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

116 Sherbrooke Avenue, Bridgewater, NS B4V 4G1

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

25Picture(s)

928Sqft

Listing courtesy of EXIT Realty Inter Lake

C$247700

Residential For Sale

116 Sherbrooke Avenue, Bridgewater, NS B4V 4G1

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

928Sqft

Listing courtesy of EXIT Realty Inter Lake

Say Hello to Easy Living at Lahave Heights! If you’ve been dreaming of a low-maintenance lifestyle without compromising comfort or style, this is it! This modern 5-year-old mini home is perfectly situated in the sought-after Lahave Heights community, offering the ideal blend of convenience, efficiency, and charm.

C$247700

Residential For Sale

116 Sherbrooke Avenue, Bridgewater, NS B4V 4G1

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$247700

Residential For Sale

187 Birdsong Lane, Hubley, NS B3Z 0T6

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

30Picture(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic

C$379900

Residential For Sale

187 Birdsong Lane, Hubley, NS B3Z 0T6

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic

Tucked away at the end of a cul-de-sac, this is worry-free living at it's best...a detached home without the maintenance surrounded by friendly neighbours and community. This lovely 2-bedroom/2-bath modular home is perfect for downsizers or first-timers alike, with a spacious single-level layout and lovely private treed backyard.

C$379900

Residential For Sale

187 Birdsong Lane, Hubley, NS B3Z 0T6

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$379900

Residential For Sale

168 Green Village Lane, Dartmouth, NS B2Y 0A2

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

12Picture(s)

1,309Sqft

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

C$409900

Residential For Sale

168 Green Village Lane, Dartmouth, NS B2Y 0A2

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,309Sqft

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

VACANT AND READY FOR A QUICK POSSESSION Welcome to upscale living in the heart of Dartmouth! Beautifully updated 2-bedroom, 2-bath condo with over 1,300 sq ft of bright, open-concept living space, nestled in a quiet, pet-friendly building with heated underground parking.

C$409900

Residential For Sale

168 Green Village Lane, Dartmouth, NS B2Y 0A2

Listing courtesy of FLAT RATE REALTY CANADA LTD - 15099

2Bedroom(s)

2Bathroom(s)

C$409900

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

20Picture(s)

852Sqft

Listing courtesy of RE/MAX Nova

C$181500

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

852Sqft

Listing courtesy of RE/MAX Nova

Live next to Rainbow Haven Beach for under 200K!This home is on the dyke area that runs behind Rainbow Haven Beach and is still surrounded by salt water. The sunsets/rises are amazing and the proximity to the ocean cannot be beat. The home has been lived in until about a yr ago but will require upgrades. The home is heated and insulated allowing for year round living if desired or.

C$181500

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$181500

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

20Picture(s)

852Sqft

Listing courtesy of RE/MAX Nova

C$181500

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

852Sqft

Listing courtesy of RE/MAX Nova

C$181500

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$181500

Residential For Sale

64 Archie Street, Antigonish, NS B2G 1L9

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

17Picture(s)

2,100Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$454900

Residential For Sale

64 Archie Street, Antigonish, NS B2G 1L9

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,100Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

RIVER BACKED LOT Well maintained 3 bedroom family home with 2 bedroom basement apartment located just a 5 minutes walk from all local schools. Main level entry is an attached porch with lots of built in storage units, panty and upright freezer, large eat-in kitchen, spacious living room with fireplace with electric insert. 3 bedrooms, full bath with laundry.

C$454900

Residential For Sale

64 Archie Street, Antigonish, NS B2G 1L9

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

5Bedroom(s)

2Bathroom(s)

C$454900

Residential For Sale

1878 Highway 330, Newellton, NS B0W 1P0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

25Picture(s)

768Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$199000

Residential For Sale

1878 Highway 330, Newellton, NS B0W 1P0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

768Sqft

Listing courtesy of RE/MAX Banner Real Estate

This beautifully renovated 2-bedroom, 1-bath bungalow offers stylish, low maintenance living on a cozy, manageable lot. Inside, you’ll find consistent vinyl plank flooring throughout and modern finishes that give the home a bright, welcoming feel. The open floor plan creates a comfortable flow, while the convenient in-bath laundry adds everyday functionality.

