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

3223 Highway 376, Pictou Ns B0k 1h0

More Details

4Bedroom(s)

7Bathroom(s)

DetachedParking(s)

50Picture(s)

7,252Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$1690000

Residential For Sale

3223 Highway 376, Pictou Ns B0k 1h0

4Bedroom(s)

7Bathroom(s)

DetachedParking(s)

7,252Sqft

Listing courtesy of RE/MAX Nova (Halifax)

We are excited to present to you a remarkable property: a custom executive-built home at the prestigious Glenalmond Estate. This home is bathed in natural light in every room and offers commanding views of the West River basin, Loch Broom, Greenhill, and breathtaking sunsets.

C$1690000

Residential For Sale

3223 Highway 376, Pictou Ns B0k 1h0

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

7Bathroom(s)

C$1690000

Residential For Sale

10588 Highway Highway, Oyster Pond Ns B0j 2l0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

49Picture(s)

1,356Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$524900

Residential For Sale

10588 Highway Highway, Oyster Pond Ns B0j 2l0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,356Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome home! This spacious 3-bedroom, 2-bathroom new construction is perfectly situated on 1.5 secluded acres, offering the privacy you've been seeking. The heart of the home features a open concept floor plan with custom-designed kitchen equipped with beautiful quartz countertops and large island perfect for both everyday cooking and entertaining guests.

C$524900

Residential For Sale

10588 Highway Highway, Oyster Pond Ns B0j 2l0

Listing courtesy of Century 21 Trident Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$524900

Residential For Sale

216 Brookside Avenue, New Glasgow, NS B2H 3E5

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

35Picture(s)

1,658Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$334900

Residential For Sale

216 Brookside Avenue, New Glasgow, NS B2H 3E5

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,658Sqft

Listing courtesy of RE/MAX Fairlane Realty

Welcome to 216 Brookside Avenue, a home of charm and character, that sits in the heart of New Glasgow, in a delightful historic neighbourhood. Nestled on a quiet corner lot, this 3 bed / 1bath home is full of natural light, highlighting pride in home ownership with taste and comfort, offering a private fenced-in yard.

C$334900

Residential For Sale

216 Brookside Avenue, New Glasgow, NS B2H 3E5

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

1Bathroom(s)

C$334900

Residential For Sale

15715 Cabot Trail, Chéticamp Ns B0e 1h0

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

42Picture(s)

2,860Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$574999

Residential For Sale

15715 Cabot Trail, Chéticamp Ns B0e 1h0

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,860Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

Nestled along the world-famous Cabot Trail, this FULLY FURNISHED, 5-bedroom retreat offers a rare combination of modern elegance and breathtaking natural scenery. From the moment you step inside, panoramic ocean and sunset views set the stage for a truly exceptional living experience. The stylish and functional kitchen with a walk-in pantry is sure to please any Buyer.

C$574999

Residential For Sale

15715 Cabot Trail, Chéticamp Ns B0e 1h0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

5Bedroom(s)

2Bathroom(s)

C$574999

Residential For Sale

821 Shad Point Parkway, Blind Bay Ns B3z 4c4

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

33Picture(s)

2,740Sqft

Listing courtesy of Keller Williams Select Realty

C$845000

Residential For Sale

821 Shad Point Parkway, Blind Bay Ns B3z 4c4

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,740Sqft

Listing courtesy of Keller Williams Select Realty

Nestled in the private community of Shag End you will find a quiet waterfront sanctuary sitting on just under 3 acres of land. Boasting 270 feet of water front, living out the quintessential East Coast lifestyle comes easy at 821 Shad Point Parkway.

C$845000

Residential For Sale

821 Shad Point Parkway, Blind Bay Ns B3z 4c4

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$845000

Residential For Sale

35 Sea Oaks Lane, Martins Point Ns B0j 1e0

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

44Picture(s)

5,697Sqft

Listing courtesy of Engel & Volkers (Chester)

C$1799000

Residential For Sale

35 Sea Oaks Lane, Martins Point Ns B0j 1e0

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

5,697Sqft

Listing courtesy of Engel & Volkers (Chester)

SEA OAKS. Inviting, thoughtfully designed and meticulously maintained 3 bedroom, 3 1/2 bath oceanfront home with outstanding ocean views, includes an upscale guest cottage, 2 acres to call one's own, and 197' of direct oceanfront, suitable to add a wharf and explore the many islands of Mahone Bay including famous nearby Oak Island.

C$1799000

Residential For Sale

35 Sea Oaks Lane, Martins Point Ns B0j 1e0

Listing courtesy of Engel & Volkers (Chester)

3Bedroom(s)

4Bathroom(s)

C$1799000

Residential For Sale

38 Water Street, Glace Bay Ns B1a 1r3

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

46Picture(s)

2,184Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$449000

Residential For Sale

38 Water Street, Glace Bay Ns B1a 1r3

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,184Sqft

Listing courtesy of RE/MAX Park Place Inc.

