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

365 Bennett Street, New Glasgow, NS B2H 1X3

More Details

3Bedroom(s)

1Bathroom(s)

ConcreteParking(s)

26Picture(s)

1,581Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$279900

Residential For Sale

365 Bennett Street, New Glasgow, NS B2H 1X3

3Bedroom(s)

1Bathroom(s)

ConcreteParking(s)

1,581Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Nestled in a sought-after, family-friendly neighbourhood close to schools, shopping, and all amenities, this well-maintained 3-bedroom, 1-bath home offers the perfect mix of comfort and convenience. Step inside to find a mud room, great for kids and storage, and hardwood floors throughout the main living area and a bright dining room ideal for family gatherings.

C$279900

Residential For Sale

365 Bennett Street, New Glasgow, NS B2H 1X3

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

1Bathroom(s)

C$279900

Residential For Sale

12 Lorway Street, Louisbourg, NS B1C 2K1

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

27Picture(s)

1,140Sqft

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

C$259500

Residential For Sale

12 Lorway Street, Louisbourg, NS B1C 2K1

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,140Sqft

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

A 3 bedroom bungalow that has been well maintained by the current meticulous owner! Three bedrooms, a renovated bath with a walk-in shower, large living room, open to a formal dining room with patio doors to the deck and a modern kitchen with lots of maple cabinets. Maple hardwood and ceramic floors throughout the main floor of the home.

C$259500

Residential For Sale

12 Lorway Street, Louisbourg, NS B1C 2K1

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

3Bedroom(s)

1Bathroom(s)

C$259500

Residential For Sale

42 Lorway, Sydney, NS B1P 4Z2

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

50Picture(s)

1,670Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$249000

Residential For Sale

42 Lorway, Sydney, NS B1P 4Z2

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,670Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to 42 Lorway Avenue, Sydney! This character-filled home is ideally located within walking distance to downtown Sydney and beautiful Wentworth Park. Showcasing timeless craftsmanship, the home features rich wooden trim throughout, complemented by hardwood and tile floors that bring warmth and charm to every room.

C$249000

Residential For Sale

42 Lorway, Sydney, NS B1P 4Z2

Listing courtesy of RE/MAX Park Place Inc.

4Bedroom(s)

2Bathroom(s)

C$249000

Residential For Sale

13763 Cabot Trail, Point Cross, NS B0E 1H0

More Details

7Bedroom(s)

3Bathroom(s)

DetachedParking(s)

34Picture(s)

1,684Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

C$359000

Residential For Sale

13763 Cabot Trail, Point Cross, NS B0E 1H0

7Bedroom(s)

3Bathroom(s)

DetachedParking(s)

1,684Sqft

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

Welcome to 13763 Cabot Trail, a charming 1.5-storey home offering endless possibilities in the scenic community of Point Cross, just minutes from Chéticamp, Cape Breton Highlands National Park, beaches, and all local amenities.

C$359000

Residential For Sale

13763 Cabot Trail, Point Cross, NS B0E 1H0

Listing courtesy of Cape Breton Realty (Port Hawkesbury)

7Bedroom(s)

3Bathroom(s)

C$359000

Residential For Sale

6999 Highway 3, Hunts Point, NS B0T 1G0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

43Picture(s)

4,172Sqft

Listing courtesy of Sotheby's International Realty Canada

C$2299000

Residential For Sale

6999 Highway 3, Hunts Point, NS B0T 1G0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

4,172Sqft

Listing courtesy of Sotheby's International Realty Canada

Nestled on over five acres of pristine oceanfront land, this contemporary coastal home embodies refined luxury and complete privacy. Beautifully landscaped gardens with beach stone-lined paths lead directly to the rugged shoreline, creating a serene and picturesque retreat. Inside, a grand entrance welcomes you with an Ingo Maurer fixture that sets the tone for the home’s elegance.

C$2299000

Residential For Sale

6999 Highway 3, Hunts Point, NS B0T 1G0

Listing courtesy of Sotheby's International Realty Canada

4Bedroom(s)

3Bathroom(s)

C$2299000

Residential For Sale

1093 Sherman Belcher Road, Centreville, NS B0P 1J0

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

32Picture(s)

1,984Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

C$675000

Residential For Sale

1093 Sherman Belcher Road, Centreville, NS B0P 1J0

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

1,984Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

Welcome to this stunning custom-built home packed with features designed for quality family time and entertaining. The open concept living room boasts cathedral ceilings, flooding the space with natural light. Built-in cabinets are found throughout, with two bedrooms and a bathroom on one side of the house, and a spacious family room or potential third main floor bedroom and bathroom on the other.

