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

13260 Highway 1, Lockhartville, NS B0P 1P0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

40Picture(s)

1,204Sqft

Listing courtesy of EXIT Realty Inter Lake

C$224900

Residential For Sale

13260 Highway 1, Lockhartville, NS B0P 1P0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,204Sqft

Listing courtesy of EXIT Realty Inter Lake

Bring your vision to life with this charming home nestled in the beautiful area of Lockhartville. With great bones and a partially finished basement, this property is full of potential for investors, flippers, or ambitious homeowners looking for a project. Inside the main floor you'll find a spacious living area, functional eat in kitchen, 3 cozy bedrooms and 3 piece bathroom.

C$224900

Residential For Sale

13260 Highway 1, Lockhartville, NS B0P 1P0

Listing courtesy of EXIT Realty Inter Lake

3Bedroom(s)

1Bathroom(s)

C$224900

Residential For Sale

411 Bondi Drive Lot 5045, Middle Sackville Ns B4e 0w3

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1Picture(s)

2,039Sqft

Listing courtesy of Sutton Group Professional Realty

C$739900

Residential For Sale

411 Bondi Drive Lot 5045, Middle Sackville Ns B4e 0w3

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,039Sqft

Listing courtesy of Sutton Group Professional Realty

Introducing The Thicket by Marchand Homes, a stunning executive split-entry residence nestled in the sought-after community of Indigo Shores. Located in the heart of Middle Sackville, Indigo Shores is a vibrant and rapidly expanding neighbourhood, offering a mix of lakefront and lake-access properties designed to suit a variety of lifestyles.

C$739900

Residential For Sale

411 Bondi Drive Lot 5045, Middle Sackville Ns B4e 0w3

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$739900

Residential For Sale

867 Highway 340, South Ohio Ns B5a 5n1

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

2,101Sqft

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

C$264000

Residential For Sale

867 Highway 340, South Ohio Ns B5a 5n1

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,101Sqft

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

Recently rewired (May 2025) Live in one side and rent out the other side to help with the mortgage. Located in the heart of South Ohio and only 10 minutes from the town of Yarmouth. Conveniently located across the road from the Ohio Esso and the community mail boxes. This 5 bedroom, 2 bath, 2 kitchen, 2 living rooms home has a double car garage and nice private back yard.

C$264000

Residential For Sale

867 Highway 340, South Ohio Ns B5a 5n1

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

5Bedroom(s)

2Bathroom(s)

C$264000

Residential For Sale

21 Brianna Drive Lot A, Lantz Ns B2s 0k3

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2Picture(s)

2,039Sqft

Listing courtesy of Parachute Realty

C$594900

Residential For Sale

21 Brianna Drive Lot A, Lantz Ns B2s 0k3

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,039Sqft

Listing courtesy of Parachute Realty

Welcome to the latest Homes by Highgate model on Brianna Drive. Another testament to Highgate quality, the "Notting Hill" offers a bright and spacious interior with high ceilings and timeless finishes throughout, effortlessly blending form and function. The main living area will feature an inviting open-concept design, with a large quartz island kitchen, ideal for entertaining.

C$594900

Residential For Sale

21 Brianna Drive Lot A, Lantz Ns B2s 0k3

Listing courtesy of Parachute Realty

3Bedroom(s)

3Bathroom(s)

C$594900

Residential For Sale

146 Chapel Cove Road, L'ardoise Ns B0e 3b0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

47Picture(s)

2,400Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$390000

Residential For Sale

146 Chapel Cove Road, L'ardoise Ns B0e 3b0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,400Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Enjoy the fabulous view of Chapel Cove on the Atlantic Ocean. Chapel Cove is a protected mooring site that is quiet, private and beautiful. Welcome to this 4 bedroom, 2 bathroom side split that offers a great design for family living.

C$390000

Residential For Sale

146 Chapel Cove Road, L'ardoise Ns B0e 3b0

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

4Bedroom(s)

2Bathroom(s)

C$390000

Residential For Sale

119 Island View Drive, Brass Hill Ns B0w 1g0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

36Picture(s)

2,177Sqft

Listing courtesy of Modern Realty

C$429000

Residential For Sale

119 Island View Drive, Brass Hill Ns B0w 1g0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

2,177Sqft

Listing courtesy of Modern Realty

If you are looking for a home that gives you stunning views of the ocean from nearly every room, this is the one you’ve been searching for! This beautiful home is in a sought out area, situated in a quiet subdivision, only 4 kms to the amenities of Barrington Passage and features full exposure of Barrington Bay. The large windows gives this home lots of natural light.

C$429000

Residential For Sale

119 Island View Drive, Brass Hill Ns B0w 1g0

Listing courtesy of Modern Realty

3Bedroom(s)

1Bathroom(s)

C$429000

Residential For Sale

1079 Welch Branch, Forest Hill Ns B4p 2r1

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

26Picture(s)

768Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$289900

Residential For Sale

1079 Welch Branch, Forest Hill Ns B4p 2r1

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

768Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Here is your chance to own your own piece of paradise. This 2 bedroom mobile home sits on 5.5 acres of land & would make a great property for the first time home buyer or for anyone looking to down size. Nestled away in the community of Forest Hill which borders on the beautiful farming area of Gaspereau Valley, famous for its award winning wineries.

