Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

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

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

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

– save for a down payment

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

How to Stop Paying Rent and Own Your Own Home

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

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

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

– save for a down payment

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

9 Buyer Traps & How to Avoid Them

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

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

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

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

The 9 Buyer Traps

Bidding Blind

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

Buying the Wrong Home.

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

Unclear Title.

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

Inaccurate Survey.

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

Undisclosed Fix-ups.

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

Not Getting Mortgage Preapproval.

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

Contract Misses.

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

Hidden Costs.

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

Rushing the Closing.

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

One More Tip…

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

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

Bondi Drive Lot 5061, Middle Sackville Ns B0n 1z0

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

5Picture(s)

4,554Sqft

Listing courtesy of Keller Williams Select Realty

C$1389900

Residential For Sale

Bondi Drive Lot 5061, Middle Sackville Ns B0n 1z0

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,554Sqft

Listing courtesy of Keller Williams Select Realty

Stonewater Homes presents "The Ronin" with its beautiful styling on a large waterfront lot in Indigo Shores. You will beimpressed by the high-end custom finishes and abundance of space this home has to offer. The welcoming foyer is open to aquiet and convenient home office space with sliding barn doors.

C$1389900

Residential For Sale

Bondi Drive Lot 5061, Middle Sackville Ns B0n 1z0

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

4Bathroom(s)

C$1389900

Residential For Sale

Lot 5071 Bondi Drive, Middle Sackville Ns B0n 1z0

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

1Picture(s)

2,796Sqft

Listing courtesy of Keller Williams Select Realty

C$899900

Residential For Sale

Lot 5071 Bondi Drive, Middle Sackville Ns B0n 1z0

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,796Sqft

Listing courtesy of Keller Williams Select Realty

Stonewater Homes presents the "Evandale" home plan in Indigo Shores. This 4 bedroom, 3.5 bathroom home has much to offer. The main floor is an open concept design inclusive of family room with gas fire place and lots of windows for natural light. The kitchen features cabinetry extended to the ceiling, quartz countertops, and a walk-in pantry.

C$899900

Residential For Sale

Lot 5071 Bondi Drive, Middle Sackville Ns B0n 1z0

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

4Bathroom(s)

C$899900

Residential For Sale

Lot 5054 Bondi Drive, Middle Sackville Ns B0n 1z0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1Picture(s)

2,545Sqft

Listing courtesy of Keller Williams Select Realty

C$849900

Residential For Sale

Lot 5054 Bondi Drive, Middle Sackville Ns B0n 1z0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,545Sqft

Listing courtesy of Keller Williams Select Realty

Stonewater Homes is proud to introduce the exceptional "Isenor" home plan to be built in the sought-after community of Indigo Shores. This beautifully designed 4-bedroom, 3-bathroom home is crafted with both luxury and functionality in mind.

C$849900

Residential For Sale

Lot 5054 Bondi Drive, Middle Sackville Ns B0n 1z0

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

3Bathroom(s)

C$849900

Residential For Sale

950 Fall River Road, Fall River Ns B2t 1e9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

6Picture(s)

2,800Sqft

Listing courtesy of Engel & Volkers

C$899900

Residential For Sale

950 Fall River Road, Fall River Ns B2t 1e9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,800Sqft

Listing courtesy of Engel & Volkers

This 2,800 sq. ft. home is built for comfort and easy living. Designed with a bright, open layout, it seamlessly connects the kitchen, dining, and living areas, making it perfect for everyday life and entertaining. With three bedrooms and three bathrooms, there’s plenty of room for family and friends.

C$899900

Residential For Sale

950 Fall River Road, Fall River Ns B2t 1e9

Listing courtesy of Engel & Volkers

3Bedroom(s)

3Bathroom(s)

C$899900

Residential For Sale

12892 Highway 4, East Havre Boucher Ns B0h 1p0

More Details

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

50Picture(s)

1,408Sqft

Listing courtesy of Engel & Volkers

C$299000

Residential For Sale

12892 Highway 4, East Havre Boucher Ns B0h 1p0

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,408Sqft

Listing courtesy of Engel & Volkers

Perched high above the roadway, this century-old home commands breathtaking views of the expansive sea and rolling hills. Its timeless charm and stately presence are matched by a solid foundation and enduring "good bones.

C$299000

Residential For Sale

12892 Highway 4, East Havre Boucher Ns B0h 1p0

Listing courtesy of Engel & Volkers

5Bedroom(s)

3Bathroom(s)

C$299000

Residential For Sale

11659 Highway 316, Boylston Ns B0h 1g0

More Details

3Bedroom(s)

3Bathroom(s)

PavedParking(s)

50Picture(s)

3,288Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

C$599000

Residential For Sale

11659 Highway 316, Boylston Ns B0h 1g0

3Bedroom(s)

3Bathroom(s)

PavedParking(s)

3,288Sqft

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

Century charm meets modern efficiency in this c.1900 2 story home in the quaint community of Boylston. This 3 BR house has been carefully restored over the past number of years. The century charm includes refurbished maple floors and wide trim moldings, original Douglas fir wood doors and knobs and large sliding wood doors leading to the living room and the cozy fireplace.

