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

132 Tyler Avenue, Onslow Mountain Ns B6l 6a9

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1Picture(s)

1,031Sqft

Listing courtesy of Hants Realty Ltd.

C$399900

Residential For Sale

132 Tyler Avenue, Onslow Mountain Ns B6l 6a9

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,031Sqft

Listing courtesy of Hants Realty Ltd.

Looking for a new home that has 2 bedrooms on a heated in-floor slab in Colchester with attached garage? Look no further than this new home located on Tyler Ave, Onslow Mountain. This .77 acre property will be impressive. This new construction on slab will be mobility friendly with 36" door openings and lowered controls throughout.

C$399900

Residential For Sale

132 Tyler Avenue, Onslow Mountain Ns B6l 6a9

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

88 Elderberry Drive, Malagash Point Ns B0k 1e0

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,174Sqft

Listing courtesy of Keller Williams Select Realty

C$799000

Residential For Sale

88 Elderberry Drive, Malagash Point Ns B0k 1e0

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,174Sqft

Listing courtesy of Keller Williams Select Realty

Your oceanfront dream home awaits you! Welcome to 88 Elderberry, a stunning oceanfront property located within the highly sought-after community of Blue Sea Landing, in Malagash. This breathtaking property is nestled on a sprawling 2.7-acre lot, with an impressive 280 ft of pristine ocean frontage on the warmest shores of NS.

C$799000

Residential For Sale

88 Elderberry Drive, Malagash Point Ns B0k 1e0

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

3Bathroom(s)

C$799000

Residential For Sale

16 Brentwood Estates, Amherst Ns B4h 4g6

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

30Picture(s)

960Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$85900

Residential For Sale

16 Brentwood Estates, Amherst Ns B4h 4g6

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

960Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Affordable & Updated Three-Bedroom Mini-Home – Ideal for First-Time Buyers or Downsizers! Located on the edge of Amherst, this well-maintained three-bedroom mini-home is a perfect fit for anyone entering the housing market or looking to downsize. A convenient side porch adds great functionality, doubling as a mudroom with extra storage space.

C$85900

Residential For Sale

16 Brentwood Estates, Amherst Ns B4h 4g6

Listing courtesy of Royal LePage Cumberland Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$85900

Residential For Sale

6188 Windsor Terrace, Halifax Ns B3k 1s4

More Details

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

36Picture(s)

3,111Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$994900

Residential For Sale

6188 Windsor Terrace, Halifax Ns B3k 1s4

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

3,111Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 6188 Windsor Terrace — a beautifully maintained, spacious home offering the very best of city living. Ideally located, you're only steps away to a multitude of local shops, restaurants, parks and transit routes. Spanning over 3,100sqft, this 4-bedroom, 3.5-bathroom home offers thoughtful design across three levels.

C$994900

Residential For Sale

6188 Windsor Terrace, Halifax Ns B3k 1s4

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$994900

Residential For Sale

65 Francie Drive, Williamswood Ns B3v 1c1

More Details

5Bedroom(s)

5Bathroom(s)

AttachedParking(s)

50Picture(s)

4,160Sqft

Listing courtesy of Exit Realty Metro

C$995000

Residential For Sale

65 Francie Drive, Williamswood Ns B3v 1c1

5Bedroom(s)

5Bathroom(s)

AttachedParking(s)

4,160Sqft

Listing courtesy of Exit Realty Metro

Welcome to 65 Francie Drive—a one-of-a-kind estate blending luxury, comfort, and character on a beautifully landscaped lot. From the moment you arrive, the circular concrete driveway with fountain centerpiece and charming cedar shake exterior set the tone for something special.

C$995000

Residential For Sale

65 Francie Drive, Williamswood Ns B3v 1c1

Listing courtesy of Exit Realty Metro

5Bedroom(s)

5Bathroom(s)

C$995000

Residential For Sale

65 Bowers Road, Lower Ohio Ns B0t 1w0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

44Picture(s)

2,528Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$374900

Residential For Sale

65 Bowers Road, Lower Ohio Ns B0t 1w0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,528Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

Nestled in a serene, private setting just minutes from the coastal town of Shelburne, this beautifully updated 4-bedroom, 2.5-bathroom home offers the perfect blend of comfort, style, and modern upgrades. The original split-entry design, built 40 years ago, has been thoughtfully expanded with a spacious side-split addition that enhances the home’s functionality and aesthetic.

C$374900

Residential For Sale

65 Bowers Road, Lower Ohio Ns B0t 1w0

Listing courtesy of Keller Williams Select Realty (Shelburne)

4Bedroom(s)

3Bathroom(s)

C$374900

Residential For Sale

1040 Corkum And Burns Road, Black River Ns B4p 2r2

More Details

2Bedroom(s)

No GarageParking(s)

30Picture(s)

510Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$89000

Residential For Sale

1040 Corkum And Burns Road, Black River Ns B4p 2r2

2Bedroom(s)

No GarageParking(s)

510Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Off-Grid Paradise on Over 8.6 Acres – Ideal for Rugged Individuals and Nature Enthusiasts Discover the perfect blend of rugged charm and off-grid living with this unique 8.6-acre property, offering a cozy yet functional camp. This place is ideal for those seeking seclusion and independence.

