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

44 Tattenham Crescent, Hammonds Plains, NS B4B 1V2

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

43Picture(s)

2,656Sqft

Listing courtesy of Realty Connect Ltd.

C$749900

Residential For Sale

44 Tattenham Crescent, Hammonds Plains, NS B4B 1V2

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,656Sqft

Listing courtesy of Realty Connect Ltd.

Welcome to 44 Tattenham Crescent – a property where pride of ownership truly shines. This residence offers exceptional care both inside and out. Set on a beautifully landscaped lot, the yard is picture-perfect.

C$749900

Residential For Sale

44 Tattenham Crescent, Hammonds Plains, NS B4B 1V2

Listing courtesy of Realty Connect Ltd.

3Bedroom(s)

3Bathroom(s)

C$749900

Residential For Sale

2173 Maitland Street, Halifax, NS B3K 2Z8

More Details

2Bedroom(s)

2Bathroom(s)

AssignedParking(s)

35Picture(s)

1,370Sqft

Listing courtesy of Royal LePage Atlantic

C$549000

Residential For Sale

2173 Maitland Street, Halifax, NS B3K 2Z8

2Bedroom(s)

2Bathroom(s)

AssignedParking(s)

1,370Sqft

Listing courtesy of Royal LePage Atlantic

The Brickyard - Fantastic location, with all downtown amenities and destinations within walking distance, this is urban living at its best! This upper level 2 story Townhouse unit is a great place to call home. The main floor of this unit provides a spacious Living Room with walk-out balcony overlooking the landscaped courtyard.

C$549000

Residential For Sale

2173 Maitland Street, Halifax, NS B3K 2Z8

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$549000

Residential For Sale

West North River Road Lot 6, Upper Onslow, NS B6L 6Y2

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1Picture(s)

1,900Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$629000

Residential For Sale

West North River Road Lot 6, Upper Onslow, NS B6L 6Y2

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,900Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Custom New Build – Upper Onslow Experience the perfect blend of modern living and country charm with this upcoming custom-built home in Upper Onslow, just minutes from Truro. Nestled on a spacious 1.1-acre lot, this thoughtfully designed one-level home will offer comfort, style, and the opportunity to personalize finishes to suit your taste.

C$629000

Residential For Sale

West North River Road Lot 6, Upper Onslow, NS B6L 6Y2

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$629000

Residential For Sale

02-6 Pearlgarden Close, Dartmouth, NS B2X 0C2

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2Picture(s)

2,113Sqft

Listing courtesy of Royal LePage Atlantic

C$714900

Residential For Sale

02-6 Pearlgarden Close, Dartmouth, NS B2X 0C2

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,113Sqft

Listing courtesy of Royal LePage Atlantic

Discover modern comfort and flexibility in the "Becca" model at The Parks of Lake Charles, ideally located off Waverley Road in Dartmouth, Nova Scotia. This ground-level entry home redefines convenience and style with a host of desirable features. Step into luxury on Laminate flooring spanning all three levels, complemented by two elegant hardwood staircases.

C$714900

Residential For Sale

02-6 Pearlgarden Close, Dartmouth, NS B2X 0C2

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$714900

Residential For Sale

5231 Grand Mira North Road, Grand Mira North, NS B1K 1P9

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

23Picture(s)

1,180Sqft

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

C$355000

Residential For Sale

5231 Grand Mira North Road, Grand Mira North, NS B1K 1P9

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,180Sqft

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

Nestled along the scenic Mira River, this well-maintained, 3-bedroom home offers the perfect blend of comfort, convenience, and natural beauty—all on one level. The spacious layout features a large kitchen with a cozy eating area, ideal for family meals or entertaining guests, all while enjoying breathtaking views of the river.

C$355000

Residential For Sale

5231 Grand Mira North Road, Grand Mira North, NS B1K 1P9

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

3Bedroom(s)

1Bathroom(s)

C$355000

Residential For Sale

6157 Little Harbour Road, Kings Head, NS B2H 5C4

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

36Picture(s)

1,305Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

C$439990

Residential For Sale

6157 Little Harbour Road, Kings Head, NS B2H 5C4

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,305Sqft

Listing courtesy of Royal LePage Atlantic (Enfield)

Welcome to 6157 Little Harbour Rd. in beautiful Kings Head, Nova Scotia! Experience coastal living at its finest in this delightful 2-storey home, situated just steps away from the picturesque Melmerby Beach boardwalk. Whether you're looking for a year-round residence or the perfect summer getaway, this property is ideal for any lifestyle.

C$439990

Residential For Sale

6157 Little Harbour Road, Kings Head, NS B2H 5C4

Listing courtesy of Royal LePage Atlantic (Enfield)

2Bedroom(s)

1Bathroom(s)

C$439990

Residential For Sale

1 Pearlgarden Close, Dartmouth, NS B2X 0C3

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

30Picture(s)

2,626Sqft

Listing courtesy of Royal LePage Atlantic

C$823900

Residential For Sale

1 Pearlgarden Close, Dartmouth, NS B2X 0C3

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,626Sqft

Listing courtesy of Royal LePage Atlantic

This property is subject to a Quick Closing Incentive! Welcome to the upgraded Portland model by Cresco, a sophisticated 2,626 sqft residence in The Parks of Lake Charles. This meticulously designed basement garage home is fully finished and all 3 levels and features 4 bedrooms, 3.5 bathrooms, and an open-concept main floor with an office, living room, dining room, and family room.

