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

619-45 Vimy Avenue, Halifax, NS B3M 4C5

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

18Picture(s)

914Sqft

Listing courtesy of Verve Realty Group

C$399900

Residential For Sale

619-45 Vimy Avenue, Halifax, NS B3M 4C5

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

914Sqft

Listing courtesy of Verve Realty Group

Beautiful 2 bedroom, 2 bath condo with stunning basin views. On bus routes, 15 minutes to downtown, 5 minutes to Canada Games centre and shopping. Open layout for living room, dining room and Kitchen, both bedrooms are a good size. Engineered hardwood floor throughout with ceramic in kitchen and baths. in suite laundry. out door parking, however indoor is available with a wait list.

C$399900

Residential For Sale

619-45 Vimy Avenue, Halifax, NS B3M 4C5

Listing courtesy of Verve Realty Group

2Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

167 Prince Albert Street, Pugwash, NS B0K 1L0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

37Picture(s)

1,022Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$174900

Residential For Sale

167 Prince Albert Street, Pugwash, NS B0K 1L0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,022Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

Rare Opportunity! Potential 2 bedroom home, on an established lot with beautiful 2 story 24*24 garage! …with views of Pugwash Harbour! The specular property is just waiting for an investor/new owner to design the way they wish!! The potential here is endless: family home, multi-generational property, Air B&B business/Office space, Sr rental spaces and much more! The property is located just 20 m

C$174900

Residential For Sale

167 Prince Albert Street, Pugwash, NS B0K 1L0

Listing courtesy of RE/MAX County Line Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$174900

Residential For Sale

275 Harris Road, Haliburton, NS B0K 1H0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

47Picture(s)

2,943Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$532000

Residential For Sale

275 Harris Road, Haliburton, NS B0K 1H0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,943Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to your own private retreat! Nestled on 7 picturesque acres, this beautifully updated four-bedroom, three-bath bungalow offers peace, privacy, and a park-like setting just minutes from all amenities. Whether you’re relaxing on the wrap-around deck, enjoying evenings by the fire pit, or unwinding in the gazebo, this property is made for year-round enjoyment.

C$532000

Residential For Sale

275 Harris Road, Haliburton, NS B0K 1H0

Listing courtesy of Blinkhorn Real Estate Ltd.

4Bedroom(s)

3Bathroom(s)

C$532000

Residential For Sale

1066 Highway 2, Hilden, NS B0N 1C0

More Details

7Bedroom(s)

4Bathroom(s)

GravelParking(s)

43Picture(s)

4,245Sqft

Listing courtesy of RE/MAX Nova

C$549000

Residential For Sale

1066 Highway 2, Hilden, NS B0N 1C0

7Bedroom(s)

4Bathroom(s)

GravelParking(s)

4,245Sqft

Listing courtesy of RE/MAX Nova

Calling All Blended Families or Property Investors! This spacious bungalow offers incredible versatility for multi-generational living. Once used as a nursing home, it has been thoughtfully adapted for residential use and currently features a bright, 2-bedroom main floor unit—perfect for in-laws—alongside a comfortable owner’s 3-bedroom living space.

C$549000

Residential For Sale

1066 Highway 2, Hilden, NS B0N 1C0

Listing courtesy of RE/MAX Nova

7Bedroom(s)

4Bathroom(s)

C$549000

Residential For Sale

1680 West Jeddore Road, West Jeddore, NS B0J 2L0

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

37Picture(s)

1,200Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$549900

Residential For Sale

1680 West Jeddore Road, West Jeddore, NS B0J 2L0

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,200Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Welcome to 1608 West Jeddore road! With its 2 bed, 2 bath home, stunning ocean views, lake-frontage, 79+ acres, 2 unit backyard suite + garage and flexible zoning this property truly has something for everyone. The 2 bed /2 bath home is move-in ready, and also has a large (partly unfinished) basement area with its own entrance, which be converted easily into a rec-room, daycare or home business.

C$549900

Residential For Sale

1680 West Jeddore Road, West Jeddore, NS B0J 2L0

Listing courtesy of Century 21 Trident Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

956 Highway 203, Kemptville, NS B5A 5R3

More Details

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

35Picture(s)

1,348Sqft

Listing courtesy of The Real Estate Store

C$799900

Residential For Sale

956 Highway 203, Kemptville, NS B5A 5R3

2Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,348Sqft

Listing courtesy of The Real Estate Store

Are you looking for a large acreage property with frontage on 2 lakes? 956 Highway 203 Kemptville has direct access to and a view of Jane's Lake and also frontage on Halfway Lake. Featuring approximately 138 acres of land and even a small island in Halfway lake.