C$199000

Residential For Sale

1878 Highway 330, Newellton, NS B0W 1P0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$199000

Residential For Sale

8937 Pepperell Street, St. Peters, NS B0E 3B0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

28Picture(s)

1,732Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$495000

Residential For Sale

8937 Pepperell Street, St. Peters, NS B0E 3B0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,732Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

The only way to describe this property is incredible. Bras d'Or lake water front with over 166 feet of walk on frontage. Great spot for swimming, boating, whatever you prefer. Gentle slope to the shore and landscaped to the water. Southern exposure and panoramic view of the lake allows for incredible sun rises and sun sets.

C$495000

Residential For Sale

8937 Pepperell Street, St. Peters, NS B0E 3B0

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

2Bathroom(s)

C$495000

Residential For Sale

123 Lorne Street, Sydney, NS B1P 4H3

More Details

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

18Picture(s)

930Sqft

Listing courtesy of Royal LePage Atlantic

C$245000

Residential For Sale

123 Lorne Street, Sydney, NS B1P 4H3

3Bedroom(s)

2Bathroom(s)

PavedParking(s)

930Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to this beautifully renovated home featuring 3 spacious bedrooms and 2 full bathrooms. Ideally located in one of Sydney’s most convenient areas, this property offers everything you need for comfortable and modern living. Just steps away from No Frills, Value Village, Starbucks, and KFC, this home sits in the heart of a vibrant commercial district.

C$245000

Residential For Sale

123 Lorne Street, Sydney, NS B1P 4H3

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$245000

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

More Details

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

50Picture(s)

1,056Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$354900

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,056Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Welcome to your dream escape! Nestled on 1.27 beautifully landscaped acres this truly unique property offers privacy, charm, and views of the Northumberland Strait. Whether you're seeking a peaceful year-round residence, a charming vacation home, or an income-generating retreat, this home offers it all.Step inside the home and experience a bright, open-concept layout.

C$354900

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$354900

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

More Details

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

50Picture(s)

1,056Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$354900

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

2Bedroom(s)

1Bathroom(s)

Circular DrivewayParking(s)

1,056Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$354900

Residential For Sale

9295 Hwy#366 Highway, Port Howe, NS B0K 1K0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$354900

Residential For Sale

213 Cusack Drive, Sydney, NS B1P 3W8

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

28Picture(s)

1,116Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$236000

Residential For Sale

213 Cusack Drive, Sydney, NS B1P 3W8

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,116Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Located on a quiet Dead-end street in a good neighbourhood. Three bedrooms One storey design house located in the Ashby area of Sydney. Well maintained over the years. 62x100ft parcel of land with a paved driveway and a good sized back yard. The basement has one room finished and offers great potential for additional future development.

C$236000

Residential For Sale

213 Cusack Drive, Sydney, NS B1P 3W8

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

1Bathroom(s)

C$236000

4320 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

116 Sherbrooke Avenue, Bridgewater, NS B4V 4G1

Residential For Sale

Residential For Sale

Residential For Sale

187 Birdsong Lane, Hubley, NS B3Z 0T6

Residential For Sale

Residential For Sale

Residential For Sale

168 Green Village Lane, Dartmouth, NS B2Y 0A2

Residential For Sale

Residential For Sale

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

Residential For Sale

Residential For Sale

Residential For Sale

2327 Cow Bay Road, Cow Bay, NS B3G 1K8

Residential For Sale

Residential For Sale

Residential For Sale

64 Archie Street, Antigonish, NS B2G 1L9

Residential For Sale

Residential For Sale

Residential For Sale

1878 Highway 330, Newellton, NS B0W 1P0

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.