159000

Residential For Sale

329 Chisholm Road Lot 1, Conns Mills Ns B0k 1l0

Listing courtesy of Keller Williams Select Realty (Truro)

C$159000

Residential For Sale

Lot 282 West Court, Elmsdale Ns B2s 1c1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

7Picture(s)

1,863Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$625000

Residential For Sale

Lot 282 West Court, Elmsdale Ns B2s 1c1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,863Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Another quality-built Gerald Mitchell Home. Welcome to the Holland Split Entry on West Court in Elmsdale. This modern take on the split entry is a product of years of building. The included features have been tried, tested and loved by many, making the Holland Split a combination of function, efficiency, and comfort.

C$625000

Residential For Sale

Lot 282 West Court, Elmsdale Ns B2s 1c1

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$625000

Residential For Sale

377 Pleasant Street, Yarmouth Ns B5a 4h5

More Details

3Bedroom(s)

3Bathroom(s)

CarportParking(s)

33Picture(s)

1,882Sqft

Listing courtesy of The Real Estate Store

C$384900

Residential For Sale

377 Pleasant Street, Yarmouth Ns B5a 4h5

3Bedroom(s)

3Bathroom(s)

CarportParking(s)

1,882Sqft

Listing courtesy of The Real Estate Store

Located just north of Burridge Community Campus in Yarmouth is 377 Pleasant Street Just a short walk to Meadowfields Community School and a great walking trail / sidewalk this 3 bedroom 2.5 bathroom home has living space on both levels. The upper level features 2 bedrooms and 1.5 bathrooms and open concept living. The lower level serves as an in law suite.

C$384900

Residential For Sale

377 Pleasant Street, Yarmouth Ns B5a 4h5

Listing courtesy of The Real Estate Store

3Bedroom(s)

3Bathroom(s)

C$384900

Residential For Sale

16816 Ns-316, Bickerton West Ns B0h 1j0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

12Picture(s)

696Sqft

Listing courtesy of PG Direct Realty Ltd.

C$180000

Residential For Sale

16816 Ns-316, Bickerton West Ns B0h 1j0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

696Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Escape to tranquility at this picturesque Country Harbour River property. Set on a 21,780 sqft lot, the cozy 696 sqft home blends modern comfort with countryside charm. Enjoy an open concept design, WETT-certified wood stove, and heat pump for year-round comfort.

C$180000

Residential For Sale

16816 Ns-316, Bickerton West Ns B0h 1j0

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$180000

Residential For Sale

296 Valley Road, Westchester Ns B0m 1m0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

22Picture(s)

625Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$289900

Residential For Sale

296 Valley Road, Westchester Ns B0m 1m0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

625Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

This cute 4 season property is a hop, skip and a jump to the ski hill - and being right on top of ATV/snowmobile trails means your outdoor adventure awaits you here! And if the weather isn't cooperating you have a fantastic place to stay put for the day. Featuring a beautiful 2.

C$289900

Residential For Sale

296 Valley Road, Westchester Ns B0m 1m0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

166 Hillside Drive, Boutiliers Point Ns B3z 1w8

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

29Picture(s)

724Sqft

Listing courtesy of Royal LePage Atlantic

C$1499000

Residential For Sale

166 Hillside Drive, Boutiliers Point Ns B3z 1w8

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

724Sqft

Listing courtesy of Royal LePage Atlantic

Build Your Dream Oasis or Develop to Your Heart’s Desire! Welcome to 166 Hillside Drive, Boutiliers Point, where 50 acres of MU-2 zoned land with breathtaking ocean views await. This rare find features a cozy 2-bed, 1-bath bungalow with open-concept living, a ductless heat pump, and a drilled well and septic — a perfect spot to live in while you bring your vision to life.

C$1499000

Residential For Sale

166 Hillside Drive, Boutiliers Point Ns B3z 1w8

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

1Bathroom(s)

C$1499000

4686 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

19 Brick Lane, Halifax Ns B3p 0g4

Residential For Sale

Residential For Sale

Residential For Sale

A-8 Old Guysborough Road, Goffs Ns B2t 1b9

Residential For Sale

Residential For Sale

Residential For Sale

116 Stellar Streets, Stellarton Ns B0k 1s0

Residential For Sale

Residential For Sale

Residential For Sale

18-70 Pearlgarden Close, Dartmouth Ns B2x 0c2

Residential For Sale

Residential For Sale

Residential For Sale

225 Paula Drive, Hammonds Plains Ns B3z 1j5

Residential For Sale

Residential For Sale

Residential For Sale

54 Gosling Circle, Porters Lake Ns B3e 0c5

Residential For Sale

Residential For Sale

Residential For Sale

329 Chisholm Road Lot 1, Conns Mills Ns B0k 1l0

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.