C$799900

Residential For Sale

956 Highway 203, Kemptville, NS B5A 5R3

Listing courtesy of The Real Estate Store

2Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

1 Pinecrest Drive, Middleton, NS B0S 1P0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

38Picture(s)

1,080Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$329900

Residential For Sale

1 Pinecrest Drive, Middleton, NS B0S 1P0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,080Sqft

Listing courtesy of RE/MAX Banner Real Estate

Discover the Middleton Community in the Heart of the Annapolis Valley for any stage of life, within walking distance to the hospital, school, and the Middleton shopping area, and only 15 minutes from the amenities of Kingston and CFB Greenwood. The home is nicely set back from the street with a wooded forest back lot. The Rotary Park next door is great for walking and sporting events.

C$329900

Residential For Sale

1 Pinecrest Drive, Middleton, NS B0S 1P0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

149 Terrastone Ridge, Dartmouth, NS B2X 2E8

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

7Picture(s)

1,600Sqft

Listing courtesy of Royal LePage Atlantic

C$610900

Residential For Sale

149 Terrastone Ridge, Dartmouth, NS B2X 2E8

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,600Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to The Parks of Lake Charles, HRM's hottest new subdivision. The Fairbanks, a chic 3-bedroom townhome with built-in garage, offers the perfect blend of modern style and practical design. The main level is an entertainers dream, featuring a spacious living room, dining area, kitchen with ample storage, a family room and convenient half bath.

C$610900

Residential For Sale

149 Terrastone Ridge, Dartmouth, NS B2X 2E8

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$610900

Residential For Sale

151 Terrastone Ridge, Dartmouth, NS B2X 2E8

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

7Picture(s)

1,600Sqft

Listing courtesy of Royal LePage Atlantic

C$610900

Residential For Sale

151 Terrastone Ridge, Dartmouth, NS B2X 2E8

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,600Sqft

Listing courtesy of Royal LePage Atlantic

C$610900

Residential For Sale

151 Terrastone Ridge, Dartmouth, NS B2X 2E8

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$610900

Residential For Sale

61 Havenbrook Hill, Dartmouth, NS B2W 0G1

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

45Picture(s)

2,657Sqft

Listing courtesy of Sutton Group Professional Realty

C$855000

Residential For Sale

61 Havenbrook Hill, Dartmouth, NS B2W 0G1

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,657Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 61 Havenbrook Hill in Portland Hills! This stunning four bedroom split entry on a quiet cul du sac is perfect for any family to call their own! The main level has high ceilings with crown molding, open concept kitchen and living room with three sided natural gas fireplace. Kitchen has custom cabinetry and granite counter tops with large island.

C$855000

Residential For Sale

61 Havenbrook Hill, Dartmouth, NS B2W 0G1

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$855000

Residential For Sale

109-105 Dunbrack Street, Halifax, NS B3M 3B7

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

20Picture(s)

1,050Sqft

Listing courtesy of PG Direct Realty Ltd.

C$349900

Residential For Sale

109-105 Dunbrack Street, Halifax, NS B3M 3B7

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

1,050Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Motivated seller, quick closing available! Stylish 2-bedroom, 1-bath corner condo in popular Parkhill Terrace. This bright, updated unit offers 1,050 sq. ft. of comfortable living space with a modern kitchen featuring solid-surface counters, stainless steel appliances & a breakfast bar that opens to the living area-ideal for entertaining.

C$349900

Residential For Sale

109-105 Dunbrack Street, Halifax, NS B3M 3B7

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$349900

Residential For Sale

26 Alvewa Drive, Myers Point, NS B0J 1P0

More Details

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

34Picture(s)

952Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$445000

Residential For Sale

26 Alvewa Drive, Myers Point, NS B0J 1P0

2Bedroom(s)

1Bathroom(s)

AttachedParking(s)

952Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

This sweet brand new bungalow is set in the quiet neighbourhood of Myers Point, less than 10 minutes to the Musquodoboit Harbour amenities and 45 minutes to the Halifax bridges. This was thoughtfully designed to be a low-maintenance home with easy one level living, and the ultimate convenience of an attached garage.

C$445000

Residential For Sale

26 Alvewa Drive, Myers Point, NS B0J 1P0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

1Bathroom(s)

C$445000

3098 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

619-45 Vimy Avenue, Halifax, NS B3M 4C5

Residential For Sale

Residential For Sale

Residential For Sale

167 Prince Albert Street, Pugwash, NS B0K 1L0

Residential For Sale

Residential For Sale

Residential For Sale

275 Harris Road, Haliburton, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

1066 Highway 2, Hilden, NS B0N 1C0

Residential For Sale

Residential For Sale

Residential For Sale

1680 West Jeddore Road, West Jeddore, NS B0J 2L0

Residential For Sale

Residential For Sale

Residential For Sale

956 Highway 203, Kemptville, NS B5A 5R3

Residential For Sale

Residential For Sale

Residential For Sale

1 Pinecrest Drive, Middleton, NS B0S 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.