C$89000

Residential For Sale

1040 Corkum And Burns Road, Black River Ns B4p 2r2

Listing courtesy of Royal LePage Atlantic (New Minas)

2Bedroom(s)

C$89000

Residential For Sale

307-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

4Picture(s)

720Sqft

Listing courtesy of Atlantis Realty Ltd.

C$425000

Residential For Sale

307-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

720Sqft

Listing courtesy of Atlantis Realty Ltd.

Life at King's Wharf means water views, a live-in manager, a pet enthusiastic community, ocean-side dining, living just blocks from the library, farmer's market, ferry services, and boutique shops.

C$425000

Residential For Sale

307-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

Listing courtesy of Atlantis Realty Ltd.

1Bedroom(s)

1Bathroom(s)

C$425000

Residential For Sale

70 Hennigar Lane, Bayswater Ns B0j 1t0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

49Picture(s)

1,887Sqft

Listing courtesy of Engel & Volkers (Chester)

C$399000

Residential For Sale

70 Hennigar Lane, Bayswater Ns B0j 1t0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,887Sqft

Listing courtesy of Engel & Volkers (Chester)

A fresh sea breeze and the sounds of crashing waves from the nearby Bayswater Beach set the tone for your dream property–Enjoy sights & sounds of the ocean all day long at this year-round home and summer getaway backing onto the forest and complemented by a large yard. There is room for everyone to relax both inside and out.

C$399000

Residential For Sale

70 Hennigar Lane, Bayswater Ns B0j 1t0

Listing courtesy of Engel & Volkers (Chester)

3Bedroom(s)

1Bathroom(s)

C$399000

Residential For Sale

139 Terrastone Ridge, Dartmouth Ns B2x 2e8

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

9Picture(s)

2,200Sqft

Listing courtesy of Royal LePage Atlantic

C$639900

Residential For Sale

139 Terrastone Ridge, Dartmouth Ns B2x 2e8

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,200Sqft

Listing courtesy of Royal LePage Atlantic

Cresco proudly introduces The Fairbanks, 139 Terrastone Ridge is a chic 3-bedroom end unit townhome with walkout nestled in HRM’s hottest new subdivision, The Parks of Lake Charles. This stylish 3-level townhome boasts a garage with finished basement. Step inside to find three cozy bedrooms, three full bathrooms, and a handy powder room on the main floor.

C$639900

Residential For Sale

139 Terrastone Ridge, Dartmouth Ns B2x 2e8

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$639900

Residential For Sale

414 Covey Drive, North Kentville Ns B0p 1l0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

5Picture(s)

1,386Sqft

Listing courtesy of Engel & Volkers (Wolfville)

C$585000

Residential For Sale

414 Covey Drive, North Kentville Ns B0p 1l0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,386Sqft

Listing courtesy of Engel & Volkers (Wolfville)

UNDER CONSTRUCTION: The “Spartan“, one of the most desirable apples in the Garden Home collection. This stunning 2-bed, 2-full-bath home is under construction. With the perfect blend of comfort and design, you won’t feel like you’re downsizing.

C$585000

Residential For Sale

414 Covey Drive, North Kentville Ns B0p 1l0

Listing courtesy of Engel & Volkers (Wolfville)

2Bedroom(s)

2Bathroom(s)

C$585000

Residential For Sale

137 Terrastone Ridge, Dartmouth Ns B2x 2e8

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

9Picture(s)

2,200Sqft

Listing courtesy of Royal LePage Atlantic

C$629900

Residential For Sale

137 Terrastone Ridge, Dartmouth Ns B2x 2e8

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,200Sqft

Listing courtesy of Royal LePage Atlantic

Cresco proudly introduces The Fairbanks - 137 Terrastone Ridge is a chic 3-bedroom middle unit townhome with walkout nestled in HRM’s hottest new subdivision, The Parks of Lake Charles. This stylish 3-level townhome boasts a garage with finished basement and a walkout. Step inside to find three cozy bedrooms, three full bathrooms, and a handy powder room on the main floor.

C$629900

Residential For Sale

137 Terrastone Ridge, Dartmouth Ns B2x 2e8

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$629900

4800 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

132 Tyler Avenue, Onslow Mountain Ns B6l 6a9

Residential For Sale

Residential For Sale

Residential For Sale

88 Elderberry Drive, Malagash Point Ns B0k 1e0

Residential For Sale

Residential For Sale

Residential For Sale

16 Brentwood Estates, Amherst Ns B4h 4g6

Residential For Sale

Residential For Sale

Residential For Sale

6188 Windsor Terrace, Halifax Ns B3k 1s4

Residential For Sale

Residential For Sale

Residential For Sale

65 Francie Drive, Williamswood Ns B3v 1c1

Residential For Sale

Residential For Sale

Residential For Sale

65 Bowers Road, Lower Ohio Ns B0t 1w0

Residential For Sale

Residential For Sale

Residential For Sale

1040 Corkum And Burns Road, Black River Ns B4p 2r2

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.