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

870 Union Street, Canso Ns B0h 1h0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

26Picture(s)

1,251Sqft

Listing courtesy of Del Mar Realty Inc.

C$134900

Residential For Sale

870 Union Street, Canso Ns B0h 1h0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,251Sqft

Listing courtesy of Del Mar Realty Inc.

Charm, Character, Comfort, and Storage - This is what this 2 storey home, is all about!! Situated on the outskirts of Canso, you'll have all your amenities within a 5 min drive, along with schooling, while being tucked away from all the commotion. There are 3 bedrooms on the 2nd level, along with large built-in closets at the end of the hall.

C$134900

Residential For Sale

870 Union Street, Canso Ns B0h 1h0

Listing courtesy of Del Mar Realty Inc.

3Bedroom(s)

1Bathroom(s)

C$134900

Residential For Sale

608 Stanhope Street, South End Ns B3h 3a8

More Details

6Bedroom(s)

5Bathroom(s)

SingleParking(s)

36Picture(s)

4,380Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$1999999

Residential For Sale

608 Stanhope Street, South End Ns B3h 3a8

6Bedroom(s)

5Bathroom(s)

SingleParking(s)

4,380Sqft

Listing courtesy of RE/MAX Nova (Halifax)

As you step inside 608 Stanhope Street, you’re greeted by a warm and inviting foyer that sets the tone for the entire home. Sunlight spills through large windows, illuminating the open layout, while the house faces south, offering stunning views of beautiful sunsets.

C$1999999

Residential For Sale

608 Stanhope Street, South End Ns B3h 3a8

Listing courtesy of RE/MAX Nova (Halifax)

6Bedroom(s)

5Bathroom(s)

C$1999999

Residential For Sale

7753 Highway 308, Quinan Ns B0w 3m0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

17Picture(s)

1,208Sqft

Listing courtesy of Modern Realty

C$199900

Residential For Sale

7753 Highway 308, Quinan Ns B0w 3m0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,208Sqft

Listing courtesy of Modern Realty

Welcome to 7753 Highway 308. This 2 bedroom, 1-bath home sits in the heart of Quinan, a quaint community just under 30 minutes from the town of Yarmouth. The property has been completely refreshed with fresh paint inside and out, new flooring on most of the main floor and a recent roof.

C$199900

Residential For Sale

7753 Highway 308, Quinan Ns B0w 3m0

Listing courtesy of Modern Realty

2Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

2165 St. Columba Road, Iona Ns B2c 1b6

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

15Picture(s)

912Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$198500

Residential For Sale

2165 St. Columba Road, Iona Ns B2c 1b6

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

912Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

The perfect get-away with year-around potential. Waterfront on the Bras d'Or with view of the Iona church, Grand Narrows Bridge and the Boularderie shore from down by the waterfront. Landscaped throughout with mature apple trees and incredible attention to detail, this is a paradise. The house is more cottage than home right now, but simple reallocation of space could change that in a hurry.

C$198500

Residential For Sale

2165 St. Columba Road, Iona Ns B2c 1b6

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

1Bathroom(s)

C$198500

Residential For Sale

155 Howe Avenue, Fall River Ns B2t 1h7

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

35Picture(s)

2,058Sqft

Listing courtesy of Sutton Group Professional Realty

C$649000

Residential For Sale

155 Howe Avenue, Fall River Ns B2t 1h7

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,058Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 155 Howe Avenue, Fall River. Sitting on a large level lot this multi level home offers plenty of space outside and in. The 24'x16' garage, 12'x8' custom garden shed and 16'x16' under deck space offers lots of storage/hobby opportunities. Have multiple vehicles? No problem, there is an 8 plus car concrete driveway.

C$649000

Residential For Sale

155 Howe Avenue, Fall River Ns B2t 1h7

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

2Bathroom(s)

C$649000

Residential For Sale

3485 Highway 1 Lot 4c, Belliveaus Cove Ns B0w 3t0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

26Picture(s)

1,240Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

C$229000

Residential For Sale

3485 Highway 1 Lot 4c, Belliveaus Cove Ns B0w 3t0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,240Sqft

Listing courtesy of Engel & Volkers (Yarmouth)

Welcome to 3485 Highway 1 in Belliveau Cove, a two-bedroom, one-half bath home situated on a spacious corner lot with stunning ocean views. This 1,240 square-foot home offers a relaxing lifestyle, featuring a well-cared-for patio deck where you can enjoy colorful sunsets over St. Mary's Bay.

C$229000

Residential For Sale

3485 Highway 1 Lot 4c, Belliveaus Cove Ns B0w 3t0

Listing courtesy of Engel & Volkers (Yarmouth)

2Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

116 Egypt Road, Pleasant Lake Ns B5a 5j9

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

49Picture(s)

1,456Sqft

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

C$410000

Residential For Sale

116 Egypt Road, Pleasant Lake Ns B5a 5j9

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,456Sqft

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

One of a kind house built by local carpentry Gordie Gavel. Slightly used 14 year old large bungalow with 2 bedrooms and one bath, tucked away down a long driveway with a 30'0" x 50'0" double car garage situated on 19.5 acres of land only 6 minutes to Yarmouth. Upon entering the home, you will discover a large mud room with laundry, then into the open concept living space.

