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

3606 Highway 209, Advocate Harbour, NS B0M 1A0

More Details

1Bathroom(s)

OtherParking(s)

20Picture(s)

3,019Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

C$299000

Residential For Sale

3606 Highway 209, Advocate Harbour, NS B0M 1A0

1Bathroom(s)

OtherParking(s)

3,019Sqft

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

Unleash your creativity in this 200+ year old church located in the charming village of Advocate Harbour! Whether you envision a charming residence, a vibrant artist studio, an inviting bed and breakfast, or a unique commercial venture – this property invites you to create something truly special. Step inside and be enchanted by the church’s original charm.

C$299000

Residential For Sale

3606 Highway 209, Advocate Harbour, NS B0M 1A0

Listing courtesy of Coldwell Banker Open Door Realty Ltd.

1Bathroom(s)

C$299000

Residential For Sale

21 Stoddart Drive, Clarks Harbour, NS B0W 1P0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

44Picture(s)

1,594Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$274000

Residential For Sale

21 Stoddart Drive, Clarks Harbour, NS B0W 1P0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,594Sqft

Listing courtesy of RE/MAX Banner Real Estate

This spacious 4 bedroom, 2 bath mini home offers comfortable living in a coastal town along the shores of Nova Scotia. The town of Clark's Harbour features quaint cafes, a family friendly playground and a shoreline boardwalk with spectacular views of the sea and lobster fishing boats, all within walking distance.

C$274000

Residential For Sale

21 Stoddart Drive, Clarks Harbour, NS B0W 1P0

Listing courtesy of RE/MAX Banner Real Estate

4Bedroom(s)

2Bathroom(s)

C$274000

Residential For Sale

2386 Highway 201, Tupperville, NS B0S 1C0

More Details

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

43Picture(s)

2,800Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$499000

Residential For Sale

2386 Highway 201, Tupperville, NS B0S 1C0

4Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,800Sqft

Listing courtesy of RE/MAX Banner Real Estate

Historic c1780 Colonial Estate with panoramic views of the Annapolis River in Tupperville, Nova Scotia. Set atop nearly 30 pastoral acres in the heart of Tupperville, this distinguished Colonial residence offers a rare opportunity to own a piece of Canadian history.

C$499000

Residential For Sale

2386 Highway 201, Tupperville, NS B0S 1C0

Listing courtesy of RE/MAX Banner Real Estate

4Bedroom(s)

3Bathroom(s)

C$499000

Residential For Sale

26 St Andrews Street, Pictou, NS B0K 1H0

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

35Picture(s)

2,250Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$319900

Residential For Sale

26 St Andrews Street, Pictou, NS B0K 1H0

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,250Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Versatile bilevel, 2 blocks from the Pictou waterfront. This home offers 3 bedrooms, a kitchen, living room & 4 piece bath on each level- perfect for multi generational, rental or Air Bnb. 2024 upgrades include fresh paint, 200 amp service (permit provided), some new plumbing, flooring & new fixtures & washer & dryer. 2025, the home was re-sided with an elegant sage vinyl siding.

C$319900

Residential For Sale

26 St Andrews Street, Pictou, NS B0K 1H0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

6Bedroom(s)

2Bathroom(s)

C$319900

Residential For Sale

1718 Sandy Point Road, Sandy Point, NS B0T 1W0

More Details

2Bedroom(s)

1Bathroom(s)

NoneParking(s)

21Picture(s)

861Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$995000

Residential For Sale

1718 Sandy Point Road, Sandy Point, NS B0T 1W0

2Bedroom(s)

1Bathroom(s)

NoneParking(s)

861Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

A rare and truly remarkable property, this nearly 30-acre oceanfront parcel offers breathtaking views of the Atlantic and your very own stretch of white sand beach. With over 1,000 feet of pristine shoreline, this is coastal living at its finest — private, peaceful, and full of potential. The property includes a charming older 2-bedroom bungalow with a full basement.

C$995000

Residential For Sale

1718 Sandy Point Road, Sandy Point, NS B0T 1W0

Listing courtesy of Keller Williams Select Realty (Shelburne)

2Bedroom(s)

1Bathroom(s)

C$995000

Residential For Sale

79 Willow Avenue, New Glasgow, NS B2H 1Z4

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

42Picture(s)

2,120Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$349900

Residential For Sale

79 Willow Avenue, New Glasgow, NS B2H 1Z4

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,120Sqft

Listing courtesy of Results Realty Atlantic Inc.

The castle on Willow as I like to call it! Welcome to 79 Willow Ave in the historic Town of New Glasgow. This well loved and maintained home is ready for its next chapter. You feel up in the trees when in the upstairs bedrooms and what beautifully mature trees they are. The main floor has old world charm but its brilliantly open which will allow for wonderful gatherings.

C$349900

Residential For Sale

79 Willow Avenue, New Glasgow, NS B2H 1Z4

Listing courtesy of Results Realty Atlantic Inc.

3Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

1554 Shore Road, Gunning Cove, NS B0T 1W0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

44Picture(s)

1,646Sqft

Listing courtesy of Exit Real Estate Professionals

C$169900

Residential For Sale

1554 Shore Road, Gunning Cove, NS B0T 1W0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,646Sqft

Listing courtesy of Exit Real Estate Professionals

Tucked away in the peaceful seaside community of Gunning Cove, this 50.44-acre property is brimming with potential and waiting for someone with vision to bring it to life. The existing 1.5-storey, 3 bedroom home is vacant and is offering a rare chance to re-imagine the space from the ground up.

C$169900

Residential For Sale

1554 Shore Road, Gunning Cove, NS B0T 1W0

Listing courtesy of Exit Real Estate Professionals

3Bedroom(s)

2Bathroom(s)

C$169900

Residential For Sale

83 Victoria Street, Digby, NS B0V 1A0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

50Picture(s)

1,428Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$259000

Residential For Sale

83 Victoria Street, Digby, NS B0V 1A0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,428Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 83 Victoria Street located in the charming town of Digby, This home sits on a landscaped for privacy lot, and walking distance to all amenities.

C$259000

Residential For Sale

83 Victoria Street, Digby, NS B0V 1A0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

2Bathroom(s)

C$259000

Residential For Sale

940 210 Highway, Waterloo, NS B4V 8J7

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

44Picture(s)

1,404Sqft

Listing courtesy of Bryant Realty Atlantic

C$474000

Residential For Sale

940 210 Highway, Waterloo, NS B4V 8J7

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,404Sqft

Listing courtesy of Bryant Realty Atlantic

Lakefront Farm House. Rain or shine relax and enjoy the covered Varanda overlooking landscaped mature gardens & century old trees. This quaint 4 bedroom, nicely updated and well maintained home would be a wonderful primary residence or cottage. For those who enjoy privacy there is a large main level primary suite with bonus space perfect for a home office.

C$474000

Residential For Sale

940 210 Highway, Waterloo, NS B4V 8J7

Listing courtesy of Bryant Realty Atlantic

4Bedroom(s)

2Bathroom(s)

C$474000

Residential For Sale

61 Lockes Island Road, Lower Jordan Bay, NS B0T 1W0

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

2,200Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$1650000

Residential For Sale

61 Lockes Island Road, Lower Jordan Bay, NS B0T 1W0

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,200Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

Rare opportunity to own a unique waterfront property, consisting of several buildings. Due to the location being the land bridge to Lockes Island, the ocean and back harbour views are incredible. The property has been owned by the same family for 30 years, and shows a loving attention to detail, with mature perennials, fruit trees, veggie garden, and a labour-saving automatic irrigation system.

C$1650000

Residential For Sale

61 Lockes Island Road, Lower Jordan Bay, NS B0T 1W0

Listing courtesy of Keller Williams Select Realty (Shelburne)

3Bedroom(s)

4Bathroom(s)

C$1650000

Residential For Sale

193 Glen Road, Mclellans Brook, NS B2H 5C7

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

2,618Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$499900

Residential For Sale

193 Glen Road, Mclellans Brook, NS B2H 5C7

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,618Sqft

Listing courtesy of RE/MAX Nova (Halifax)

BRAND NEW ROOF! Here is the perfect dream home for your family. Situated in an upscale rural neighbourhood just 5 minutes from New Glasgow, this property is rare and ideal for multi-generational living. Featuring 4 generously sized bedrooms and 4 updated bathrooms, with 2 luxurious ensuites, fresh paint throughout AND new appliances in 2021.

C$499900

Residential For Sale

193 Glen Road, Mclellans Brook, NS B2H 5C7

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$499900

Residential For Sale

24 Chapel Street, Annapolis Royal, NS B0S 1A0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

46Picture(s)

1,700Sqft

Listing courtesy of Engel & Volkers (Annapolis Royal)

C$549900

Residential For Sale

24 Chapel Street, Annapolis Royal, NS B0S 1A0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,700Sqft

Listing courtesy of Engel & Volkers (Annapolis Royal)

This beautifully crafted custom home, has been thoughtfully designed to complement the historic charm of Annapolis Royal. Constructed in 2011 with ICF construction, (Insulated Concrete Forms), this energy-efficient home boasts high-quality materials and a comfortable, traditional layout.

C$549900

Residential For Sale

24 Chapel Street, Annapolis Royal, NS B0S 1A0

Listing courtesy of Engel & Volkers (Annapolis Royal)

3Bedroom(s)

2Bathroom(s)

C$549900

3347 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

3606 Highway 209, Advocate Harbour, NS B0M 1A0

Residential For Sale

Residential For Sale

Residential For Sale

21 Stoddart Drive, Clarks Harbour, NS B0W 1P0

Residential For Sale

Residential For Sale

Residential For Sale

2386 Highway 201, Tupperville, NS B0S 1C0

Residential For Sale

Residential For Sale

Residential For Sale

26 St Andrews Street, Pictou, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

1718 Sandy Point Road, Sandy Point, NS B0T 1W0

Residential For Sale

Residential For Sale

Residential For Sale

79 Willow Avenue, New Glasgow, NS B2H 1Z4

Residential For Sale

Residential For Sale

Residential For Sale

1554 Shore Road, Gunning Cove, NS B0T 1W0

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.