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.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

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

Residential For Sale

26 Astral Drive, Cole Harbour, NS B2V 1B2

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

34Picture(s)

1,680Sqft

Listing courtesy of Coldwell Banker Maritime Realty

C$539900

Residential For Sale

26 Astral Drive, Cole Harbour, NS B2V 1B2

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,680Sqft

Listing courtesy of Coldwell Banker Maritime Realty

Perfectly positioned in one of Colby Village’s most desirable neighbourhoods, this beautifully maintained side-split blends modern comfort with timeless appeal. Just steps from Astral Drive Elementary and Junior High, it’s the kind of home that makes daily life easy — and weekends feel like a retreat.

C$539900

Residential For Sale

26 Astral Drive, Cole Harbour, NS B2V 1B2

Listing courtesy of Coldwell Banker Maritime Realty

3Bedroom(s)

2Bathroom(s)

C$539900

Residential For Sale

128 Oakdene Avenue, Kentville, NS B4N 2C1

More Details

6Bedroom(s)

2Bathroom(s)

DetachedParking(s)

36Picture(s)

2,880Sqft

Listing courtesy of Exit Realty Town & Country

C$499500

Residential For Sale

128 Oakdene Avenue, Kentville, NS B4N 2C1

6Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,880Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to 128 Oakdene Avenue. This well-maintained 6-bedroom, 2-bathroom home is move-in ready and waiting for its new owners. The main level offers spacious single-family living, featuring three comfortable bedrooms, a 5-piece bathroom, and an open-concept kitchen and dining area. A bright and inviting living room completes this level. Just off the kitchen, step onto the 10' x 11.

C$499500

Residential For Sale

128 Oakdene Avenue, Kentville, NS B4N 2C1

Listing courtesy of Exit Realty Town & Country

6Bedroom(s)

2Bathroom(s)

C$499500

Residential For Sale

26 Provence Way Lot 52, Timberlea, NS B3T 0N8

More Details

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

6Picture(s)

2,238Sqft

Listing courtesy of Engel & Volkers

C$759900

Residential For Sale

26 Provence Way Lot 52, Timberlea, NS B3T 0N8

3Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,238Sqft

Listing courtesy of Engel & Volkers

Introducing The Harlow by Ramar Homes, located in the desirable Brunello Estates Golf Community. This modern 3 bedroom, 2 full bath, 2 half bath home offers over 2,200 sqft of thoughtfully designed living space. The main floor features 9 ft ceilings and an open-concept layout.

C$759900

Residential For Sale

26 Provence Way Lot 52, Timberlea, NS B3T 0N8

Listing courtesy of Engel & Volkers

3Bedroom(s)

4Bathroom(s)

C$759900

Residential For Sale

355 Nichols Avenue, North Kentville, NS B4N 3V7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

40Picture(s)

1,327Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$399900

Residential For Sale

355 Nichols Avenue, North Kentville, NS B4N 3V7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,327Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 355 Nichols Avenue, a beautifully maintained three-bedroom, two full-bathroom, one-and-a-half storey home offering comfort, efficiency, and convenience in one perfect package.

C$399900

Residential For Sale

355 Nichols Avenue, North Kentville, NS B4N 3V7

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

1764 Highway 6 Highway, River John, NS B0K 1N0

More Details

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

41Picture(s)

1,935Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$289000

Residential For Sale

1764 Highway 6 Highway, River John, NS B0K 1N0

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,935Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this warm and inviting 1.5-storey home nestled in the hub of the friendly community of River John. Sitting on almost an acre, this property offers both comfort and convenience in an ideal location — just across from the river and minutes from beautiful beaches, the local marina, and a short drive to Tatamagouche and the town of Pictou.

C$289000

Residential For Sale

1764 Highway 6 Highway, River John, NS B0K 1N0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

3Bathroom(s)

C$289000

Residential For Sale

16 Rogers Avenue, Amherst, NS B4H 2J7

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

45Picture(s)

4,712Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$495000

Residential For Sale

16 Rogers Avenue, Amherst, NS B4H 2J7

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4,712Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Want a cool home? Here it is! This one has it all, or pretty close to it... Featuring four main floor bedrooms - primary with 2 piece ensuite, a brand new kitchen with open dining area, spacious living room with electric fireplace and full bath - all on the main floor.

C$495000

Residential For Sale

16 Rogers Avenue, Amherst, NS B4H 2J7

Listing courtesy of Royal LePage Cumberland Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$495000

Residential For Sale

62 Middle Street, Hortonville, NS B4P 2R3

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

49Picture(s)

2,177Sqft

Listing courtesy of Exit Realty Town & Country

C$1200000

Residential For Sale

62 Middle Street, Hortonville, NS B4P 2R3

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,177Sqft

Listing courtesy of Exit Realty Town & Country

Set in the landscape of Grand Pre’s UNESCO World Heritage site, this inviting three-bed, three-bath family home offers breathtaking valley views and a strong sense of place amid Acadian history, and the nearby national park and landmarks that celebrate its people and their culture.

