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

6102 East Bay Highway, East Bay Ns B1j 1r1

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

46Picture(s)

720Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$399900

Residential For Sale

6102 East Bay Highway, East Bay Ns B1j 1r1

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

720Sqft

Listing courtesy of RE/MAX Park Place Inc.

Discover this inviting two-bedroom bungalow nestled in the scenic Ben Eoin area, just steps from the water. This property features easy access stairs, surrounded by mature trees and vibrant plants, offering a serene escape.

C$399900

Residential For Sale

6102 East Bay Highway, East Bay Ns B1j 1r1

Listing courtesy of RE/MAX Park Place Inc.

2Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

19Picture(s)

1,140Sqft

Listing courtesy of EXIT Realty Inter Lake

C$249000

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,140Sqft

Listing courtesy of EXIT Realty Inter Lake

LOCATION LOCATION LOCATION!!! From this possibly most attractive bungalow in Lahave Heights 1, which is said to be one of the best Land Lease Communities in NS.

C$249000

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$249000

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

2Picture(s)

1,823Sqft

Listing courtesy of Sutton Group Professional Realty

C$549900

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,823Sqft

Listing courtesy of Sutton Group Professional Realty

Semi detached home in Lantz by Marchand Homes. This family friendly home is located at the end of a cul de sac with a landscaped lot, single car garage and many additional features. Inside you will find a main floor that has an open concept living room, dining area and kitchen. The kitchen has quartz counter tops, white shaker style cabinets to the ceiling and a 3'x5' center island.

C$549900

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$549900

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0

More Details

4Bedroom(s)

4Bathroom(s)

GravelParking(s)

50Picture(s)

5,784Sqft

Listing courtesy of Engel & Volkers (Chester)

C$4450000

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0

4Bedroom(s)

4Bathroom(s)

GravelParking(s)

5,784Sqft

Listing courtesy of Engel & Volkers (Chester)

Discover this jaw-dropping and meticulously designed South Shore oceanfront oasis! Renowned architect Michael Grunsky created this magnificent one-of-a-kind residence for those seeking an extraordinary lifestyle.

C$4450000

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0

Listing courtesy of Engel & Volkers (Chester)

4Bedroom(s)

4Bathroom(s)

C$4450000

Residential For Sale

784 Shore Road, Egerton Ns B0k 1g0

More Details

4Bedroom(s)

4Bathroom(s)

DetachedParking(s)

50Picture(s)

3,174Sqft

Listing courtesy of Engel & Volkers (Chester)

C$3350000

Residential For Sale

784 Shore Road, Egerton Ns B0k 1g0

4Bedroom(s)

4Bathroom(s)

DetachedParking(s)

3,174Sqft

Listing courtesy of Engel & Volkers (Chester)

This meticulously maintained family compound has been enjoyed by three generations for the last 20 years. The serene rural setting is a wonderful location for full time living or possibly a weekend / vacation / corporate retreat. There is space for everyone, family and friends and oodles of 4 season fun activities for all to enjoy ...

C$3350000

Residential For Sale

784 Shore Road, Egerton Ns B0k 1g0

Listing courtesy of Engel & Volkers (Chester)

4Bedroom(s)

4Bathroom(s)

C$3350000

Residential For Sale

62 Chapel Street, Annapolis Royal Ns B0s 1a0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

1,743Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$359000

Residential For Sale

62 Chapel Street, Annapolis Royal Ns B0s 1a0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,743Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Welcome to 62 Chapel Street in Annapolis Royal.

C$359000

Residential For Sale

62 Chapel Street, Annapolis Royal Ns B0s 1a0

Listing courtesy of Keller Williams Select Realty (Kentville)

2Bedroom(s)

2Bathroom(s)

C$359000

Residential For Sale

69 Fox Street, Lunenburg Ns B0j 2c0

More Details

5Bedroom(s)

4Bathroom(s)

SingleParking(s)

50Picture(s)

3,120Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

C$849000

Residential For Sale

69 Fox Street, Lunenburg Ns B0j 2c0

5Bedroom(s)

4Bathroom(s)

SingleParking(s)

3,120Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

Step back in time and experience the charm of this stunning example of British Colonial architecture, complete with original preserved woodwork, flooring, trim, staircase and doors that beautifully preserve its historic character.

