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

316 Brinton Road, Port Lorne Ns B0s 1l0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

44Picture(s)

2,196Sqft

Listing courtesy of Century 21 All Points

C$624900

Residential For Sale

316 Brinton Road, Port Lorne Ns B0s 1l0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

2,196Sqft

Listing courtesy of Century 21 All Points

This charming 2-bedroom bungalow is nestled in a quiet neighbourhood, offering a serene escape on 24 partially cleared acres, perfect for outdoor enthusiasts and nature lovers. The property boasts breathtaking views of the Bay of Fundy and stunning sunsets, providing a picturesque setting for relaxation and enjoyment.

C$624900

Residential For Sale

316 Brinton Road, Port Lorne Ns B0s 1l0

Listing courtesy of Century 21 All Points

2Bedroom(s)

1Bathroom(s)

C$624900

Residential For Sale

3 Princess Street, Springhill Ns B0m 1x0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

32Picture(s)

1,022Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$99900

Residential For Sale

3 Princess Street, Springhill Ns B0m 1x0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,022Sqft

Listing courtesy of RE/MAX Fairlane Realty

Come take a look at this home with great potential as either an investment, or for a family! Strap on that tool belt & make this home, full of opportunity, your own! 3 bedrooms, a large kitchen, dining room, family & Livingroom there is ample space for everyone. Relax on the covered back deck overlooking the spacious yard for those nice fall evenings.

C$99900

Residential For Sale

3 Princess Street, Springhill Ns B0m 1x0

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

1Bathroom(s)

C$99900

Residential For Sale

803 6 Highway, Marshville Ns B0k 1n0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

43Picture(s)

2,850Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

C$595000

Residential For Sale

803 6 Highway, Marshville Ns B0k 1n0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,850Sqft

Listing courtesy of Sunrise Brokerage & Sales Ltd.

The 3-bedroom 2 bath century farmhouse is the jewel of this property! Thorough renovations and all essential infrastructure has been upgraded. The main floor has been reshaped for function as a working farmhouse and family home, and there’s lots of room for new owners to add their own inspirations. The entire property has been extensively upgraded and renovated over the last decade plus.

C$595000

Residential For Sale

803 6 Highway, Marshville Ns B0k 1n0

Listing courtesy of Sunrise Brokerage & Sales Ltd.

3Bedroom(s)

2Bathroom(s)

C$595000

Residential For Sale

97 Macintosh Road, Port Shoreham Ns B0h 1g0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

1,350Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

C$399900

Residential For Sale

97 Macintosh Road, Port Shoreham Ns B0h 1g0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,350Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

3 bedroom 1.5 bath full undeveloped with walkout basement family home.

C$399900

Residential For Sale

97 Macintosh Road, Port Shoreham Ns B0h 1g0

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

3Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

76 Montague Row, Digby Ns B0v 1a0

More Details

8Bedroom(s)

10Bathroom(s)

DetachedParking(s)

50Picture(s)

4,904Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$1049000

Residential For Sale

76 Montague Row, Digby Ns B0v 1a0

8Bedroom(s)

10Bathroom(s)

DetachedParking(s)

4,904Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome to 76 Montague Row, built in 1903 and widely known as “The Tupper” It was the former home of H.Tupper Warne. Over the years it has continued to be lovingly brought back to life and is waiting for its new owners to put their finishing touches on it.

C$1049000

Residential For Sale

76 Montague Row, Digby Ns B0v 1a0

Listing courtesy of Royal LePage Atlantic (Greenwood)

8Bedroom(s)

10Bathroom(s)

C$1049000

Residential For Sale

875 Beech Hill Road, Beech Hill Farms Ns B0t 1g0

More Details

2Bedroom(s)

2Bathroom(s)

CarportParking(s)

18Picture(s)

1,559Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$425000

Residential For Sale

875 Beech Hill Road, Beech Hill Farms Ns B0t 1g0

2Bedroom(s)

2Bathroom(s)

CarportParking(s)

1,559Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Your slice of paradise is here, with a bungalow on 52 acres of hardwood and softwood bush. Enjoy nature at its best. You're only 5 minutes away to walk the sand ocean beach, at Hunts Point and 10 minutes to Summerville Beach Park, and another sand ocean beach. Enjoy the Quarterdeck Restaurant, or the White Point Resort is 10 minutes further, for golfing and restaurants.

C$425000

Residential For Sale

875 Beech Hill Road, Beech Hill Farms Ns B0t 1g0

Listing courtesy of Engel & Volkers (Lunenburg)

2Bedroom(s)

2Bathroom(s)

C$425000

Residential For Sale

166 Ritchie Street, Annapolis Royal Ns B0s 1a0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

1,603Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

C$484000

Residential For Sale

166 Ritchie Street, Annapolis Royal Ns B0s 1a0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,603Sqft

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

Lovingly maintained century home in the sought-after community of Annapolis Royal. Set on a quiet side street on a large, tastefully landscaped lot, this property is perfect for anyone wishing to experience the delights of smalltown living.

