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

Lot 227 Surf Drive, Whites Lake, NS B3T 1W8

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

3Picture(s)

1,921Sqft

Listing courtesy of Engel & Volkers

C$649900

Residential For Sale

Lot 227 Surf Drive, Whites Lake, NS B3T 1W8

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,921Sqft

Listing courtesy of Engel & Volkers

On the scenic Lighthouse Route, Surf Drive offers residents the beauty and serenity of living near the ocean, without having to give up the convenience of the city. The Hollyhock is a gorgeous, contemporary split entry home, offering 4 bedrooms, 3 baths, approx. 2000 sq ft of living space.

C$649900

Residential For Sale

Lot 227 Surf Drive, Whites Lake, NS B3T 1W8

Listing courtesy of Engel & Volkers

4Bedroom(s)

3Bathroom(s)

C$649900

Residential For Sale

374 Alexandra Street, Sydney, NS B1S 2G4

More Details

3Bedroom(s)

1Bathroom(s)

9Picture(s)

1,126Sqft

Listing courtesy of RE/MAX Nova

C$199900

Residential For Sale

374 Alexandra Street, Sydney, NS B1S 2G4

3Bedroom(s)

1Bathroom(s)

1,126Sqft

Listing courtesy of RE/MAX Nova

374 Alexandra Street offers a practical housing option in a convenient, central location. This 1.5-storey home is situated close to everyday amenities, schools, shopping, and services, with easy access to public transit right on the bus route. The property provides a straightforward layout. Main level features living room, kitchen and dining room.

C$199900

Residential For Sale

374 Alexandra Street, Sydney, NS B1S 2G4

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

3381 Claremont Street, Halifax, NS B3L 3L6

More Details

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

44Picture(s)

1,815Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$600000

Residential For Sale

3381 Claremont Street, Halifax, NS B3L 3L6

3Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,815Sqft

Listing courtesy of EXP Realty of Canada Inc.

Located on a quiet, established stretch of Claremont Street in Halifax’s highly sought-after North End, this well-maintained family residence offers the kind of solid 1950s construction that buyers actively search for and rarely find. This home has been owned by a professional couple with an undeniable sense of long-term pride of ownership.

C$600000

Residential For Sale

3381 Claremont Street, Halifax, NS B3L 3L6

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$600000

Residential For Sale

69 Outrigger Cres, Halifax, NS B3M 4V9

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

48Picture(s)

1,980Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$589000

Residential For Sale

69 Outrigger Cres, Halifax, NS B3M 4V9

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

1,980Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Discover the charm of 69 Outrigger, perfectly nestled in the prestigious Hemlock Ravines community—a location known for its natural beauty, family-friendly atmosphere, and unbeatable convenience. Step inside to a welcoming main floor designed for everyday living and effortless entertaining.

C$589000

Residential For Sale

69 Outrigger Cres, Halifax, NS B3M 4V9

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

4Bathroom(s)

C$589000

Residential For Sale

13 Brow Of Mountain Road, Mountain Front, NS B0P 1J0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

27Picture(s)

1,292Sqft

Listing courtesy of Exit Realty Town & Country

C$220000

Residential For Sale

13 Brow Of Mountain Road, Mountain Front, NS B0P 1J0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,292Sqft

Listing courtesy of Exit Realty Town & Country

This affordable 3-bedroom, 1-bath homestead sits on a peaceful and private 3-acre country lot just minutes from scenic Halls Harbour and approx 15 minutes to Kentville, making it a great starter home or an ideal opportunity for someone handy who wants to build equity.

C$220000

Residential For Sale

13 Brow Of Mountain Road, Mountain Front, NS B0P 1J0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

1Bathroom(s)

C$220000

Residential For Sale

79 Elm Street, Bridgewater, NS B4V 2V5

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

6Picture(s)

924Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$155000

Residential For Sale

79 Elm Street, Bridgewater, NS B4V 2V5

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

924Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

This sweet little home needs some love! Great views, large rooms and high ceilings show its potential.

C$155000

Residential For Sale

79 Elm Street, Bridgewater, NS B4V 2V5

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$155000

Residential For Sale

310 Maloney Road, Admiral Rock, NS B0N 2H0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

9Picture(s)

1,180Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

C$399900

Residential For Sale

310 Maloney Road, Admiral Rock, NS B0N 2H0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,180Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

Brand New Build!!! Take a look at this one. Its currently ready for paint and will be completed by Feb 1 2026. Just under 1200 sq ft of living space with 3 bedrooms and 2 full bath with 9ft ceilings open concept living dinning and kitchen area wit no wasted space this home features electric baseboard heat and a heat pump, 5 appliances included all on 1 level living with 1.2 acres of privacy.