Charming 4-Level Split with Endless Possibilities | Move-In Ready! Skip the stress of a new build—this well-maintained, one-owner home offers excellent value at approx. $200/sq ft and is available for quick closing. Featuring 5 bedrooms, 2.

C$449000

Residential For Sale

38 Water Street, Glace Bay Ns B1a 1r3

Listing courtesy of RE/MAX Park Place Inc.

4Bedroom(s)

3Bathroom(s)

C$449000

Residential For Sale

2105 Port Latour Road, Upper Port La Tour Ns B0w 1e0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

46Picture(s)

1,230Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$199000

Residential For Sale

2105 Port Latour Road, Upper Port La Tour Ns B0w 1e0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,230Sqft

Listing courtesy of RE/MAX Banner Real Estate

Nestled in a quiet, coastal setting is this charming home which sits on over three acres of property with approximately 150 feet of stunning ocean frontage. The expansive property features fruit trees and ample space for further development, whether you dream of adding a second home, cottage, or creating a beautiful green space to enjoy.

C$199000

Residential For Sale

2105 Port Latour Road, Upper Port La Tour Ns B0w 1e0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$199000

Residential For Sale

36 Eagle Head Wharf Road, Eagle Head Ns B0j 1h0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

43Picture(s)

966Sqft

Listing courtesy of Land & Sea Real Estate Services Inc

C$249900

Residential For Sale

36 Eagle Head Wharf Road, Eagle Head Ns B0j 1h0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

966Sqft

Listing courtesy of Land & Sea Real Estate Services Inc

L&S #1287. Location, location! If you're looking to build a brand new "forever" home, this lush park-like 1.5 acre property would be a lovely setting. And it's a short stroll from Eagle Head Beach just down the way. While you're planning and building that dream home, live in and enjoy the existing sweet, cozy, compact year round home situated at the edge of the land.

C$249900

Residential For Sale

36 Eagle Head Wharf Road, Eagle Head Ns B0j 1h0

Listing courtesy of Land & Sea Real Estate Services Inc

2Bedroom(s)

1Bathroom(s)

C$249900

Residential For Sale

225 Lapointe Road, Petit Étang Ns B0e 1h0

More Details

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

25Picture(s)

324Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$225000

Residential For Sale

225 Lapointe Road, Petit Étang Ns B0e 1h0

1Bedroom(s)

1Bathroom(s)

SingleParking(s)

324Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

Nestled in the heart of Petit Etang, this charming cottage offers the perfect blend of tranquility and natural beauty. Situated on 4.11 acres of land, the property boasts breathtaking views of the Cape Breton Highlands and is just footsteps away from the serene Petit Etang Beach, ideal for swimming or simply soaking in the views.

C$225000

Residential For Sale

225 Lapointe Road, Petit Étang Ns B0e 1h0

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

1Bedroom(s)

1Bathroom(s)

C$225000

Residential For Sale

7527 Highway 101, Plympton Ns B0w 2r0

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

48Picture(s)

1,080Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$239900

Residential For Sale

7527 Highway 101, Plympton Ns B0w 2r0

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

1,080Sqft

Listing courtesy of RE/MAX Banner Real Estate

Charming 2 bedroom 1 bathroom bungalow complete with a basement garage. Situated minutes from Digby on park-like grounds with a seasonal view of St Mary's Bay.

C$239900

Residential For Sale

7527 Highway 101, Plympton Ns B0w 2r0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$239900

Residential For Sale

5114 Highway 337, Cape George, Cape George Ns B2g 2l2

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

25Picture(s)

780Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$299000

Residential For Sale

5114 Highway 337, Cape George, Cape George Ns B2g 2l2

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

780Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

2 BEDROOM COTTAGE IN BEAUTIFUL CAPE GEORGE - A COZY SETTING WITH SPECTACULAR SUNRISES & MOON RISES ON ST.

C$299000

Residential For Sale

5114 Highway 337, Cape George, Cape George Ns B2g 2l2

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

2Bedroom(s)

1Bathroom(s)

C$299000

4806 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

3223 Highway 376, Pictou Ns B0k 1h0

Residential For Sale

Residential For Sale

Residential For Sale

10588 Highway Highway, Oyster Pond Ns B0j 2l0

Residential For Sale

Residential For Sale

Residential For Sale

216 Brookside Avenue, New Glasgow, NS B2H 3E5

Residential For Sale

Residential For Sale

Residential For Sale

15715 Cabot Trail, Chéticamp Ns B0e 1h0

Residential For Sale

Residential For Sale

Residential For Sale

821 Shad Point Parkway, Blind Bay Ns B3z 4c4

Residential For Sale

Residential For Sale

Residential For Sale

35 Sea Oaks Lane, Martins Point Ns B0j 1e0

Residential For Sale

Residential For Sale

Residential For Sale

38 Water Street, Glace Bay Ns B1a 1r3

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.