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

8894 Highway 201, Nictaux, NS B0S 1P0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

45Picture(s)

916Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$335500

Residential For Sale

8894 Highway 201, Nictaux, NS B0S 1P0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

916Sqft

Listing courtesy of RE/MAX Banner Real Estate

Properties like this don’t come along often. Located in the scenic Annapolis Valley, this cozy one-level mini home sits along Highway 201 in Nictaux, just a short drive from CFB Greenwood and downtown Middleton. It has two bedrooms, one bathroom, and a bright eat-in kitchen with a butler’s pantry for extra storage.

C$335500

Residential For Sale

8894 Highway 201, Nictaux, NS B0S 1P0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$335500

Residential For Sale

300 Lamont Road, North Kentville, NS B4N 3A7

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

41Picture(s)

1,953Sqft

Listing courtesy of Exit Realty Town & Country

C$489900

Residential For Sale

300 Lamont Road, North Kentville, NS B4N 3A7

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,953Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to 300 Lamont Road, where thoughtful design meets low-maintenance living in this beautifully constructed semi-detached home. Built with quality materials and energy-efficient features, this property provides year-round comfort and lasting value.

C$489900

Residential For Sale

300 Lamont Road, North Kentville, NS B4N 3A7

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

3Bathroom(s)

C$489900

Residential For Sale

298 Lamont Road, North Kentville, NS B4N 3A7

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

44Picture(s)

1,953Sqft

Listing courtesy of Exit Realty Town & Country

C$489900

Residential For Sale

298 Lamont Road, North Kentville, NS B4N 3A7

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,953Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to 298 Lamont Road, where thoughtful design meets low-maintenance living in this beautifully constructed semi-detached home. Built with quality materials and energy-efficient features, this property provides year-round comfort and lasting value.

C$489900

Residential For Sale

298 Lamont Road, North Kentville, NS B4N 3A7

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

3Bathroom(s)

C$489900

Residential For Sale

5154 Hwy #3, Lower Shag Harbour, NS B0W 3B0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

31Picture(s)

816Sqft

Listing courtesy of East Bay Realty Ltd.

C$149000

Residential For Sale

5154 Hwy #3, Lower Shag Harbour, NS B0W 3B0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

816Sqft

Listing courtesy of East Bay Realty Ltd.

This adorable bungalow can be found in the quiet fishing village of Shag Harbour, on the South Shore of Nova Scotia. Ideal starter home or for someone looking to downsize. 3 bedrooms and one bath with all major appliances to remain. The home has seen many improvements over the last few years including roof re-shingled, new windows and doors, siding and electrical upgrades.

C$149000

Residential For Sale

5154 Hwy #3, Lower Shag Harbour, NS B0W 3B0

Listing courtesy of East Bay Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$149000

Residential For Sale

24 Church, Kingsport, NS B0P 1H0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

45Picture(s)

1,721Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$350000

Residential For Sale

24 Church, Kingsport, NS B0P 1H0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,721Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Charming Home in Kingsport, Nova Scotia – A Rare Opportunity! Welcome to 24 Church Street in the harbour-side community of Kingsport—an ideal blend of Atlantic charm, modern comforts, and scenic tranquility. Nestled in Kingsport, NS, just minutes from the water’s edge—enjoy sailing, beach walks and stunning sunsets.

C$350000

Residential For Sale

24 Church, Kingsport, NS B0P 1H0

Listing courtesy of Keller Williams Select Realty (Kentville)

2Bedroom(s)

1Bathroom(s)

C$350000

Residential For Sale

109 Westfield Crescent, Dartmouth, NS B2V 2W2

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

45Picture(s)

2,332Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$539900

Residential For Sale

109 Westfield Crescent, Dartmouth, NS B2V 2W2

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,332Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 109 Westfield Crescent in the sought-after Morris Lake Estates. This family-friendly Cole Harbour neighbourhood features quiet streets, generous lots, and direct access to Morris Lake and local trails, all just five minutes from Portland Street’s shops and restaurants. This two-storey home offers 3 bedrooms, 2 full and 2 half baths, and an attached garage.

C$539900

Residential For Sale

109 Westfield Crescent, Dartmouth, NS B2V 2W2

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

4Bathroom(s)

C$539900

Residential For Sale

14 Regal Road, Dartmouth, NS B2W 4Z7

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

41Picture(s)

3,041Sqft

Listing courtesy of Sutton Group Professional Realty

C$700000

Residential For Sale

14 Regal Road, Dartmouth, NS B2W 4Z7

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

3,041Sqft

Listing courtesy of Sutton Group Professional Realty

Never mind the 30 second walk from your back door to the lake - the layout of this gorgeous family home will enhance your lifestyle in many ways. Both the dining room and country kitchen have sliding door access to the patio and parklike backyard with gardens, shade trees, the path to the lake and occasionally deer and pheasants.

