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

14 Goldenrod Court, Falmouth Ns B0n 1l0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

23Picture(s)

1,298Sqft

Listing courtesy of Engel & Volkers (Wolfville)

C$455000

Residential For Sale

14 Goldenrod Court, Falmouth Ns B0n 1l0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,298Sqft

Listing courtesy of Engel & Volkers (Wolfville)

Embrace single-level living and peace of mind in this charming 2-bedroom, 2-bathroom home that offers all the conveniences you could want. Bathed in natural light, this home features a delightful sunroom, perfect for enjoying every season. The well-appointed kitchen includes a pantry and a sit-up peninsula, making it both functional and inviting.

C$455000

Residential For Sale

14 Goldenrod Court, Falmouth Ns B0n 1l0

Listing courtesy of Engel & Volkers (Wolfville)

2Bedroom(s)

2Bathroom(s)

C$455000

Residential For Sale

3152 Highway 1, Belliveaus Cove Ns B0w 3t0

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

50Picture(s)

2,293Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$325000

Residential For Sale

3152 Highway 1, Belliveaus Cove Ns B0w 3t0

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,293Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 3152 Highway 1, Belliveaus Cove, NS. This 5 bedroom home sits just minutes outside of the town of Weymouth, and overlooks St. Mary's Bay. With loads of character throughout: from the breakfast nook, the built-ins, to the woodworking: this home has charm like no other. Well maintained and awaiting a new family to make it their own.

C$325000

Residential For Sale

3152 Highway 1, Belliveaus Cove Ns B0w 3t0

Listing courtesy of RE/MAX Banner Real Estate

5Bedroom(s)

2Bathroom(s)

C$325000

Residential For Sale

173 Pleasant Valley Road, Pleasant Valley Ns B0n 1x0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

25Picture(s)

729Sqft

Listing courtesy of Hants Realty Ltd.

C$109000

Residential For Sale

173 Pleasant Valley Road, Pleasant Valley Ns B0n 1x0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

729Sqft

Listing courtesy of Hants Realty Ltd.

Welcome to this cozy and inviting home, nestled in a friendly, tight-knit community. Perfectly sized for those looking to enjoy simple living, this 2-bedroom, 1-bath home offers everything you need for comfort and warmth. Inside, you'll find two wood stoves, perfect for creating a cozy ambiance during cooler months, and a heat pump to keep things comfortable year-round.

C$109000

Residential For Sale

173 Pleasant Valley Road, Pleasant Valley Ns B0n 1x0

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$109000

Residential For Sale

114 Hammond Road, Jordan Bay Ns B0t 1w0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

28Picture(s)

1,250Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

C$269000

Residential For Sale

114 Hammond Road, Jordan Bay Ns B0t 1w0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,250Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

Discover your dream retreat in this spacious, sun filled 3-bedroom, 1-bath home perched atop a hill, offering breathtaking ocean views. Located just 10 minutes from town and only 2 minute’s to a picturesque winery, this property perfectly combines tranquility with convenience.

C$269000

Residential For Sale

114 Hammond Road, Jordan Bay Ns B0t 1w0

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

3Bedroom(s)

1Bathroom(s)

C$269000

Residential For Sale

501 Stonehurst Road, Stonehurst North Ns B0j 2c0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

38Picture(s)

730Sqft

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

C$279000

Residential For Sale

501 Stonehurst Road, Stonehurst North Ns B0j 2c0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

730Sqft

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

This charming 2-bedroom home is a true gem, nestled on a beautifully landscaped lot with stunning ocean views, set along a peaceful lane. Thoughtfully renovated by a skilled boat builder, the home boasts unique details such as pegged wood floors and a warm, inviting wood ceiling on the second level.

C$279000

Residential For Sale

501 Stonehurst Road, Stonehurst North Ns B0j 2c0

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

2Bedroom(s)

1Bathroom(s)

C$279000

Residential For Sale

12571 Highway 1, Avonport Ns B0p 1p0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

35Picture(s)

1,856Sqft

Listing courtesy of Exit Realty Town & Country

C$449000

Residential For Sale

12571 Highway 1, Avonport Ns B0p 1p0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,856Sqft

Listing courtesy of Exit Realty Town & Country

Presenting this charming family home featuring four bedrooms and two and a half bathrooms, nestled on a generous 1.31-acre lot that harmoniously blends farmhouse allure with contemporary conveniences. The main level showcases an open-concept kitchen that overlooks the expansive backfield, seamlessly leading to a covered porch ideal for enjoying breathtaking sunrises and sunsets.

C$449000

Residential For Sale

12571 Highway 1, Avonport Ns B0p 1p0

Listing courtesy of Exit Realty Town & Country

4Bedroom(s)

3Bathroom(s)

C$449000

Residential For Sale

561 Heddas Way, Fall River Ns B2t 0m3

More Details

4Bedroom(s)

5Bathroom(s)

AttachedParking(s)

49Picture(s)

5,524Sqft

Listing courtesy of East Coast Realty Ltd.

