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

4 Michaela Street, Pictou Ns B0k 1h0

More Details

3Bedroom(s)

3Bathroom(s)

ConcreteParking(s)

5Picture(s)

1,325Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$389900

Residential For Sale

4 Michaela Street, Pictou Ns B0k 1h0

3Bedroom(s)

3Bathroom(s)

ConcreteParking(s)

1,325Sqft

Listing courtesy of The Agency Real Estate Brokerage

This is a Facsimile Listing for a New Build. Photos included are Artist Renderings. Welcome to The Orchid—Your haven of effortless living in seaside Pictou. Discover the perfect blend of comfort, convenience, and coastal charm in this stunning 2-level home. Designed for those seeking a low-maintenance lifestyle, The Orchid at RoseView Estates offers the ideal retreat - with no condo fees.

C$389900

Residential For Sale

4 Michaela Street, Pictou Ns B0k 1h0

Listing courtesy of The Agency Real Estate Brokerage

3Bedroom(s)

3Bathroom(s)

C$389900

Residential For Sale

2 Michaela Street, Pictou Ns B0k 1h0

More Details

2Bedroom(s)

2Bathroom(s)

ConcreteParking(s)

8Picture(s)

1,600Sqft

Listing courtesy of The Agency Real Estate Brokerage

C$382500

Residential For Sale

2 Michaela Street, Pictou Ns B0k 1h0

2Bedroom(s)

2Bathroom(s)

ConcreteParking(s)

1,600Sqft

Listing courtesy of The Agency Real Estate Brokerage

This is a Facsimile Listing for a New Build. Photos Included Are Artist Renderings. Welcome to The Iris—Effortless coastal living in charming Pictou. Step into your dream home at RoseView Estates, where modern comfort meets seaside serenity. Designed with lifestyle & comfort in mind, The Iris offers the perfect combination of low-maintenance living and timeless elegance - with no condo fees.

C$382500

Residential For Sale

2 Michaela Street, Pictou Ns B0k 1h0

Listing courtesy of The Agency Real Estate Brokerage

2Bedroom(s)

2Bathroom(s)

C$382500

Residential For Sale

923 Soldiers Cove Road, Lewis Cove Road Ns B0e 3b0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

3,056Sqft

Listing courtesy of Cape Breton Realty

C$1200000

Residential For Sale

923 Soldiers Cove Road, Lewis Cove Road Ns B0e 3b0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3,056Sqft

Listing courtesy of Cape Breton Realty

Experience the serene beauty of Cape Breton at 923 Soldiers Cove Road, where nearly 500 acres of pristine wilderness offer limitless possibilities. This extraordinary property is an ideal canvas for visionaries and entrepreneurs seeking peace, inspiration, and opportunity.

C$1200000

Residential For Sale

923 Soldiers Cove Road, Lewis Cove Road Ns B0e 3b0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

3Bathroom(s)

C$1200000

Residential For Sale

25 Ton Timber Hills Road, Moser River Ns B0j 2r0

More Details

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

26Picture(s)

412Sqft

Listing courtesy of Keller Williams Select Realty

C$68000

Residential For Sale

25 Ton Timber Hills Road, Moser River Ns B0j 2r0

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

412Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to the Cottage,offering peace and quiet away from the city.Enjoy the conveniences of home with a fully equipped kitchen,Bell Fibre Optic Internet,newer Wett Certified woodstove,dug well,newer bathroom with shower and Composting Toilet.Enjoy the cosy interior space by the woodstove and fall asleep surrounded by the calming sounds of nature.

C$68000

Residential For Sale

25 Ton Timber Hills Road, Moser River Ns B0j 2r0

Listing courtesy of Keller Williams Select Realty

1Bedroom(s)

1Bathroom(s)

C$68000

Residential For Sale

984 Herring Cove Road, Halifax Ns B3r 1z6

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

15Picture(s)

1,457Sqft

Listing courtesy of PG Direct Realty Ltd.

C$525000

Residential For Sale

984 Herring Cove Road, Halifax Ns B3r 1z6

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,457Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information.Listing change: This wonderful vintage home has been in the family for many years. Backing on to crown land for total privacy it is set back nicely off the road for you to enjoy the tranquil surroundings.

C$525000

Residential For Sale

984 Herring Cove Road, Halifax Ns B3r 1z6

Listing courtesy of PG Direct Realty Ltd.

4Bedroom(s)

1Bathroom(s)

C$525000

Residential For Sale

401 Zaffre Drive Lot 5125, Middle Sackville Ns B4e 0x4

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2Picture(s)

2,443Sqft

Listing courtesy of Sutton Group Professional Realty

C$819900

Residential For Sale

401 Zaffre Drive Lot 5125, Middle Sackville Ns B4e 0x4

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,443Sqft

Listing courtesy of Sutton Group Professional Realty

Model Home - Marchand Homes - The "Beckett". This beautiful split-entry home will include 4 bedrooms, 3 bathrooms, and an ideal open concept main living area.