C$410000

Residential For Sale

116 Egypt Road, Pleasant Lake Ns B5a 5j9

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

2Bedroom(s)

1Bathroom(s)

C$410000

Residential For Sale

2-18 Mark Melanson Road, Little Brook Ns B0w 1m0

More Details

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

46Picture(s)

1,475Sqft

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

C$245000

Residential For Sale

2-18 Mark Melanson Road, Little Brook Ns B0w 1m0

4Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,475Sqft

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

This charming two-story home, located in the village of Little Brook within the Municipality of Clare, boasts an unbeatable location right across from the golf course. Perfect for a spacious family residence or an income-generating property, the main floor features a kitchen, living room, den, two bedrooms, a full bath, and a laundry room.

C$245000

Residential For Sale

2-18 Mark Melanson Road, Little Brook Ns B0w 1m0

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

4Bedroom(s)

2Bathroom(s)

C$245000

Residential For Sale

2871 Highway 206, Arichat Ns B0e 1a0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

21Picture(s)

2,184Sqft

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

C$309000

Residential For Sale

2871 Highway 206, Arichat Ns B0e 1a0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,184Sqft

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

This charming 42x28 bungalow offers spacious living in a highly sought-after location near local amenities, schools, and the scenic Pondville Beach Provincial Park. Featuring 3 bedrooms and 2 bathrooms, the home has been thoughtfully updated, including a remodeled kitchen with ample storage and a modernized bathroom.

C$309000

Residential For Sale

2871 Highway 206, Arichat Ns B0e 1a0

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

3Bedroom(s)

2Bathroom(s)

C$309000

Residential For Sale

79 Five Rivers Drive, White Point Ns B0t 1g0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

3,323Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$995000

Residential For Sale

79 Five Rivers Drive, White Point Ns B0t 1g0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,323Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Welcome to your oceanfront oasis! Nestled in the serene setting of White Point, this pristine property offers an unbeatable blend of natural beauty and refined living. Boasting four spacious bedrooms with the option of a fifth, and three well-appointed bathrooms, this home caters to comfort on every level.

C$995000

Residential For Sale

79 Five Rivers Drive, White Point Ns B0t 1g0

Listing courtesy of Engel & Volkers (Lunenburg)

4Bedroom(s)

3Bathroom(s)

C$995000

Residential For Sale

127 Ocean Stone Drive, Garden Lots Ns B0j 2c0

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

3,831Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$1797000

Residential For Sale

127 Ocean Stone Drive, Garden Lots Ns B0j 2c0

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,831Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Designed intentionally with a Euro-Coastal flair, Heron’s Perch blends comfort and flow with formality and function.

C$1797000

Residential For Sale

127 Ocean Stone Drive, Garden Lots Ns B0j 2c0

Listing courtesy of Engel & Volkers (Lunenburg)

3Bedroom(s)

4Bathroom(s)

C$1797000

Residential For Sale

44 Montague Street, Lunenburg Ns B0j 2c0

More Details

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

38Picture(s)

2,200Sqft

Listing courtesy of Sutton Group Professional Realty

C$795000

Residential For Sale

44 Montague Street, Lunenburg Ns B0j 2c0

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,200Sqft

Listing courtesy of Sutton Group Professional Realty

Ideally situated in the heart of the thriving Lunenburg waterfront, and overlooking the world-famous Fisheries Museum of the Atlantic. Old Town Lunenburg is one of only two urban communities to be designated as a UNESCO World Heritage site. The hustle and bustle extends from the working harbour to the vibrant waterfront and downtown. This unique property has many possibilities.

C$795000

Residential For Sale

44 Montague Street, Lunenburg Ns B0j 2c0

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$795000

4665 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

870 Union Street, Canso Ns B0h 1h0

Residential For Sale

Residential For Sale

Residential For Sale

608 Stanhope Street, South End Ns B3h 3a8

Residential For Sale

Residential For Sale

Residential For Sale

7753 Highway 308, Quinan Ns B0w 3m0

Residential For Sale

Residential For Sale

Residential For Sale

2165 St. Columba Road, Iona Ns B2c 1b6

Residential For Sale

Residential For Sale

Residential For Sale

155 Howe Avenue, Fall River Ns B2t 1h7

Residential For Sale

Residential For Sale

Residential For Sale

3485 Highway 1 Lot 4c, Belliveaus Cove Ns B0w 3t0

Residential For Sale

Residential For Sale

Residential For Sale

116 Egypt Road, Pleasant Lake Ns B5a 5j9

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.