C$484000

Residential For Sale

166 Ritchie Street, Annapolis Royal Ns B0s 1a0

Listing courtesy of RE/MAX Banner Real Estate(Annapolis Royal)

3Bedroom(s)

2Bathroom(s)

C$484000

Residential For Sale

148 Alpine Drive, Wittenburg Ns B0n 2j0

More Details

4Bedroom(s)

1Bathroom(s)

SingleParking(s)

17Picture(s)

753Sqft

Listing courtesy of Hants Realty Ltd.

C$139900

Residential For Sale

148 Alpine Drive, Wittenburg Ns B0n 2j0

4Bedroom(s)

1Bathroom(s)

SingleParking(s)

753Sqft

Listing courtesy of Hants Realty Ltd.

Welcome to your ideal hunting retreat or country cottage in Wittenburg, Nova Scotia! This 28.4x26.7 one level bungalow sits on a private 5 acre woodlot perfect for outdoor enthusiasts seeking access to nearby ATV trails and hunting grounds. Built around the year 2000, this 4 bedroom, 1 bath cottage offers the serenity of rural living while being designed as a rustic getaway.

C$139900

Residential For Sale

148 Alpine Drive, Wittenburg Ns B0n 2j0

Listing courtesy of Hants Realty Ltd.

4Bedroom(s)

1Bathroom(s)

C$139900

Residential For Sale

5057 Bondi Drive, Middle Sackville Ns B0n 1z0

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

1Picture(s)

3,424Sqft

Listing courtesy of Sutton Group Professional Realty

C$1124900

Residential For Sale

5057 Bondi Drive, Middle Sackville Ns B0n 1z0

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,424Sqft

Listing courtesy of Sutton Group Professional Realty

Introducing The Quincey by Marchand Homes, a stunning executive two-storey house plan to be built, 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$1124900

Residential For Sale

5057 Bondi Drive, Middle Sackville Ns B0n 1z0

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

4Bathroom(s)

C$1124900

Residential For Sale

2324 Truro Road, Westville Ns B0k 2a0

More Details

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

43Picture(s)

1,223Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$329500

Residential For Sale

2324 Truro Road, Westville Ns B0k 2a0

4Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,223Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

This well maintained home is situated on a large 40,000 SqFt lot on the Truro Rd. Just minutes from the TCH Big Stop exit and local amenities. This split level home offers a cozy living room, modern, spacious eat in kitchen that was recently updated and patio doors walking out to the back deck. Upstairs you'll also find 2 bedrooms and a full bath.

C$329500

Residential For Sale

2324 Truro Road, Westville Ns B0k 2a0

Listing courtesy of Royal LePage Atlantic(Stellarton)

4Bedroom(s)

1Bathroom(s)

C$329500

Residential For Sale

116 Poplar Drive, New Russell Ns B0j 2m0

More Details

1Bedroom(s)

OtherParking(s)

15Picture(s)

492Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$84000

Residential For Sale

116 Poplar Drive, New Russell Ns B0j 2m0

1Bedroom(s)

OtherParking(s)

492Sqft

Listing courtesy of MacKay Real Estate Ltd.

Escape to this quiet cabin, perfect for creating your dream recreational retreat. Nestled in a peaceful lakeside community, this cozy getaway offers a great foundation for customization. The property includes a vintage wood-fired kitchen stove (currently not hooked up) and wiring for generator use, though it hasn’t been used in years.

C$84000

Residential For Sale

116 Poplar Drive, New Russell Ns B0j 2m0

Listing courtesy of MacKay Real Estate Ltd.

1Bedroom(s)

C$84000

Residential For Sale

1613 Caribou Island Road, Caribou Island Ns B0k 1h0

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

22Picture(s)

1,000Sqft

Listing courtesy of Easy List Realty Ltd.

C$599900

Residential For Sale

1613 Caribou Island Road, Caribou Island Ns B0k 1h0

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,000Sqft

Listing courtesy of Easy List Realty Ltd.

For more information, please click the "More Information" button below. Private oceanfront & beachfront property on Caribou Island. This 1000 sqft, 3 season cottage is situated on a very large, completely private, and flat 1.4 acre lot, with an astounding 300 hundred feet of direct oceanfront and beachfront on the Northumberland Strait.

C$599900

Residential For Sale

1613 Caribou Island Road, Caribou Island Ns B0k 1h0

Listing courtesy of Easy List Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$599900

4663 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

316 Brinton Road, Port Lorne Ns B0s 1l0

Residential For Sale

Residential For Sale

Residential For Sale

3 Princess Street, Springhill Ns B0m 1x0

Residential For Sale

Residential For Sale

Residential For Sale

803 6 Highway, Marshville Ns B0k 1n0

Residential For Sale

Residential For Sale

Residential For Sale

97 Macintosh Road, Port Shoreham Ns B0h 1g0

Residential For Sale

Residential For Sale

Residential For Sale

76 Montague Row, Digby Ns B0v 1a0

Residential For Sale

Residential For Sale

Residential For Sale

875 Beech Hill Road, Beech Hill Farms Ns B0t 1g0

Residential For Sale

Residential For Sale

Residential For Sale

166 Ritchie Street, Annapolis Royal Ns B0s 1a0

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.