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

404-5684 West Street, Halifax, NS B3K 1H7

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

22Picture(s)

533Sqft

Listing courtesy of Royal LePage Atlantic

C$399900

Residential For Sale

404-5684 West Street, Halifax, NS B3K 1H7

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

533Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to Unit 404 at 5684 West Street — a stylish one-bedroom condo in the heart of Halifax’s vibrant North End. Built just two years ago, this modern, pet-friendly building features a bright, open-concept layout with floor-to-ceiling windows and a ductless heat pump for efficient year-round comfort.

C$399900

Residential For Sale

404-5684 West Street, Halifax, NS B3K 1H7

Listing courtesy of Royal LePage Atlantic

1Bedroom(s)

1Bathroom(s)

C$399900

Residential For Sale

2576 Creighton Street, Halifax, NS B3K 3S4

More Details

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

27Picture(s)

1,044Sqft

Listing courtesy of Royal LePage Atlantic

C$450000

Residential For Sale

2576 Creighton Street, Halifax, NS B3K 3S4

3Bedroom(s)

1Bathroom(s)

NoneParking(s)

1,044Sqft

Listing courtesy of Royal LePage Atlantic

2576 Creighton Street presents an exceptional opportunity for investors, builders, or renovators looking to create value in one of Halifax’s most walkable and vibrant neighbourhoods. This 3-bedroom, 1-bath, 1,043 square foot two-story home sits on a level 2,312 square foot lot with desirable southwest-facing backyard exposure, offering plenty of natural light and outdoor potential.

C$450000

Residential For Sale

2576 Creighton Street, Halifax, NS B3K 3S4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

1Bathroom(s)

C$450000

Residential For Sale

2126 Hillside Road, Marion Bridge, NS B1K 1C2

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

41Picture(s)

1,765Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$349000

Residential For Sale

2126 Hillside Road, Marion Bridge, NS B1K 1C2

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,765Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Comfort, Space & Modern Living at 2126 Hillside Road, Marion Bridge! This 12-year-young home sits on a generous 1.74-acre lot in the scenic community of Marion Bridge. Offering 1765 sq ft of well-designed living space, the main level features an inviting open-concept layout that seamlessly blends the living, dining, and kitchen areas, perfect for entertaining or family living.

C$349000

Residential For Sale

2126 Hillside Road, Marion Bridge, NS B1K 1C2

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

2Bathroom(s)

C$349000

Residential For Sale

462 Herring Cove Road, Spryfield, NS B3R 1W6

More Details

11Bedroom(s)

6Bathroom(s)

13Picture(s)

4,900Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$1295000

Residential For Sale

462 Herring Cove Road, Spryfield, NS B3R 1W6

11Bedroom(s)

6Bathroom(s)

4,900Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Fantastic Investment Opportunity! Solid and well-maintained 6-unit building situated on a generous 7,500 sq. ft. R4-zoned lot—offering immediate income and exciting potential for future development or expansion. This property is in excellent condition with low deferred maintenance, making it a turnkey addition to any portfolio.

C$1295000

Residential For Sale

462 Herring Cove Road, Spryfield, NS B3R 1W6

Listing courtesy of Viewpoint Realty Services Inc.

11Bedroom(s)

6Bathroom(s)

C$1295000

Residential For Sale

59-2 Sunshine Lane, Vaughan, NS B0N 2T0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

46Picture(s)

1,752Sqft

Listing courtesy of Exit Realty Town & Country

C$615000

Residential For Sale

59-2 Sunshine Lane, Vaughan, NS B0N 2T0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,752Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to Falls Lake Resort! This charming three-bedroom, two-bath lakeside home on Murphy Lake offers the perfect retreat for families and outdoor lovers. The main floor features a spacious eat-in kitchen, a large bedroom, and a full bathroom. Upstairs, there are two big bedrooms and a second full bath.

C$615000

Residential For Sale

59-2 Sunshine Lane, Vaughan, NS B0N 2T0

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

2Bathroom(s)

C$615000

Residential For Sale

675 Ketch Harbour Road, Portuguese Cove, NS B3V 1K2

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

34Picture(s)

1,256Sqft

Listing courtesy of Exit Real Estate Professionals

C$429000

Residential For Sale

675 Ketch Harbour Road, Portuguese Cove, NS B3V 1K2

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,256Sqft

Listing courtesy of Exit Real Estate Professionals

Coastal charm meets modern comfort at 675 Ketch Harbour Road. This warm and inviting two-bedroom home is perfectly situated just 20 minutes from Halifax and a short walk from Duncan’s Cove trail and District Breaker Park.

C$429000

Residential For Sale

675 Ketch Harbour Road, Portuguese Cove, NS B3V 1K2

Listing courtesy of Exit Real Estate Professionals

2Bedroom(s)

1Bathroom(s)

C$429000

Residential For Sale

28 Forest Hill Road, Bridgewater, NS B4V 1T8

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

1,987Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

C$429000

Residential For Sale

28 Forest Hill Road, Bridgewater, NS B4V 1T8

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,987Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

Beautiful in Bridgewater! Built in 2012, this home blends modern convenience with energy efficiency and plenty of space to fit your lifestyle - all within walking distance to local schools. With three bedrooms, two full bathrooms, and multiple living areas, there's room for everyone.