C$849000

Residential For Sale

69 Fox Street, Lunenburg Ns B0j 2c0

Listing courtesy of ViewPoint Realty Services Inc.(Lunenburg)

5Bedroom(s)

4Bathroom(s)

C$849000

Residential For Sale

35 Grandview Dr, Truro Ns B2n 3n5

More Details

6Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,194Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$619900

Residential For Sale

35 Grandview Dr, Truro Ns B2n 3n5

6Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,194Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Quicker closing available! Spacious 6-Bedroom Home Near Downtown Truro. Located just minutes from downtown Truro and Highway 102, this expansive 6-bedroom home offers both charm and convenience. With quick access to shopping, groceries, recreation, and beautiful Victoria Park, this property is perfect for those looking for a home with space and versatility.

C$619900

Residential For Sale

35 Grandview Dr, Truro Ns B2n 3n5

Listing courtesy of Viewpoint Realty Services Inc.

6Bedroom(s)

4Bathroom(s)

C$619900

Residential For Sale

9380 Highway 3, Maders Cove Ns B0j 2e0

More Details

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

48Picture(s)

3,897Sqft

Listing courtesy of Sutton Group Professional Realty

C$725000

Residential For Sale

9380 Highway 3, Maders Cove Ns B0j 2e0

5Bedroom(s)

3Bathroom(s)

DetachedParking(s)

3,897Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 9380 Highway 3! Nestled in the corner of Mader’s Cove this spacious home combines the peace and tranquility of country living with the quaint bustle of Mahone Bay. Surrounded by gardens, fruit trees, a cultivated vegetable bed, a courtyard, balconies and a walking trail, this house truly has to be seen personally to be truly appreciated.

C$725000

Residential For Sale

9380 Highway 3, Maders Cove Ns B0j 2e0

Listing courtesy of Sutton Group Professional Realty

5Bedroom(s)

3Bathroom(s)

C$725000

Residential For Sale

5381 19 Highway, Judique Ns B0e 1p0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

36Picture(s)

2,004Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$299000

Residential For Sale

5381 19 Highway, Judique Ns B0e 1p0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,004Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

Charming & Spacious Multi-Unit Home in the Heart of Judique. Nestled on Route 19 in the charming community of Judique, this expansive property offers endless potential, making it an excellent choice for families, investors, or those seeking a home with added income potential. With a fully separate in-law suite or rental unit, this home is designed for versatility and comfort.

C$299000

Residential For Sale

5381 19 Highway, Judique Ns B0e 1p0

Listing courtesy of Harvey Realties Limited (St.Peters)

4Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

304-45 Chelton Woods Lane, Halifax Ns B3m 3z7

More Details

2Bedroom(s)

1Bathroom(s)

AssignedParking(s)

28Picture(s)

1,130Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$409900

Residential For Sale

304-45 Chelton Woods Lane, Halifax Ns B3m 3z7

2Bedroom(s)

1Bathroom(s)

AssignedParking(s)

1,130Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Fall in love with this beautifully updated top floor condo unit, where modern elegance meets natural charm. Nestled in a serene community, this condo is just minutes from all the conveniences of Clayton Park and Kearney Lake. From the moment you step inside, you'll be greeted by a stunning skylight that fills the entryway with sunshine-perfect for thriving plants and welcoming vibes.

C$409900

Residential For Sale

304-45 Chelton Woods Lane, Halifax Ns B3m 3z7

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

1Bathroom(s)

C$409900

Residential For Sale

676 201 Highway, Moschelle Ns B0s 1a0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

1,783Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$499500

Residential For Sale

676 201 Highway, Moschelle Ns B0s 1a0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,783Sqft

Listing courtesy of RE/MAX Banner Real Estate

MOVE TO THE VALLEY! This charming Century Home plus double car garage sits majestically on 21+ acres boasting views of the Annapolis River. There are apple, cherry, pear, multi-trees and berries ready for you to grow and enjoy for years to come. Upon entering, a bright sunroom dining area welcomes you to the freshly painted kitchen and on to the attractive living room.

C$499500

Residential For Sale

676 201 Highway, Moschelle Ns B0s 1a0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

2Bathroom(s)

C$499500

4804 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

6102 East Bay Highway, East Bay Ns B1j 1r1

Residential For Sale

Residential For Sale

Residential For Sale

68 Sherbrooke Avenue, Bridgewater Ns B4v 4e7

Residential For Sale

Residential For Sale

Residential For Sale

115b Jessome Avenue, Lantz Ns B2s 0c5

Residential For Sale

Residential For Sale

Residential For Sale

166 Ocean Gate Drive, Northwest Cove Ns B0j 1t0

Residential For Sale

Residential For Sale

Residential For Sale

784 Shore Road, Egerton Ns B0k 1g0

Residential For Sale

Residential For Sale

Residential For Sale

62 Chapel Street, Annapolis Royal Ns B0s 1a0

Residential For Sale

Residential For Sale

Residential For Sale

69 Fox Street, Lunenburg Ns B0j 2c0

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.