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

1604 Maple Street, Kingston, NS B0P 1R0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,642Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$399900

Residential For Sale

1604 Maple Street, Kingston, NS B0P 1R0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,642Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

This 4 bed 2.5 bath home is sitting on a lovely lot, with a fantastic location! Enter into a spacious foyer, galley kitchen open to a good sized dining area (currently used as an office space) with patio doors to a large sunroom. Living room is nice & bright. Primary is on the main level, as well as the laundry room & 4 pc bath. Heat pump on main level, for energy efficient heating & cooling.

C$399900

Residential For Sale

1604 Maple Street, Kingston, NS B0P 1R0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

3Bathroom(s)

C$399900

Residential For Sale

38 Broadholme Lane, Halifax, NS B3M 3C1

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,402Sqft

Listing courtesy of Exit Real Estate Professionals

C$899900

Residential For Sale

38 Broadholme Lane, Halifax, NS B3M 3C1

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,402Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 38 Broadholme Lane, a striking contemporary chalet-style home that truly feels like it could be a mountain retreat. Yet it is only 18 minutes from downtown Halifax. Nestled in the highly sought-after Wedgewood subdivision of Kearney Lake, Nova Scotia, this one-of-a-kind property captures the essence of the original Beaumont design.

C$899900

Residential For Sale

38 Broadholme Lane, Halifax, NS B3M 3C1

Listing courtesy of Exit Real Estate Professionals

3Bedroom(s)

3Bathroom(s)

C$899900

Residential For Sale

5059 Louisbourg Highway, Mira Albert Bridge, NS B1K 3T9

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

38Picture(s)

832Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$199900

Residential For Sale

5059 Louisbourg Highway, Mira Albert Bridge, NS B1K 3T9

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

832Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to an ideal opportunity for peaceful country living just 20 minutes outside the city and five minutes from the scenic Mira River. The light-filled sunroom welcomes you in. There is an open concept kitchen and living area with a cozy corner wood stove. The primary bedroom and bathroom complete the main level.

C$199900

Residential For Sale

5059 Louisbourg Highway, Mira Albert Bridge, NS B1K 3T9

Listing courtesy of RE/MAX Park Place Inc.

2Bedroom(s)

2Bathroom(s)

C$199900

Residential For Sale

2780 Highway 2, Shubenacadie, NS B0N 2H0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

34Picture(s)

2,046Sqft

Listing courtesy of RE/MAX Nova

C$424900

Residential For Sale

2780 Highway 2, Shubenacadie, NS B0N 2H0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,046Sqft

Listing courtesy of RE/MAX Nova

Step into timeless elegance with this beautiful 4 bedroom, 2 bath century home nestled in the quaint and peaceful community of Shubenacadie, Nova Scotia. Brimming with character and warmth, this home offers the perfect blend of historic charm and modern comforts. The bright and spacious main floor features a cozy living room, formal dining area, and a large kitchen perfect for family gatherings.

C$424900

Residential For Sale

2780 Highway 2, Shubenacadie, NS B0N 2H0

Listing courtesy of RE/MAX Nova

4Bedroom(s)

2Bathroom(s)

C$424900

Residential For Sale

7187 Highway 329, East River, NS B0J 1T0

More Details

1Bedroom(s)

1Bathroom(s)

DoubleParking(s)

34Picture(s)

1,094Sqft

Listing courtesy of Engel & Volkers (Chester)

C$679000

Residential For Sale

7187 Highway 329, East River, NS B0J 1T0

1Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,094Sqft

Listing courtesy of Engel & Volkers (Chester)

Serenity on the Sea - Over 1000 feet of direct frontage on a sheltered cove, frequented by a variety of bird life, seals, otters plus private ownership of a 9000 sq. ft tidal island with a 60' sand beach is included. The four-season cottage was totally re-built in 2016 including wiring, plumbing, insulation, windows, flooring, kitchen, bathroom, decking, and now a brand new metal roof.

C$679000

Residential For Sale

7187 Highway 329, East River, NS B0J 1T0

Listing courtesy of Engel & Volkers (Chester)

1Bedroom(s)

1Bathroom(s)

C$679000

Residential For Sale

430 Heddas Way, Fall River, NS B2T 0M3

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

48Picture(s)

4,607Sqft

Listing courtesy of RE/MAX Nova

C$2100000

Residential For Sale

430 Heddas Way, Fall River, NS B2T 0M3

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,607Sqft

Listing courtesy of RE/MAX Nova

Stunning executive Lakefront Home in the sought after St Andrews West subdivision of Fall River. This former QE2 Grand Prize Lottery Home has spectacular attention to detail inside and out. Privately tucked down a long driveway overlooking Kinsac Lake, the property offers landscaped grounds, mature trees, lakeside fire pit, hot tub, and multiple points of easy water access.

C$2100000

Residential For Sale

430 Heddas Way, Fall River, NS B2T 0M3

Listing courtesy of RE/MAX Nova

4Bedroom(s)

4Bathroom(s)

C$2100000

Residential For Sale

40 Alabaster Way, Halifax, NS B3P 0E6

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

47Picture(s)

2,724Sqft

Listing courtesy of Royal LePage Atlantic

C$769999

Residential For Sale

40 Alabaster Way, Halifax, NS B3P 0E6

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,724Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 40 Alabaster Way – Nature, Comfort, and Convenience in Perfect Harmony! Nestled just steps from the tranquil waters of Colpitt Lake, this stunning family home offers the best of both worlds: serene natural surroundings with easy access to everything you need.