C$700000

Residential For Sale

14 Regal Road, Dartmouth, NS B2W 4Z7

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$700000

Residential For Sale

430 Hillside Road, Albert Bridge, NS B1K 3J1

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

43Picture(s)

2,051Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$609000

Residential For Sale

430 Hillside Road, Albert Bridge, NS B1K 3J1

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,051Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to 430 Hillside Rd in beautiful Albert Bridge, where comfort, quality, and country living come together. This move-in ready 3-bedroom, 2-bath home sits on 11 acres with water access to the Mira River, offering the perfect balance of space, privacy, and peaceful living, just a short drive to Sydney and local amenities.

C$609000

Residential For Sale

430 Hillside Road, Albert Bridge, NS B1K 3J1

Listing courtesy of Coldwell Banker Boardwalk Realty

3Bedroom(s)

2Bathroom(s)

C$609000

Residential For Sale

91 Upper Cross Road, Conway, NS B0V 1A0

More Details

1Bathroom(s)

SingleParking(s)

18Picture(s)

384Sqft

Listing courtesy of Exit Realty Town & Country

C$75000

Residential For Sale

91 Upper Cross Road, Conway, NS B0V 1A0

1Bathroom(s)

SingleParking(s)

384Sqft

Listing courtesy of Exit Realty Town & Country

Located just minutes from the town of Digby, this small fixer-upper presents a great opportunity to enter the housing market or invest in a renovation project. Set on a quiet lot with the scenic Digby Rail Trail directly behind the property, you'll enjoy easy access to biking, ATV'ing, and walking right from your backyard.

C$75000

Residential For Sale

91 Upper Cross Road, Conway, NS B0V 1A0

Listing courtesy of Exit Realty Town & Country

1Bathroom(s)

C$75000

Residential For Sale

93 Wexford Road, Colby, NS B2V 1R8

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,148Sqft

Listing courtesy of Sutton Group Professional Realty

C$634900

Residential For Sale

93 Wexford Road, Colby, NS B2V 1R8

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,148Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 93 Wexford — a beautiful home in the heart of Colby Village! This spacious 4-bedroom, 3-bathroom home sits on one of the largest lots on the street and offers the perfect blend of comfort, flexibility, and value. The main level features an open-concept kitchen, living, and dining area — ideal for entertaining or family gatherings.

C$634900

Residential For Sale

93 Wexford Road, Colby, NS B2V 1R8

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$634900

Residential For Sale

5552 Duffus Street, Halifax, NS B3K 2M4

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

50Picture(s)

1,322Sqft

Listing courtesy of Royal LePage Atlantic

C$699900

Residential For Sale

5552 Duffus Street, Halifax, NS B3K 2M4

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,322Sqft

Listing courtesy of Royal LePage Atlantic

Let’s talk about one of Halifax’s most charming and significant neighbourhoods - the Hydrostone. Designated a National Historic Site of Canada, this beloved community rose from the Halifax Explosion of 1917 and continues to shine for its strong sense of community, proximity to amenities, and award-winning urban design.

C$699900

Residential For Sale

5552 Duffus Street, Halifax, NS B3K 2M4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

1Bathroom(s)

C$699900

Residential For Sale

32 Palaeo Drive, Debert, NS B0M 1G0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,340Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$475000

Residential For Sale

32 Palaeo Drive, Debert, NS B0M 1G0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,340Sqft

Listing courtesy of Viewpoint Realty Services Inc.

32 Palaeo Drive, Debert 3 Bedrooms | 2 Full Baths | Attached Garage | 12x16 Shed | In-Floor Heating Spacious, bright, and beautifully maintained — welcome to 32 Palaeo Drive in the friendly community of Debert. This well-built, single-level home sits on a large, landscaped lot and offers comfort, convenience, and plenty of space for everyday living.

C$475000

Residential For Sale

32 Palaeo Drive, Debert, NS B0M 1G0

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$475000

4293 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

8894 Highway 201, Nictaux, NS B0S 1P0

Residential For Sale

Residential For Sale

Residential For Sale

300 Lamont Road, North Kentville, NS B4N 3A7

Residential For Sale

Residential For Sale

Residential For Sale

298 Lamont Road, North Kentville, NS B4N 3A7

Residential For Sale

Residential For Sale

Residential For Sale

5154 Hwy #3, Lower Shag Harbour, NS B0W 3B0

Residential For Sale

Residential For Sale

Residential For Sale

24 Church, Kingsport, NS B0P 1H0

Residential For Sale

Residential For Sale

Residential For Sale

109 Westfield Crescent, Dartmouth, NS B2V 2W2

Residential For Sale

Residential For Sale

Residential For Sale

14 Regal Road, Dartmouth, NS B2W 4Z7

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.