C$2200000

Residential For Sale

561 Heddas Way, Fall River Ns B2t 0m3

4Bedroom(s)

5Bathroom(s)

AttachedParking(s)

5,524Sqft

Listing courtesy of East Coast Realty Ltd.

Welcome to this exceptional luxury home in Fall River, where elegant indoor living meets resort-style outdoor bliss. The gourmet kitchen features granite countertops, high-end appliances, a walk-in pantry, and built-in bar—perfect for entertaining.

C$2200000

Residential For Sale

561 Heddas Way, Fall River Ns B2t 0m3

Listing courtesy of East Coast Realty Ltd.

4Bedroom(s)

5Bathroom(s)

C$2200000

Residential For Sale

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

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

45Picture(s)

2,554Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

C$595900

Residential For Sale

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

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,554Sqft

Listing courtesy of EXIT Realty Inter Lake Liverpool

Beach side living at its best! This gorgeous 3 bedroom home is nestled on a private 2 acre lot just a stone's throw away from the white sands of Eagle Head Beach. You'll love spending time here, especially on those warm summer and autumn days! This well built custom home has been meticulously maintained over the years, and features beautiful spaces throughout for you to enjoy.

C$595900

Residential For Sale

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

Listing courtesy of EXIT Realty Inter Lake Liverpool

3Bedroom(s)

3Bathroom(s)

C$595900

Residential For Sale

Shoreline Bluff Lane Lot 3, Fox Point Ns B0j 1t0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

2Picture(s)

1,670Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$793700

Residential For Sale

Shoreline Bluff Lane Lot 3, Fox Point Ns B0j 1t0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,670Sqft

Listing courtesy of RE/MAX Nova (Halifax)

This stunning turnkey home build package offers the epitome of coastal living, situated in a picturesque oceanside setting. From the moment you step inside, you are greeted by an open-concept living space illuminated by natural light streaming in through large windows, offering breathtaking ocean views.

C$793700

Residential For Sale

Shoreline Bluff Lane Lot 3, Fox Point Ns B0j 1t0

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

2Bathroom(s)

C$793700

Residential For Sale

12 Trimper Lane, Torbrook West Ns B0s 1p0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

45Picture(s)

1,720Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$380000

Residential For Sale

12 Trimper Lane, Torbrook West Ns B0s 1p0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,720Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Opportunity awaits. Situated on a private lane only 10 minutes from Greenwood amenities, you will find this solid 2 bedroom, 1 bath bungalow on a level, approximately 5 acre lot with an additional 4.6 acre lot a short distance down the laneway.

C$380000

Residential For Sale

12 Trimper Lane, Torbrook West Ns B0s 1p0

Listing courtesy of Royal LePage Atlantic (Greenwood)

2Bedroom(s)

1Bathroom(s)

C$380000

Residential For Sale

1062/1064 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

18Picture(s)

872Sqft

Listing courtesy of Hants Realty Ltd.

C$159900

Residential For Sale

1062/1064 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

872Sqft

Listing courtesy of Hants Realty Ltd.

Estate Sale - 1062 / 1064 Crowes Mills Road. The property features 2 homes (one is livable and one needs repair and TLC). The property features large garage and paved driveway and parking. Lots of space for your family to live together and storage for all your equipment. This won't last long. This property is sold as is / where is.

C$159900

Residential For Sale

1062/1064 Crowes Mills Road, Onslow Mountain Ns B0m 1g0

Listing courtesy of Hants Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$159900

Residential For Sale

1066 Waddern's Court, Westville Ns B0k 2a0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

21Picture(s)

742Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$134900

Residential For Sale

1066 Waddern's Court, Westville Ns B0k 2a0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

742Sqft

Listing courtesy of Results Realty Atlantic Inc.

Why pay rent when you can own this 2 bedroom mobile home, enjoy one level living on a rented lot. The lot comes with a great space for all your gardening hobbies. The home is move in ready for your family to enjoy with open concept kitchen and living room.

C$134900

Residential For Sale

1066 Waddern's Court, Westville Ns B0k 2a0

Listing courtesy of Results Realty Atlantic Inc.

2Bedroom(s)

1Bathroom(s)

C$134900

4662 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

14 Goldenrod Court, Falmouth Ns B0n 1l0

Residential For Sale

Residential For Sale

Residential For Sale

3152 Highway 1, Belliveaus Cove Ns B0w 3t0

Residential For Sale

Residential For Sale

Residential For Sale

173 Pleasant Valley Road, Pleasant Valley Ns B0n 1x0

Residential For Sale

Residential For Sale

Residential For Sale

114 Hammond Road, Jordan Bay Ns B0t 1w0

Residential For Sale

Residential For Sale

Residential For Sale

501 Stonehurst Road, Stonehurst North Ns B0j 2c0

Residential For Sale

Residential For Sale

Residential For Sale

12571 Highway 1, Avonport Ns B0p 1p0

Residential For Sale

Residential For Sale

Residential For Sale

561 Heddas Way, Fall River Ns B2t 0m3

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.