C$399900

Residential For Sale

310 Maloney Road, Admiral Rock, NS B0N 2H0

Listing courtesy of Viewpoint Realty Services Inc. (Elmsdale)

3Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

42 Liscomb Wharf Road, Liscomb, NS B0J 2A0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

49Picture(s)

1,296Sqft

Listing courtesy of Engel & Volkers

C$480000

Residential For Sale

42 Liscomb Wharf Road, Liscomb, NS B0J 2A0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,296Sqft

Listing courtesy of Engel & Volkers

Experience Coastal luxury living at its finest. This newly constructed, energy-efficient ICF home offers breathtaking sunrise views and spectacular night skies from a serene oceanfront setting. With 220ft of direct water frontage, a private beach, and a beautifully crafted rock wall shoreline, this property delivers an exceptional Nova Scotian lifestyle.

C$480000

Residential For Sale

42 Liscomb Wharf Road, Liscomb, NS B0J 2A0

Listing courtesy of Engel & Volkers

2Bedroom(s)

2Bathroom(s)

C$480000

Residential For Sale

2618 Highway 7, West Liscomb, NS B0J 2A0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

4Picture(s)

1,248Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

C$180000

Residential For Sale

2618 Highway 7, West Liscomb, NS B0J 2A0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,248Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

West Liscomb is known for its rugged coastline, forested landscapes, and proximity to the Liscomb River and Liscomb Harbour, making it ideal for outdoor enthusiasts. With its natural surroundings and easy access via Highway 7, this property offers excellent potential for a private residence or vacation property.

C$180000

Residential For Sale

2618 Highway 7, West Liscomb, NS B0J 2A0

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

2Bedroom(s)

1Bathroom(s)

C$180000

Residential For Sale

1397 Kolbec Road, Kolbec, NS B0M 1P0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

37Picture(s)

1,611Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$309000

Residential For Sale

1397 Kolbec Road, Kolbec, NS B0M 1P0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,611Sqft

Listing courtesy of RE/MAX Fairlane Realty

Welcome to a cozy property, nestled in a quiet location that offers the perfect blend of tranquility and convenience. The kitchen, dining room and living room are an open concept to allow the rooms to flow seamlessly together, making it ideal for modern living. This home also has 3 large bedrooms and 1.5 bathrooms, with one being just off the main bedroom.

C$309000

Residential For Sale

1397 Kolbec Road, Kolbec, NS B0M 1P0

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

2Bathroom(s)

C$309000

Residential For Sale

2005 East Prince Street, Salmon River, NS B2N 1K2

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

24Picture(s)

825Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$339900

Residential For Sale

2005 East Prince Street, Salmon River, NS B2N 1K2

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

825Sqft

Listing courtesy of RE/MAX Fairlane Realty

Come take a look at this cozy totally renovated home at 2005 East Prince Street. This home has a new steel roof, and the total interior has been renovated with new windows and flooring. There are new large decks front and back to enjoy the warm Summer days. The home has 2 bedrooms and 1 and a half bath.

C$339900

Residential For Sale

2005 East Prince Street, Salmon River, NS B2N 1K2

Listing courtesy of RE/MAX Fairlane Realty

2Bedroom(s)

2Bathroom(s)

C$339900

Residential For Sale

2282 Patrice Road, St. Joseph, NS B0W 1M0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

42Picture(s)

1,485Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$319990

Residential For Sale

2282 Patrice Road, St. Joseph, NS B0W 1M0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,485Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

Welcome to this charming 3 bedroom, 1 bath bungalow nestled near Church Point, Nova Scotia, in a friendly coastal community known for its welcoming atmosphere and everyday conveniences. The main level features a bright, sunny eat-in kitchen with patio doors leading to a private outdoor patio area, perfect for morning coffee or family gatherings.

C$319990

Residential For Sale

2282 Patrice Road, St. Joseph, NS B0W 1M0

Listing courtesy of Royal LePage Atlantic (Greenwood)

3Bedroom(s)

1Bathroom(s)

C$319990

3422 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

Lot 227 Surf Drive, Whites Lake, NS B3T 1W8

Residential For Sale

Residential For Sale

Residential For Sale

374 Alexandra Street, Sydney, NS B1S 2G4

Residential For Sale

Residential For Sale

Residential For Sale

3381 Claremont Street, Halifax, NS B3L 3L6

Residential For Sale

Residential For Sale

Residential For Sale

69 Outrigger Cres, Halifax, NS B3M 4V9

Residential For Sale

Residential For Sale

Residential For Sale

13 Brow Of Mountain Road, Mountain Front, NS B0P 1J0

Residential For Sale

Residential For Sale

Residential For Sale

79 Elm Street, Bridgewater, NS B4V 2V5

Residential For Sale

Residential For Sale

Residential For Sale

310 Maloney Road, Admiral Rock, NS B0N 2H0

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.