C$819900

Residential For Sale

401 Zaffre Drive Lot 5125, Middle Sackville Ns B4e 0x4

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$819900

Residential For Sale

7246 Highway 331, Broad Cove Ns B4v 6p2

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

38Picture(s)

672Sqft

Listing courtesy of Red Door Realty(Lunenburg)

C$375000

Residential For Sale

7246 Highway 331, Broad Cove Ns B4v 6p2

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

672Sqft

Listing courtesy of Red Door Realty(Lunenburg)

If nature is art then this property is a gallery with its never ending tableau of ocean, gulls and waves. Perched overlooking the Atlantic Ocean and Broad Cove, this three-season cottage is perfectly set up to enjoy coastal living. With a deck and expansive windows facing the sea, you will never be far from natures beauty.

C$375000

Residential For Sale

7246 Highway 331, Broad Cove Ns B4v 6p2

Listing courtesy of Red Door Realty(Lunenburg)

2Bedroom(s)

1Bathroom(s)

C$375000

Residential For Sale

1042 Pleasant Valley Road, Pleasant Valley Ns B0n 1c0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

47Picture(s)

2,399Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$998000

Residential For Sale

1042 Pleasant Valley Road, Pleasant Valley Ns B0n 1c0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,399Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

This luxurious executive style bungalow is situated on 5 acres of beautiful landscaped property, offering peace and privacy.As you enter through the extravagant entrance, you are welcomed by double French doors that lead into a spacious openconcept kitchen and dining area, perfect for entertaining family and guests. The spacious living room features plenty ofnatural light through the large window.

C$998000

Residential For Sale

1042 Pleasant Valley Road, Pleasant Valley Ns B0n 1c0

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$998000

Residential For Sale

3524 Eastern Avenue, Parrsboro Ns B0m 1s0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

50Picture(s)

605Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$218900

Residential For Sale

3524 Eastern Avenue, Parrsboro Ns B0m 1s0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

605Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

Freshly Renovated & Move-In Ready – Your Perfect Match Awaits! Affordable, adorable, and absolutely ready to go! Whether you're retiring, downsizing, or just stepping onto the property ladder for the first time, this charming 2-bedroom, 1-bath bungalow is the unicorn you've been hunting for – and yes, it's real.

C$218900

Residential For Sale

3524 Eastern Avenue, Parrsboro Ns B0m 1s0

Listing courtesy of RE/MAX County Line Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$218900

Residential For Sale

3144 Highway 217, Tiverton Ns B0v 1g0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

43Picture(s)

1,620Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$165000

Residential For Sale

3144 Highway 217, Tiverton Ns B0v 1g0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,620Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to the "Fishery Officer's Home"! This charming and well maintained home has beautiful vintage decor including hand painted doors and moldings, antique fixtures and sconces all in excellent condition. The entire home has a feeling of straight and solid as if it was built with great pride. The basement (always dry) is a walkout with poured cement floor.

C$165000

Residential For Sale

3144 Highway 217, Tiverton Ns B0v 1g0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$165000

Residential For Sale

1271 Highway 1, Little Brook Ns B0w 1m0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

47Picture(s)

1,670Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$589000

Residential For Sale

1271 Highway 1, Little Brook Ns B0w 1m0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,670Sqft

Listing courtesy of EXP Realty of Canada Inc.

Nestled on the gentle coast of St. Mary's Bay, this picturesque oceanfront property offers an unparalleled opportunity to embrace the tranquil beauty of coastal living. Welcome to 1271 Highway 1 - a haven of comfort and style, where the charm of brick architecture meets modern convenience. Step inside, and you'll discover a warm and inviting sanctuary. With three bedrooms and 1.

C$589000

Residential For Sale

1271 Highway 1, Little Brook Ns B0w 1m0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$589000

Residential For Sale

1524 Highway 215, Tennecape Ns B0n 2r0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

31Picture(s)

660Sqft

Listing courtesy of Hants Realty Ltd.

C$550000

Residential For Sale

1524 Highway 215, Tennecape Ns B0n 2r0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

660Sqft

Listing courtesy of Hants Realty Ltd.

Here is 80 acres of versatile land, offering ample space for farming, gardening, or simply enjoying the outdoors. The acreage is ideal for various uses, from livestock grazing to trails for hiking and exploration. A cozy 2 bedroom, 1 bathroom residence perfect for a small family or a tranquil retreat.

C$550000

Residential For Sale

1524 Highway 215, Tennecape Ns B0n 2r0

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$550000

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

4 Michaela Street, Pictou Ns B0k 1h0

Residential For Sale

Residential For Sale

Residential For Sale

2 Michaela Street, Pictou Ns B0k 1h0

Residential For Sale

Residential For Sale

Residential For Sale

923 Soldiers Cove Road, Lewis Cove Road Ns B0e 3b0

Residential For Sale

Residential For Sale

Residential For Sale

25 Ton Timber Hills Road, Moser River Ns B0j 2r0

Residential For Sale

Residential For Sale

Residential For Sale

984 Herring Cove Road, Halifax Ns B3r 1z6

Residential For Sale

Residential For Sale

Residential For Sale

401 Zaffre Drive Lot 5125, Middle Sackville Ns B4e 0x4

Residential For Sale

Residential For Sale

Residential For Sale

7246 Highway 331, Broad Cove Ns B4v 6p2

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.