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

40 Silverwood Dr., Valley, NS B2N 6Y6

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

1,288Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$472000

Residential For Sale

40 Silverwood Dr., Valley, NS B2N 6Y6

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,288Sqft

Listing courtesy of Royal LePage Truro Real Estate

This very well kept home with pleasing layout offers plenty of space. The neighborhood is desirable, and the price is below average for the Valley community (based on MLS sales data for the last year). It is a short drive to highway access as well as the amenities of both Bible Hill and Truro.

C$472000

Residential For Sale

40 Silverwood Dr., Valley, NS B2N 6Y6

Listing courtesy of Royal LePage Truro Real Estate

3Bedroom(s)

2Bathroom(s)

C$472000

Residential For Sale

6 Placid Court, Yarmouth, NS B5A 4N5

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

32Picture(s)

1,628Sqft

Listing courtesy of The Real Estate Store

C$389900

Residential For Sale

6 Placid Court, Yarmouth, NS B5A 4N5

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,628Sqft

Listing courtesy of The Real Estate Store

6 Placid Court, Yarmouth. Well-maintained multi-level home offering 3 beds and 3 baths in a sought-after north end. Main level features a spacious living room, modern kitchen with updated finishes, and a bright dining area. Upper level includes three comfortable bedrooms, a full bath, and a convenient 2-pc ensuite off the primary.

C$389900

Residential For Sale

6 Placid Court, Yarmouth, NS B5A 4N5

Listing courtesy of The Real Estate Store

3Bedroom(s)

3Bathroom(s)

C$389900

Residential For Sale

41 Silver Maple Drive, Timberlea, NS B3T 1G6

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

22Picture(s)

1,325Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$419900

Residential For Sale

41 Silver Maple Drive, Timberlea, NS B3T 1G6

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,325Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Solidly built home in one of Timberlea’s most sought-after neighbourhoods, offering great bones and strong value-add potential. The functional main level includes a living room, dining area, kitchen, and convenient half bath. Upstairs are three bedrooms and a full 4-piece bathroom, while the lower level features a spacious rec room with flexible use.

C$419900

Residential For Sale

41 Silver Maple Drive, Timberlea, NS B3T 1G6

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$419900

Residential For Sale

5381 Highway 19, Judique, NS B0E 1P0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

2,004Sqft

Listing courtesy of Cape Breton Realty

C$299000

Residential For Sale

5381 Highway 19, Judique, NS B0E 1P0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,004Sqft

Listing courtesy of Cape Breton Realty

Located just a short distance from the Celtic Music Interpretive Centre and a short walk to the Celtic Shores Coastal Trail, this versatile property offers an excellent opportunity for homeownership with income potential. Set on a lovely lot with mature trees, shrubs, and a brook bordering the property, this approximately 2,000 sq. ft.

C$299000

Residential For Sale

5381 Highway 19, Judique, NS B0E 1P0

Listing courtesy of Cape Breton Realty

4Bedroom(s)

2Bathroom(s)

C$299000

Residential For Sale

76 James Roy Drive, Porters Lake, NS B3E 1H9

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

23Picture(s)

2,132Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$499900

Residential For Sale

76 James Roy Drive, Porters Lake, NS B3E 1H9

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,132Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to this lovely split level home on a quiet street in Porters Lake. Bright and airy, this home features a spacious living room with central fireplace, heat pump and hardwood floors.The eat-in kitchen opens to the living room and has a walkout to a private back deck. The main bath is spacious and the three main floor bedrooms have been nicely updated with feature walls.

C$499900

Residential For Sale

76 James Roy Drive, Porters Lake, NS B3E 1H9

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

11 Mill Road, Mount Uniacke, NS B0N 1Z0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

14Picture(s)

950Sqft

Listing courtesy of Keller Williams Select Realty

C$285000

Residential For Sale

11 Mill Road, Mount Uniacke, NS B0N 1Z0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

950Sqft

Listing courtesy of Keller Williams Select Realty

This cozy home offers a functional layout and an opportunity for a buyer to add their own updates and personal touches. The main level features a kitchen, living room, and dining area, along with a full bathroom and a bedroom. The lower level includes a rec room/utility space and an additional room currently used as a bedroom or home office (window does not meet egress requirements).

C$285000

Residential For Sale

11 Mill Road, Mount Uniacke, NS B0N 1Z0

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

1Bathroom(s)

C$285000

Residential For Sale

446 Ketch Harbour Road, Halibut Bay, NS B3V 1P7

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

46Picture(s)

6,019Sqft

Listing courtesy of Sotheby's International Realty Canada

C$3150000

Residential For Sale

446 Ketch Harbour Road, Halibut Bay, NS B3V 1P7

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

6,019Sqft

Listing courtesy of Sotheby's International Realty Canada

Some properties are defined not only by their setting, but by the experience they create. Set along unobstructed ocean frontage within The Breakers, this four-bedroom, four-bath estate offers panoramic views across Nova Scotia’s iconic shipping lanes, where the horizon is ever-changing and entirely uninterrupted.

