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

3432/3434 Prospect Road, Whites Lake Ns B3t 1z3

More Details

6Bedroom(s)

4Bathroom(s)

DetachedParking(s)

50Picture(s)

4,419Sqft

Listing courtesy of Royal LePage Atlantic

C$1950000

Residential For Sale

3432/3434 Prospect Road, Whites Lake Ns B3t 1z3

6Bedroom(s)

4Bathroom(s)

DetachedParking(s)

4,419Sqft

Listing courtesy of Royal LePage Atlantic

RARE OPPORTUNITY - Discover an unparalleled coastal lifestyle with this 1.1-acre waterfront property featuring over 400ft of coastal frontage featuring not one but TWO new luxury homes in the serene community of Whites Lake on the Prospect Bay only 20 minutes to Bayers Lake and downtown Halifax. The main residence – 3432 Prospect Road is a modern architectural design offering 3,349 sq. ft.

C$1950000

Residential For Sale

3432/3434 Prospect Road, Whites Lake Ns B3t 1z3

Listing courtesy of Royal LePage Atlantic

6Bedroom(s)

4Bathroom(s)

C$1950000

Residential For Sale

34-256 Heritage Way, East Uniacke, NS B0N 1Z0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

34Picture(s)

3,219Sqft

Listing courtesy of Keller Williams Select Realty

C$1190000

Residential For Sale

34-256 Heritage Way, East Uniacke, NS B0N 1Z0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,219Sqft

Listing courtesy of Keller Williams Select Realty

This breathtaking lakefront property offers unparalleled luxury & comfort. Built in 2021, this home features ICF Construction with R60 insulation in the ceiling, ensuring exceptional energy efficiency. The residence is also designed for comfort with zoned, on-demand in-floor heating on both levels.

C$1190000

Residential For Sale

34-256 Heritage Way, East Uniacke, NS B0N 1Z0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

3Bathroom(s)

C$1190000

Residential For Sale

201-3-25 Treehouse Lane, Bridgewater Ns B4v 9h9

More Details

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

12Picture(s)

1,287Sqft

Listing courtesy of PG Direct Realty Ltd.

C$725000

Residential For Sale

201-3-25 Treehouse Lane, Bridgewater Ns B4v 9h9

3Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,287Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Treehouse Village is Atlantic Canada's first cohousing community, located in Bridgewater on the scenic South Shore. The 30 energy-efficient condos, built to Passive House standards, are available in 1-, 2- & 3-bedroom layouts.

C$725000

Residential For Sale

201-3-25 Treehouse Lane, Bridgewater Ns B4v 9h9

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$725000

Residential For Sale

69 Pearlgarden Close, Dartmouth Ns B2x 0c2

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

10Picture(s)

1,693Sqft

Listing courtesy of Royal LePage Atlantic

C$754900

Residential For Sale

69 Pearlgarden Close, Dartmouth Ns B2x 0c2

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,693Sqft

Listing courtesy of Royal LePage Atlantic

READY TO MOVE IN! Cresco proudly presents The Alderney on Pearlgarden Close, an elegant, detached home with walkout into The Parks of Lake Charles. This newly constructed 2-storey design boasts 2384 sqft total living area, 3-4 bedrooms, and 2.5 - 3.5 bathrooms. Note: this home is built with an unfinished basement.

C$754900

Residential For Sale

69 Pearlgarden Close, Dartmouth Ns B2x 0c2

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$754900

Residential For Sale

14 Chester Hills Drive, Chester Ns B0j 1j0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

16Picture(s)

1,308Sqft

Listing courtesy of Parachute Realty

C$449900

Residential For Sale

14 Chester Hills Drive, Chester Ns B0j 1j0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,308Sqft

Listing courtesy of Parachute Realty

Welcome to Chester Hills, a charming new retirement community in Chester, Nova Scotia. These beautifully designed single-level homes feature 2 bedrooms and 2 modern bathrooms. Inspired by Chester’s timeless charm, each home offers elegant architectural details and high-quality finishes.

C$449900

Residential For Sale

14 Chester Hills Drive, Chester Ns B0j 1j0

Listing courtesy of Parachute Realty

2Bedroom(s)

2Bathroom(s)

C$449900

Residential For Sale

1003-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

24Picture(s)

1,000Sqft

Listing courtesy of RE/MAX Nova

C$574900

Residential For Sale

1003-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,000Sqft

Listing courtesy of RE/MAX Nova

Stunning water views! Welcome to the Keelson, one of the most sought after condo buildings in Downtown Dartmouth for its location and amenities. This particular floor plan is especially desirable with views of both the Harbour and Dartmouth Cove, while being set back from the road with a private balcony. The unit is separated into two wings. The first is the primary bedroom with ensuite.

C$574900

Residential For Sale

1003-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$574900

Residential For Sale

997 Argyle Sound Road, Argyle Sound Ns B0w 2w0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

36Picture(s)

1,135Sqft

Listing courtesy of Modern Realty

C$249000

Residential For Sale

997 Argyle Sound Road, Argyle Sound Ns B0w 2w0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,135Sqft

Listing courtesy of Modern Realty

Nestled along the scenic 997 Argyle Sound Road, this warm and inviting 1,135 sq ft home offers a charming blend of comfort, character, and coastal living! The main level welcomes you with a bright entryway and a thoughtfully designed kitchen featuring a propane range—perfect for passionate cooks and bakers alike.