C$769999

Residential For Sale

40 Alabaster Way, Halifax, NS B3P 0E6

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$769999

Residential For Sale

8 Alderney Drive, Enfield, NS B2T 1J7

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

25Picture(s)

1,202Sqft

Listing courtesy of RE/MAX Nova

C$489900

Residential For Sale

8 Alderney Drive, Enfield, NS B2T 1J7

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,202Sqft

Listing courtesy of RE/MAX Nova

This beautifully updated 3-bedroom, 1-bathroom home is a true gem, nestled in the desirable Enfield subdivision, it sits on a beautiful double lot with plenty of room to relax, entertain, or expand. Step inside to a bright and open-concept living, dining, and kitchen area that’s perfect for modern living.

C$489900

Residential For Sale

8 Alderney Drive, Enfield, NS B2T 1J7

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$489900

Residential For Sale

22 Mariah Drive, Lantz, NS B2S 0G6

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

26Picture(s)

1,567Sqft

Listing courtesy of RE/MAX Nova

C$599900

Residential For Sale

22 Mariah Drive, Lantz, NS B2S 0G6

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,567Sqft

Listing courtesy of RE/MAX Nova

Welcome to this beautiful and modern 3-bedroom, 2.5-bathroom home located in a vibrant, family-friendly neighborhood in Lantz. Just one year old, this home offers stylish comfort and thoughtful design throughout. Inside you will discover a bright and spacious open-concept main floor, perfect for entertaining or relaxing with family.

C$599900

Residential For Sale

22 Mariah Drive, Lantz, NS B2S 0G6

Listing courtesy of RE/MAX Nova

3Bedroom(s)

3Bathroom(s)

C$599900

Residential For Sale

8 Dr Ernst Court, Bridgewater, NS B4V 9A3

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

33Picture(s)

1,624Sqft

Listing courtesy of EXIT Realty Inter Lake

C$495000

Residential For Sale

8 Dr Ernst Court, Bridgewater, NS B4V 9A3

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,624Sqft

Listing courtesy of EXIT Realty Inter Lake

Welcome to 8 Dr Ernst Court, perfectly situated in a great location close to everything you need! Just minutes from HB Studios Sports Centre, Rails to Trails, and Glen Allan Park, this property offers both convenience and lifestyle. Enjoy easy access to the hospital, shopping, restaurants, & all the amenities of town, while living in a peaceful, well-maintained neighborhood.

C$495000

Residential For Sale

8 Dr Ernst Court, Bridgewater, NS B4V 9A3

Listing courtesy of EXIT Realty Inter Lake

3Bedroom(s)

2Bathroom(s)

C$495000

Residential For Sale

520 Falkenham Road, East Dalhousie, NS B0R 1H0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

44Picture(s)

576Sqft

Listing courtesy of Exit Realty Town & Country

C$249900

Residential For Sale

520 Falkenham Road, East Dalhousie, NS B0R 1H0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

576Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to Cottage Country. Peace & tranquility await. This sweet cottage with rustic charm, and modern comforts has a beautiful treed landscaped lot, and deeded access to Lake Torment is only steps away. Enjoy fishing, boating, swimming or relaxing at the lake. Step inside to open concept kitchen with new appliances and large living room with natural light and a 1800 BTU heat pump.

C$249900

Residential For Sale

520 Falkenham Road, East Dalhousie, NS B0R 1H0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$249900

Residential For Sale

340-4565 Highway 340, Carleton, NS B5A 5P9

More Details

3Bedroom(s)

2Bathroom(s)

18Picture(s)

2,400Sqft

Listing courtesy of Trinav Realty

C$399500

Residential For Sale

340-4565 Highway 340, Carleton, NS B5A 5P9

3Bedroom(s)

2Bathroom(s)

2,400Sqft

Listing courtesy of Trinav Realty

This farmhouse was renovated in 1990's and offers 106 acres+- of softwood, hardwood and fields with 2000'+- of road frontage. The main floor offers a bedroom, full bath, living room, kitchen, sunroom and workshop. The 2nd story has 2 more bedrooms another full bath, reading area and a loft overlooking the kitchen. This home features wood beams and open spaces.

C$399500

Residential For Sale

340-4565 Highway 340, Carleton, NS B5A 5P9

Listing courtesy of Trinav Realty

3Bedroom(s)

2Bathroom(s)

C$399500

4614 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

1604 Maple Street, Kingston, NS B0P 1R0

Residential For Sale

Residential For Sale

Residential For Sale

38 Broadholme Lane, Halifax, NS B3M 3C1

Residential For Sale

Residential For Sale

Residential For Sale

5059 Louisbourg Highway, Mira Albert Bridge, NS B1K 3T9

Residential For Sale

Residential For Sale

Residential For Sale

2780 Highway 2, Shubenacadie, NS B0N 2H0

Residential For Sale

Residential For Sale

Residential For Sale

7187 Highway 329, East River, NS B0J 1T0

Residential For Sale

Residential For Sale

Residential For Sale

430 Heddas Way, Fall River, NS B2T 0M3

Residential For Sale

Residential For Sale

Residential For Sale

40 Alabaster Way, Halifax, NS B3P 0E6

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.