C$429000

Residential For Sale

28 Forest Hill Road, Bridgewater, NS B4V 1T8

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

3Bedroom(s)

2Bathroom(s)

C$429000

Residential For Sale

5877 Gainsborough Place, Halifax, NS B3K 5R7

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,367Sqft

Listing courtesy of RE/MAX Nova

C$469000

Residential For Sale

5877 Gainsborough Place, Halifax, NS B3K 5R7

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,367Sqft

Listing courtesy of RE/MAX Nova

Welcome to 5877 Gainsborough Place – a stunningly renovated 2-bedroom, 2-bath townhouse condo in Halifax’s vibrant North End. Designed with modern living in mind, this home features an open-concept layout, quartz countertops in both the kitchen and bathrooms, and sleek finishes throughout.

C$469000

Residential For Sale

5877 Gainsborough Place, Halifax, NS B3K 5R7

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$469000

Residential For Sale

93 Crystalwood Drive, East Pennant, NS B3V 1L9

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

40Picture(s)

3,170Sqft

Listing courtesy of Sutton Group Professional Realty

C$799900

Residential For Sale

93 Crystalwood Drive, East Pennant, NS B3V 1L9

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,170Sqft

Listing courtesy of Sutton Group Professional Realty

This year round retreat offers peace and serenity and yet not too far from the madding crowd. Amazing ocean views of Pennant Bay from the open concept living room, dining room, primary bedroom and deck. This custom built house is nestled on a secluded and level 4.

C$799900

Residential For Sale

93 Crystalwood Drive, East Pennant, NS B3V 1L9

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

4Bathroom(s)

C$799900

Residential For Sale

80 Terag Lane, Lakevale, NS B2G 2L2

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

26Picture(s)

1,120Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

C$595000

Residential For Sale

80 Terag Lane, Lakevale, NS B2G 2L2

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,120Sqft

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

Perched above the sparkling waters of St. George's Bay, this rustic two bedroom retreat sits on a serene 4.3 acre parcel that exudes charm, offering peace, solitude, and breathtaking natural beauty. With over 400 ft. of beach frontage and an all-wood interior, this house is anchored by a hand-crafted fireplace built form stones located on the property.

C$595000

Residential For Sale

80 Terag Lane, Lakevale, NS B2G 2L2

Listing courtesy of ROYAL LEPAGE HIGHLAND PROPERTIES - D100

2Bedroom(s)

1Bathroom(s)

C$595000

Residential For Sale

28 Maple Avenue, Tatamagouche, NS B0K 1V0

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

48Picture(s)

2,015Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$339900

Residential For Sale

28 Maple Avenue, Tatamagouche, NS B0K 1V0

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,015Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

This well-maintained home offers 2,015 square feet of living space, featuring four bedrooms and two bathrooms. The main level includes a bedroom, laundry area, and a three-piece bathroom, providing convenient single-level living. It also features a dining room, kitchen, sunroom, living room, and family room—ideal for both everyday comfort and entertaining.

C$339900

Residential For Sale

28 Maple Avenue, Tatamagouche, NS B0K 1V0

Listing courtesy of Keller Williams Select Realty (Truro)

4Bedroom(s)

2Bathroom(s)

C$339900

Residential For Sale

5551 Stoneham, Halifax, NS B3K 4A6

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

21Picture(s)

1,650Sqft

Listing courtesy of Royal LePage Anchor Realty

C$419000

Residential For Sale

5551 Stoneham, Halifax, NS B3K 4A6

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,650Sqft

Listing courtesy of Royal LePage Anchor Realty

This affordable 3 bedroom townhouse on a quiet north Halifax Cul de sac is waiting for a new owner to make it their own! These well- designed Townhomes were Kaizer built and enjoy a healthy Condo Corporation and are very well maintained! The main level has a large eat in kitchen, open style living and dining room which opens to the balcony with a Harbour view.

C$419000

Residential For Sale

5551 Stoneham, Halifax, NS B3K 4A6

Listing courtesy of Royal LePage Anchor Realty

3Bedroom(s)

2Bathroom(s)

C$419000

4251 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

404-5684 West Street, Halifax, NS B3K 1H7

Residential For Sale

Residential For Sale

Residential For Sale

2576 Creighton Street, Halifax, NS B3K 3S4

Residential For Sale

Residential For Sale

Residential For Sale

2126 Hillside Road, Marion Bridge, NS B1K 1C2

Residential For Sale

Residential For Sale

Residential For Sale

462 Herring Cove Road, Spryfield, NS B3R 1W6

Residential For Sale

Residential For Sale

Residential For Sale

59-2 Sunshine Lane, Vaughan, NS B0N 2T0

Residential For Sale

Residential For Sale

Residential For Sale

675 Ketch Harbour Road, Portuguese Cove, NS B3V 1K2

Residential For Sale

Residential For Sale

Residential For Sale

28 Forest Hill Road, Bridgewater, NS B4V 1T8

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.