C$675000

Residential For Sale

1093 Sherman Belcher Road, Centreville, NS B0P 1J0

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

3Bedroom(s)

3Bathroom(s)

C$675000

Residential For Sale

139 Delmerle Drive, Whites Lake, NS B3T 1W9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

49Picture(s)

3,020Sqft

Listing courtesy of Keller Williams Select Realty

C$674900

Residential For Sale

139 Delmerle Drive, Whites Lake, NS B3T 1W9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,020Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 139 Delmerle Drive in this sought after, quiet, family friendly neighbourhood in Whites Lake, Prospect Communities.

C$674900

Residential For Sale

139 Delmerle Drive, Whites Lake, NS B3T 1W9

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

3Bathroom(s)

C$674900

Residential For Sale

3 Autumn Drive, Berwick, NS B0P 1E0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

25Picture(s)

1,115Sqft

Listing courtesy of Exit Realty Town & Country

C$469900

Residential For Sale

3 Autumn Drive, Berwick, NS B0P 1E0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,115Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to this charming 2-bedroom, 2-bath bungalow located in the highly sought-after Town of Berwick. Perfectly situated within walking distance to local amenities, scenic recreation trails, and offering quick highway access for commuters, this home combines comfort and convenience in one desirable package.

C$469900

Residential For Sale

3 Autumn Drive, Berwick, NS B0P 1E0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

2Bathroom(s)

C$469900

Residential For Sale

10250 Highway 4, Broadway, NS B0K 1G0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

41Picture(s)

1,688Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$269000

Residential For Sale

10250 Highway 4, Broadway, NS B0K 1G0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,688Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Beautiful country home conveniently located minutes from the main highway which makes the property a desirable location for people looking to commute to either New Glasgow or Antigonish while still having all the tranquility that country living offers.

C$269000

Residential For Sale

10250 Highway 4, Broadway, NS B0K 1G0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$269000

Residential For Sale

82 Port Clyde Road, Clyde River, NS B0W 1E0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

15Picture(s)

792Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$139000

Residential For Sale

82 Port Clyde Road, Clyde River, NS B0W 1E0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

792Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

Step into this freshly updated mobile home featuring an open concept design seamlessly blending the kitchen and living room. The spacious layout creates a welcoming atmosphere, perfect for entertaining guests or enjoying family gatherings. There is an addition of a good sized mudroom perfect for adding some closets and storage cabinets.

C$139000

Residential For Sale

82 Port Clyde Road, Clyde River, NS B0W 1E0

Listing courtesy of Keller Williams Select Realty (Shelburne)

3Bedroom(s)

1Bathroom(s)

C$139000

Residential For Sale

43 Summit Ridge Road, Vaughan, NS B0N 2T0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

41Picture(s)

850Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$379900

Residential For Sale

43 Summit Ridge Road, Vaughan, NS B0N 2T0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

850Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome to this beautifully crafted brand new 2 bedroom, 1 bath bungalow, perfectly designed for easy living in the heart of cottage country. Step inside to find modern comfort throughout, featuring durable vinyl plank flooring, elegant quartz countertops, and a bright, open-concept layout ideal for both relaxing and entertaining.

C$379900

Residential For Sale

43 Summit Ridge Road, Vaughan, NS B0N 2T0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

2Bedroom(s)

1Bathroom(s)

C$379900

Residential For Sale

215 Cloverdale Drive, Martock, NS B0N 2T0

More Details

7Bedroom(s)

6Bathroom(s)

AttachedParking(s)

40Picture(s)

6,411Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

C$995000

Residential For Sale

215 Cloverdale Drive, Martock, NS B0N 2T0

7Bedroom(s)

6Bathroom(s)

AttachedParking(s)

6,411Sqft

Listing courtesy of RE/MAX NOVA (Windsor)

Located along the Avon River with 300' of waterfront, this multi-unit offers exceptional opportunity for owner occupied income property, multi-generational living, or adding to your investment portfolio. The main house is a split entry with open kitchen, dining, and living space, a primary bedroom with private lounge space, and a 4 piece bath.

C$995000

Residential For Sale

215 Cloverdale Drive, Martock, NS B0N 2T0

Listing courtesy of RE/MAX NOVA (Windsor)

7Bedroom(s)

6Bathroom(s)

C$995000

4291 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

365 Bennett Street, New Glasgow, NS B2H 1X3

Residential For Sale

Residential For Sale

Residential For Sale

12 Lorway Street, Louisbourg, NS B1C 2K1

Residential For Sale

Residential For Sale

Residential For Sale

42 Lorway, Sydney, NS B1P 4Z2

Residential For Sale

Residential For Sale

Residential For Sale

13763 Cabot Trail, Point Cross, NS B0E 1H0

Residential For Sale

Residential For Sale

Residential For Sale

6999 Highway 3, Hunts Point, NS B0T 1G0

Residential For Sale

Residential For Sale

Residential For Sale

1093 Sherman Belcher Road, Centreville, NS B0P 1J0

Residential For Sale

Residential For Sale

Residential For Sale

139 Delmerle Drive, Whites Lake, NS B3T 1W9

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.