C$289900

Residential For Sale

1079 Welch Branch, Forest Hill Ns B4p 2r1

Listing courtesy of Keller Williams Select Realty (Kentville)

2Bedroom(s)

1Bathroom(s)

C$289900

Residential For Sale

142 Bay Side Drive, Brass Hill Ns B0w 1e0

More Details

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

48Picture(s)

1,910Sqft

Listing courtesy of East Bay Realty Ltd.

C$695000

Residential For Sale

142 Bay Side Drive, Brass Hill Ns B0w 1e0

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,910Sqft

Listing courtesy of East Bay Realty Ltd.

Absolute Rare Find ! Well Kept Secret on the South Western Shore of Beautiful Nova Scotia ! With over 2000+- ft of waterfront and just over 16 acres of complete privacy, this is not something to overlook ! Original Homestead Circa 1930's with modern additions and improvements, maintaining original features adding to the history and charm making it one of the greatest properties for sale in this e

C$695000

Residential For Sale

142 Bay Side Drive, Brass Hill Ns B0w 1e0

Listing courtesy of East Bay Realty Ltd.

5Bedroom(s)

2Bathroom(s)

C$695000

Residential For Sale

2285 Highway 221, Dempseys Corner, NS B0P 1C0

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

50Picture(s)

1,240Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$447500

Residential For Sale

2285 Highway 221, Dempseys Corner, NS B0P 1C0

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,240Sqft

Listing courtesy of EXP Realty of Canada Inc.

JUST RE-LISTED! Looking for a place to call home where you can relax & enjoy a beautiful view while sitting on your deck or sunroom? Well, You have found it! Located at the base of the North Mountain (just minutes away from Berwick Heights Golf Course & about 10min from Greenwood Mall), rests this beautiful 3 bedroom, 1.5 bath home.

C$447500

Residential For Sale

2285 Highway 221, Dempseys Corner, NS B0P 1C0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$447500

Residential For Sale

163 Orchard Street, Berwick Ns B0p 1e0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

41Picture(s)

2,232Sqft

Listing courtesy of RE/MAX Advantage

C$514900

Residential For Sale

163 Orchard Street, Berwick Ns B0p 1e0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,232Sqft

Listing courtesy of RE/MAX Advantage

Step up to an outstanding neighborhood, a community within a community on the outskirts of the ever popular Town of Berwick. Complete with a large lot and partially fenced area this home offers more space in and out that meets the eye on a drive by. Inside the style is open concept with opportunities for various lifestyles.

C$514900

Residential For Sale

163 Orchard Street, Berwick Ns B0p 1e0

Listing courtesy of RE/MAX Advantage

4Bedroom(s)

3Bathroom(s)

C$514900

Residential For Sale

185 Highway 224, Sheet Harbour Ns B0j 3b0

More Details

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

1,832Sqft

Listing courtesy of Keller Williams Select Realty

C$329900

Residential For Sale

185 Highway 224, Sheet Harbour Ns B0j 3b0

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,832Sqft

Listing courtesy of Keller Williams Select Realty

Well cared for 5 Bedroom home located in the friendly town of Sheet Harbour with shop and garage. All the amenities of Sheet Harbour are a minute drive down the road. Enjoy the convenience of main floor laundry,2 good sizes main floor bedrooms and a sunroom with heat pump.Head Upstairs to find 3 more well appointed bedrooms and a full bath with bathtub.

C$329900

Residential For Sale

185 Highway 224, Sheet Harbour Ns B0j 3b0

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

2Bathroom(s)

C$329900

Residential For Sale

14 Breakwater Lane, Brooklyn Ns B0j 1h0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

32Picture(s)

1,873Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

C$389900

Residential For Sale

14 Breakwater Lane, Brooklyn Ns B0j 1h0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,873Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

Located in Brooklyn this 3 bedroom oceanfront home is ready to move into and enjoy the views and all the work that has been done to it. The roof has been reshingled , the whole house outside has been scraped and painted also the inside the floors and walls have been redone.

C$389900

Residential For Sale

14 Breakwater Lane, Brooklyn Ns B0j 1h0

Listing courtesy of EXIT Realty Inter Lake Liverpool

3Bedroom(s)

2Bathroom(s)

C$389900

4670 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

13260 Highway 1, Lockhartville, NS B0P 1P0

Residential For Sale

Residential For Sale

Residential For Sale

411 Bondi Drive Lot 5045, Middle Sackville Ns B4e 0w3

Residential For Sale

Residential For Sale

Residential For Sale

867 Highway 340, South Ohio Ns B5a 5n1

Residential For Sale

Residential For Sale

Residential For Sale

21 Brianna Drive Lot A, Lantz Ns B2s 0k3

Residential For Sale

Residential For Sale

Residential For Sale

146 Chapel Cove Road, L'ardoise Ns B0e 3b0

Residential For Sale

Residential For Sale

Residential For Sale

119 Island View Drive, Brass Hill Ns B0w 1g0

Residential For Sale

Residential For Sale

Residential For Sale

1079 Welch Branch, Forest Hill Ns B4p 2r1

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.