C$249000

Residential For Sale

997 Argyle Sound Road, Argyle Sound Ns B0w 2w0

Listing courtesy of Modern Realty

3Bedroom(s)

1Bathroom(s)

C$249000

Residential For Sale

357 Old Road Hill Road, Sherbrooke Ns B0j 3c0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

24Picture(s)

2,138Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$299000

Residential For Sale

357 Old Road Hill Road, Sherbrooke Ns B0j 3c0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,138Sqft

Listing courtesy of EXP Realty of Canada Inc.

Secluded split level, meticulously cared for home, minutes from all amenities in Sherbrooke! This energy efficient (ETS heating) 4 bedroom home sits on a private lot with a double detached garage. The attached deck also acts as a carport with metal roofing installed under the deck boards to protect your car year round.

C$299000

Residential For Sale

357 Old Road Hill Road, Sherbrooke Ns B0j 3c0

Listing courtesy of EXP Realty of Canada Inc.

4Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

553 Lahave Street, Bridgewater Ns B4v 2v1

More Details

3Bedroom(s)

3Bathroom(s)

No GarageParking(s)

39Picture(s)

1,935Sqft

Listing courtesy of Holm Realty Limited

C$434900

Residential For Sale

553 Lahave Street, Bridgewater Ns B4v 2v1

3Bedroom(s)

3Bathroom(s)

No GarageParking(s)

1,935Sqft

Listing courtesy of Holm Realty Limited

553 Lahave Street, Bridgewater, Nova Scotia – A rare gem blending historic charm, modern luxury, and prime waterfront living in the heart of downtown Bridgewater. This meticulously renovated 3-bedroom, 2.5-bathroom home offers unmatched convenience and comfort.

C$434900

Residential For Sale

553 Lahave Street, Bridgewater Ns B4v 2v1

Listing courtesy of Holm Realty Limited

3Bedroom(s)

3Bathroom(s)

C$434900

Residential For Sale

132 Lake Annis Road, Brazil Lake Ns B5a 5n4

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

50Picture(s)

1,408Sqft

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

C$209000

Residential For Sale

132 Lake Annis Road, Brazil Lake Ns B5a 5n4

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,408Sqft

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

4 bedroom, 1 bath home only 15 minutes to Yarmouth on a 1.16 acre quiet country setting lot. The property has a large barn (28'4x30'3). This spacious home has some neat features such as natural wood beams, a galley kitchen, built-ins cupboards, laundry room is conveniently located in the bathroom and 2 heat pumps. Make this family home your own. Has a water view across the road.

C$209000

Residential For Sale

132 Lake Annis Road, Brazil Lake Ns B5a 5n4

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

4Bedroom(s)

1Bathroom(s)

C$209000

Residential For Sale

68 Front Street, Pictou Ns B0k 1h0

More Details

5Bedroom(s)

6Bathroom(s)

SingleParking(s)

19Picture(s)

4,268Sqft

Listing courtesy of PG Direct Realty Ltd.

C$729000

Residential For Sale

68 Front Street, Pictou Ns B0k 1h0

5Bedroom(s)

6Bathroom(s)

SingleParking(s)

4,268Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Open to reasonable offers with flexible closing! Seabank House is a stunning mid-Victorian home offering a unique blend of historic charm and modern comfort. Built in 1854, this 5-star Bed and Breakfast is turnkey ready, perfect for continuing its tradition of warm hospitality.

C$729000

Residential For Sale

68 Front Street, Pictou Ns B0k 1h0

Listing courtesy of PG Direct Realty Ltd.

5Bedroom(s)

6Bathroom(s)

C$729000

Residential For Sale

5121 Clam Harbour Road, Lake Charlotte Ns B0j 3h0

More Details

5Bedroom(s)

3Bathroom(s)

SingleParking(s)

49Picture(s)

2,859Sqft

Listing courtesy of Red Door Realty

C$1250000

Residential For Sale

5121 Clam Harbour Road, Lake Charlotte Ns B0j 3h0

5Bedroom(s)

3Bathroom(s)

SingleParking(s)

2,859Sqft

Listing courtesy of Red Door Realty

A delightful 3.62-acre lakefront property surrounds this beautifully built and well-designed, ICF construction waterfront home. The large main area is perfect for entertaining, conveniently laid out with a Living room to one side and a Dining area both with beautiful lake views, and a wonderful kitchen with double ovens and spacious counters for baking, meal prep, and parties.

C$1250000

Residential For Sale

5121 Clam Harbour Road, Lake Charlotte Ns B0j 3h0

Listing courtesy of Red Door Realty

5Bedroom(s)

3Bathroom(s)

C$1250000

4681 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

3432/3434 Prospect Road, Whites Lake Ns B3t 1z3

Residential For Sale

Residential For Sale

Residential For Sale

34-256 Heritage Way, East Uniacke, NS B0N 1Z0

Residential For Sale

Residential For Sale

Residential For Sale

201-3-25 Treehouse Lane, Bridgewater Ns B4v 9h9

Residential For Sale

Residential For Sale

Residential For Sale

69 Pearlgarden Close, Dartmouth Ns B2x 0c2

Residential For Sale

Residential For Sale

Residential For Sale

14 Chester Hills Drive, Chester Ns B0j 1j0

Residential For Sale

Residential For Sale

Residential For Sale

1003-31 Kings Wharf Place, Dartmouth Ns B2y 0c1

Residential For Sale

Residential For Sale

Residential For Sale

997 Argyle Sound Road, Argyle Sound Ns B0w 2w0

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.