C$1200000

Residential For Sale

62 Middle Street, Hortonville, NS B4P 2R3

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

3Bathroom(s)

C$1200000

Residential For Sale

39 Sawmill Court, Onslow Mountain, NS B0M 1C0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

31Picture(s)

1,024Sqft

Listing courtesy of Royal LePage Atlantic

C$259900

Residential For Sale

39 Sawmill Court, Onslow Mountain, NS B0M 1C0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,024Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 39 Sawmill Court. Just 10 minutes from town, this exceptional 10-year-old mini home sits on over half an acre and shows like new. The bright, open-concept main living area features a gorgeous white kitchen with stainless steel appliances, a large centre island, and beautiful countertops.

C$259900

Residential For Sale

39 Sawmill Court, Onslow Mountain, NS B0M 1C0

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

1Bathroom(s)

C$259900

Residential For Sale

1602-5959 Spring Garden Road, Halifax, NS B3H 1Y5

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

25Picture(s)

757Sqft

Listing courtesy of RE/MAX Nova

C$310000

Residential For Sale

1602-5959 Spring Garden Road, Halifax, NS B3H 1Y5

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

757Sqft

Listing courtesy of RE/MAX Nova

Welcome to Unit 1602 at 5959 Spring Garden Road! This is a fantastic opportunity to own a 1 bedroom condo in the heart of Halifax's highly sought after South End. Located in the iconic Embassy Towers, this unit offers exceptional walkability to hospitals, Dalhousie and Saint Mary's Universities, top restaurants, shopping and all downtown amenities.

C$310000

Residential For Sale

1602-5959 Spring Garden Road, Halifax, NS B3H 1Y5

Listing courtesy of RE/MAX Nova

1Bedroom(s)

1Bathroom(s)

C$310000

Residential For Sale

3140 Agricola Street, Halifax, NS B3K 4G5

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

25Picture(s)

1,180Sqft

Listing courtesy of RE/MAX Nova

C$539900

Residential For Sale

3140 Agricola Street, Halifax, NS B3K 4G5

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,180Sqft

Listing courtesy of RE/MAX Nova

Fantastic opportunity in a great location! This home is just a stone's throw to the Hydrostone shops in one of Halifax's most sought after neighbourhoods. More affordable than many condos in the area, but you get your own home with a great fenced in yard. The mainfloor includes a charming sun porch, living room, kitchen that's open to the dining area, laundry, and bathroom.

C$539900

Residential For Sale

3140 Agricola Street, Halifax, NS B3K 4G5

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$539900

Residential For Sale

51 Micmac Avenue, Bridgewater, NS B4V 1M3

More Details

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

24Picture(s)

1,267Sqft

Listing courtesy of EXIT Realty Inter Lake

C$299000

Residential For Sale

51 Micmac Avenue, Bridgewater, NS B4V 1M3

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

1,267Sqft

Listing courtesy of EXIT Realty Inter Lake

Charming 3 Bedroom Home in a Peaceful Bridgewater Subdivision Welcome to this lovingly maintained 3 bedroom, 1 bath home located in one of Bridgewater’s most quiet and desirable neighbourhoods. This inviting property offers the perfect blend of comfort, functionality, and small-town charm.

C$299000

Residential For Sale

51 Micmac Avenue, Bridgewater, NS B4V 1M3

Listing courtesy of EXIT Realty Inter Lake

3Bedroom(s)

1Bathroom(s)

C$299000

4294 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

32 Palaeo Drive, Debert, NS B0M 1G0

Residential For Sale

Residential For Sale

Residential For Sale

26 Astral Drive, Cole Harbour, NS B2V 1B2

Residential For Sale

Residential For Sale

Residential For Sale

128 Oakdene Avenue, Kentville, NS B4N 2C1

Residential For Sale

Residential For Sale

Residential For Sale

26 Provence Way Lot 52, Timberlea, NS B3T 0N8

Residential For Sale

Residential For Sale

Residential For Sale

355 Nichols Avenue, North Kentville, NS B4N 3V7

Residential For Sale

Residential For Sale

Residential For Sale

1764 Highway 6 Highway, River John, NS B0K 1N0

Residential For Sale

Residential For Sale

Residential For Sale

16 Rogers Avenue, Amherst, NS B4H 2J7

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.