C$599000

Residential For Sale

11659 Highway 316, Boylston Ns B0h 1g0

Listing courtesy of Viewpoint Realty Services Inc.(Antigonish)

3Bedroom(s)

3Bathroom(s)

C$599000

Residential For Sale

1 Atlantic Street, Clark's Harbour Ns B0w 1p0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

32Picture(s)

1,900Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$279000

Residential For Sale

1 Atlantic Street, Clark's Harbour Ns B0w 1p0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,900Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Perched on a scenic hilltop in the picturesque town of Clarks Harbour, this updated 3-bedroom home offers the perfect mix of privacy, comfort, and sweeping ocean views. From its elevated position, enjoy panoramic vistas of the Atlantic Ocean and the charming Clarks Harbour wharf. Inside, a fully renovated kitchen with modern finishes creates a welcoming space for everyday living and entertaining.

C$279000

Residential For Sale

1 Atlantic Street, Clark's Harbour Ns B0w 1p0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$279000

Residential For Sale

3288 Highway 3, Lydgate Ns B0t 1l0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

50Picture(s)

750Sqft

Listing courtesy of Exit Realty Metro

C$749900

Residential For Sale

3288 Highway 3, Lydgate Ns B0t 1l0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

750Sqft

Listing courtesy of Exit Realty Metro

A unique investment opportunity awaits with this charming property featuring six separate cottages, all currently occupied by long-term tenants. Each cottage offers a cozy layout with scenic views overlooking Swims Pond, creating a peaceful and inviting atmosphere.

C$749900

Residential For Sale

3288 Highway 3, Lydgate Ns B0t 1l0

Listing courtesy of Exit Realty Metro

2Bedroom(s)

1Bathroom(s)

C$749900

Residential For Sale

1371 Cloverville Road, Cloverville Ns B2g 2k9

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

41Picture(s)

960Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$259900

Residential For Sale

1371 Cloverville Road, Cloverville Ns B2g 2k9

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

960Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Nestled in a peaceful and private setting on 5 acres, this cozy 2-bedroom, 1-bath home offers both comfort and convenience just 5 mins from Main Street, Antigonish. The home features a durable metal roof, a newly installed ductless heat pump for efficient heating and cooling, and a spacious kitchen equipped with stainless steel appliances.

C$259900

Residential For Sale

1371 Cloverville Road, Cloverville Ns B2g 2k9

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

1Bathroom(s)

C$259900

Residential For Sale

907 Charles Street, North Kentville Ns B4n 2y9

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,943Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$469000

Residential For Sale

907 Charles Street, North Kentville Ns B4n 2y9

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,943Sqft

Listing courtesy of MacKay Real Estate Ltd.

Welcome to 907 Charles Street, in the heart of one of one of the most family-oriented subdivisions in Kentville! This immaculate split entry is completely finished on both levels, and has many recent updates including new paint and flooring throughout, new stainless steel Samsung appliances (2023) new kitchen countertop, sink and fixtures (2024), new vanities and fixtures in both bathrooms (2021/2

C$469000

Residential For Sale

907 Charles Street, North Kentville Ns B4n 2y9

Listing courtesy of MacKay Real Estate Ltd.

5Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

2 Doris Lane, Cleveland Ns B0e 1j0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

45Picture(s)

1,080Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$369000

Residential For Sale

2 Doris Lane, Cleveland Ns B0e 1j0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,080Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

From the time you drive in the large open yard with parking for multiple vehicles and step onto the covered veranda, you realize what an incredible find. This home is virtually new. Beautiful move-in condition. Open concept living room/dining and kitchen makes this a delight to entertain in. The home boasts 3 nice size bedrooms and two full baths.

C$369000

Residential For Sale

2 Doris Lane, Cleveland Ns B0e 1j0

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

2Bathroom(s)

C$369000

Residential For Sale

96 Parish Street Lot 719, Fall River Ns B2t 0w9

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3Picture(s)

2,009Sqft

Listing courtesy of Sutton Group Professional Realty

C$789900

Residential For Sale

96 Parish Street Lot 719, Fall River Ns B2t 0w9

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,009Sqft

Listing courtesy of Sutton Group Professional Realty

Model Home - Marchand Homes - The "Equinox". This beautiful split-entry home will include 3 bedrooms, 3 bathrooms, and an ideal open concept main living area.

C$789900

Residential For Sale

96 Parish Street Lot 719, Fall River Ns B2t 0w9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$789900

4798 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

Bondi Drive Lot 5061, Middle Sackville Ns B0n 1z0

Residential For Sale

Residential For Sale

Residential For Sale

Lot 5071 Bondi Drive, Middle Sackville Ns B0n 1z0

Residential For Sale

Residential For Sale

Residential For Sale

Lot 5054 Bondi Drive, Middle Sackville Ns B0n 1z0

Residential For Sale

Residential For Sale

Residential For Sale

950 Fall River Road, Fall River Ns B2t 1e9

Residential For Sale

Residential For Sale

Residential For Sale

12892 Highway 4, East Havre Boucher Ns B0h 1p0

Residential For Sale

Residential For Sale

Residential For Sale

11659 Highway 316, Boylston Ns B0h 1g0

Residential For Sale

Residential For Sale

Residential For Sale

1 Atlantic Street, Clark's Harbour Ns B0w 1p0

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.