C$3150000

Residential For Sale

446 Ketch Harbour Road, Halibut Bay, NS B3V 1P7

Listing courtesy of Sotheby's International Realty Canada

4Bedroom(s)

4Bathroom(s)

C$3150000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

More Details

2Bedroom(s)

1Bathroom(s)

41Picture(s)

696Sqft

Listing courtesy of 3% Realty Nova Scotia

C$389000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

2Bedroom(s)

1Bathroom(s)

696Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 328 Brickyard Road, Mira – a peaceful country retreat nestled on 39 acres of land, with water views and equestrian features. This charming 2-bedroom, 1-bathroom home offers a perfect blend of rural tranquility and modern comfort.

C$389000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

Listing courtesy of 3% Realty Nova Scotia

2Bedroom(s)

1Bathroom(s)

C$389000

Residential For Sale

Rear Boisdale, Boisdale, NS B2A 4B3

More Details

OtherParking(s)

44Picture(s)

624Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$125000

Residential For Sale

Rear Boisdale, Boisdale, NS B2A 4B3

OtherParking(s)

624Sqft

Listing courtesy of RE/MAX Park Place Inc.

Off-grid freedom awaits on this remarkable 45-acre retreat in the Upper Leitches Creek / rear Boisdale area. Tucked into a quiet valley with a cabin and a civic address, this property offers the rare combination of true privacy and year-round potential—no neighbours, no traffic, and nothing but the sounds of the creek and the forest.

C$125000

Residential For Sale

Rear Boisdale, Boisdale, NS B2A 4B3

Listing courtesy of RE/MAX Park Place Inc.

C$125000

Residential For Sale

201-248 Ross Street, Halifax, NS B3M 3Z6

More Details

2Bedroom(s)

2Bathroom(s)

UnassignedParking(s)

16Picture(s)

1,092Sqft

Listing courtesy of PG Direct Realty Ltd.

C$420000

Residential For Sale

201-248 Ross Street, Halifax, NS B3M 3Z6

2Bedroom(s)

2Bathroom(s)

UnassignedParking(s)

1,092Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. This calm and quiet, spacious two-level, 2-bedroom, 1.5-bath corner condo is ideally located in Rockingham Ridge and is filled with natural light from its many windows. The main level features a welcoming open entryway with a convenient powder room and front-entry closets.

C$420000

Residential For Sale

201-248 Ross Street, Halifax, NS B3M 3Z6

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$420000

Residential For Sale

206 Perrin Drive, Fall River, NS B2T 1J6

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

2,453Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$829900

Residential For Sale

206 Perrin Drive, Fall River, NS B2T 1J6

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,453Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 206 Perrin Drive, a well designed two storey home located in the highly sought after community of Fall River. Built just three and a half years ago, this home offers modern construction, quality finishes, and an efficient layout across all three levels.

C$829900

Residential For Sale

206 Perrin Drive, Fall River, NS B2T 1J6

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$829900

Residential For Sale

73 Church St., Inverness, NS B0E 2C0

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

47Picture(s)

1,110Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$279500

Residential For Sale

73 Church St., Inverness, NS B0E 2C0

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,110Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

This 4-bedroom, 2-bath home offers excellent potential for a multi-room rental. The main floor features a bedroom off the kitchen with an attached 2-piece bath, a spacious living room, and a dining room directly off the kitchen. The good-sized backyard has been partially landscaped with stonework and perennials.

C$279500

Residential For Sale

73 Church St., Inverness, NS B0E 2C0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

4Bedroom(s)

2Bathroom(s)

C$279500

3225 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

40 Silverwood Dr., Valley, NS B2N 6Y6

Residential For Sale

Residential For Sale

Residential For Sale

6 Placid Court, Yarmouth, NS B5A 4N5

Residential For Sale

Residential For Sale

Residential For Sale

41 Silver Maple Drive, Timberlea, NS B3T 1G6

Residential For Sale

Residential For Sale

Residential For Sale

5381 Highway 19, Judique, NS B0E 1P0

Residential For Sale

Residential For Sale

Residential For Sale

76 James Roy Drive, Porters Lake, NS B3E 1H9

Residential For Sale

Residential For Sale

Residential For Sale

11 Mill Road, Mount Uniacke, NS B0N 1Z0

Residential For Sale

Residential For Sale

Residential For Sale

446 Ketch Harbour Road, Halibut Bay, NS B3V 1P7

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.