C$823900

Residential For Sale

1 Pearlgarden Close, Dartmouth, NS B2X 0C3

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$823900

Residential For Sale

94 Pearlgarden Close, Dartmouth, NS B2X 0C2

More Details

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

6Picture(s)

3,009Sqft

Listing courtesy of Royal LePage Atlantic

C$862900

Residential For Sale

94 Pearlgarden Close, Dartmouth, NS B2X 0C2

4Bedroom(s)

4Bathroom(s)

WiredParking(s)

3,009Sqft

Listing courtesy of Royal LePage Atlantic

This property is subject to a Quick Closing Incentive! Welcome to The Sullivan II - an enlarged version of our popular Sullivan model, offering more living space on Pearlgarden's most premium lots at the end of the cul-de-sac with our largest backyards. This Cresco built 2-storey, 1.

C$862900

Residential For Sale

94 Pearlgarden Close, Dartmouth, NS B2X 0C2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$862900

Residential For Sale

13 Pearlgarden Close, Dartmouth, NS B2X 0C2

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

8Picture(s)

2,410Sqft

Listing courtesy of Royal LePage Atlantic

C$780900

Residential For Sale

13 Pearlgarden Close, Dartmouth, NS B2X 0C2

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,410Sqft

Listing courtesy of Royal LePage Atlantic

This property is subject to a Quick Closing Incentive! Unveiling The Wentworth by Cresco, an epitome of refined living at The Parks of Lake Charles. Boasting 2,410 sqft and fully finished on 3 levels, it has 4 bedrooms, 3.

C$780900

Residential For Sale

13 Pearlgarden Close, Dartmouth, NS B2X 0C2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$780900

Residential For Sale

5 Pearlgarden Close, Dartmouth, NS B2X 0C2

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

7Picture(s)

2,410Sqft

Listing courtesy of Royal LePage Atlantic

C$780900

Residential For Sale

5 Pearlgarden Close, Dartmouth, NS B2X 0C2

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,410Sqft

Listing courtesy of Royal LePage Atlantic

This property is subject to a Quick Closing incentive! Unveiling The Wentworth by Cresco, an epitome of refined living at The Parks of Lake Charles. Boasting 2,410 sqft and fully finished on 3 levels, it has 4 bedrooms, 3.

C$780900

Residential For Sale

5 Pearlgarden Close, Dartmouth, NS B2X 0C2

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$780900

Residential For Sale

48 Rustic Ridge, Upper Tantallon, NS B3Z 1L3

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

50Picture(s)

1,512Sqft

Listing courtesy of Exit Realty Metro

C$595000

Residential For Sale

48 Rustic Ridge, Upper Tantallon, NS B3Z 1L3

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,512Sqft

Listing courtesy of Exit Realty Metro

Welcome to 48 Rustic Ridge, a beautifully updated home tucked at the end of a quiet cul-de-sac in one of Upper Tantallon's most desirable neighborhoods. Set back on a private, tree-filled 30,753 sq ft lot, this property offers peace, privacy, and a natural setting just minutes from amenities.

C$595000

Residential For Sale

48 Rustic Ridge, Upper Tantallon, NS B3Z 1L3

Listing courtesy of Exit Realty Metro

3Bedroom(s)

3Bathroom(s)

C$595000

Residential For Sale

28 Ravenwood Drive, Nine Mile River, NS B2S 2Y1

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

1,792Sqft

Listing courtesy of Exit Realty Metro

C$582900

Residential For Sale

28 Ravenwood Drive, Nine Mile River, NS B2S 2Y1

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,792Sqft

Listing courtesy of Exit Realty Metro

Welcome to 28 Ravenwood Drive — a stunning brand-new build offering 3 bedrooms and 2 baths on a peaceful 1.3-acre lot in beautiful Nine Mile River, just minutes from Elmsdale. Designed with modern living in mind, this single-level home features an open-concept layout with 9-foot ceilings, stylish vinyl plank flooring, and a ductless heat pump for efficient year-round comfort.

C$582900

Residential For Sale

28 Ravenwood Drive, Nine Mile River, NS B2S 2Y1

Listing courtesy of Exit Realty Metro

3Bedroom(s)

2Bathroom(s)

C$582900

4285 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

44 Tattenham Crescent, Hammonds Plains, NS B4B 1V2

Residential For Sale

Residential For Sale

Residential For Sale

2173 Maitland Street, Halifax, NS B3K 2Z8

Residential For Sale

Residential For Sale

Residential For Sale

West North River Road Lot 6, Upper Onslow, NS B6L 6Y2

Residential For Sale

Residential For Sale

Residential For Sale

02-6 Pearlgarden Close, Dartmouth, NS B2X 0C2

Residential For Sale

Residential For Sale

Residential For Sale

5231 Grand Mira North Road, Grand Mira North, NS B1K 1P9

Residential For Sale

Residential For Sale

Residential For Sale

6157 Little Harbour Road, Kings Head, NS B2H 5C4

Residential For Sale

Residential For Sale

Residential For Sale

1 Pearlgarden Close, Dartmouth, NS B2X 0C3

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.