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

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

Residential For Sale

205-60 Walter Havill Drive, Halifax, NS B3N 0A9

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

29Picture(s)

1,294Sqft

Listing courtesy of Exit Realty Metro

C$419900

Residential For Sale

205-60 Walter Havill Drive, Halifax, NS B3N 0A9

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,294Sqft

Listing courtesy of Exit Realty Metro

Welcome to The Waterton! This beautiful open concept condo offering comfort, convenience, and an exceptional lifestyle. Enjoy a lovely water view from your private balcony, with access to the nearby lake and scenic walking trails, the perfect place to relax and unwind.

C$419900

Residential For Sale

205-60 Walter Havill Drive, Halifax, NS B3N 0A9

Listing courtesy of Exit Realty Metro

2Bedroom(s)

2Bathroom(s)

C$419900

Residential For Sale

148 Lake Major Road, Westphal, NS B2Z 1B1

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

50Picture(s)

2,114Sqft

Listing courtesy of RE/MAX Nova

C$479900

Residential For Sale

148 Lake Major Road, Westphal, NS B2Z 1B1

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,114Sqft

Listing courtesy of RE/MAX Nova

Welcome home to this four bedroom, two bath home on Lake Major Road. Enjoy this country setting home only minutes to all amenities in Dartmouth. Many upgrades including 2 heat pumps, all new siding, gutters and soffits. New fence encloses all of the backyard with two gates. New deck with gazebo recently constructed.

C$479900

Residential For Sale

148 Lake Major Road, Westphal, NS B2Z 1B1

Listing courtesy of RE/MAX Nova

4Bedroom(s)

2Bathroom(s)

C$479900

Residential For Sale

410-621 Portland Hills Drive, Dartmouth, NS B2W 6N4

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

50Picture(s)

1,426Sqft

Listing courtesy of RE/MAX Nova

C$499900

Residential For Sale

410-621 Portland Hills Drive, Dartmouth, NS B2W 6N4

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,426Sqft

Listing courtesy of RE/MAX Nova

The showhome condo for Regal Vista, when it was being launched, is now being offered for sale! On the top floor, a corner unit, with southern exposure. The sun floods in this spacious condo, showcasing the new kitchen by Decoste with maple wood cabinets and corian countertops. Engineered hardwood & tile throughout ( no carpet ).

C$499900

Residential For Sale

410-621 Portland Hills Drive, Dartmouth, NS B2W 6N4

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

30 Woodbury Drive, Halifax, NS B3M 1Z5

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

41Picture(s)

1,794Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$599900

Residential For Sale

30 Woodbury Drive, Halifax, NS B3M 1Z5

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,794Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 30 Woodbury Drive! This extensively updated character filled 2 storey home is located in the very desirable family neighbourhood of Rockingham.

C$599900

Residential For Sale

30 Woodbury Drive, Halifax, NS B3M 1Z5

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

75 Sergeant Lane, River John, NS B0K 1N0

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

7Picture(s)

1,354Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$107000

Residential For Sale

75 Sergeant Lane, River John, NS B0K 1N0

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,354Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Tucked away on 2.5 acres of peaceful, private land, this property is full of potential.

C$107000

Residential For Sale

75 Sergeant Lane, River John, NS B0K 1N0

Listing courtesy of Royal LePage Atlantic(Stellarton)

3Bedroom(s)

1Bathroom(s)

C$107000

Residential For Sale

312-85 Spinnaker Drive, Halifax, NS B3N 3E3

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

25Picture(s)

1,012Sqft

Listing courtesy of REGENCY REAL ESTATE LTD - A260

C$459900

Residential For Sale

312-85 Spinnaker Drive, Halifax, NS B3N 3E3

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,012Sqft

Listing courtesy of REGENCY REAL ESTATE LTD - A260

THE ANCHORAGE at Regatta Point. Lovely two bedroom, two bathroom CORNER UNIT on the third floor. Glassed railing balcony overlooking the landscaped grounds with partial views of the Northwest Arm -a great place to sit and enjoy the sunrise. Exceptionally well maintained and cared for, this unit is vacant and ready for a quick closing. This corner unit offers lots of windows and natural light.

C$459900

Residential For Sale

312-85 Spinnaker Drive, Halifax, NS B3N 3E3

Listing courtesy of REGENCY REAL ESTATE LTD - A260

2Bedroom(s)

2Bathroom(s)

C$459900

Residential For Sale

4 Oceanview Dr Drive, Port Lorne, NS B0S 1R0

More Details

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

16Picture(s)

1,126Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

C$129900

Residential For Sale

4 Oceanview Dr Drive, Port Lorne, NS B0S 1R0

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,126Sqft

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

Location, location! This property offers breathtaking views of the Bay of Fundy. Don’t miss this opportunity to own a 0.52-acre lot featuring a 1 storey home with full unfinished walkout basement, two bedrooms (or three if restored to the original layout), 2 bathrooms, and an open-concept kitchen and dining area.

C$129900

Residential For Sale

4 Oceanview Dr Drive, Port Lorne, NS B0S 1R0

Listing courtesy of ViewPoint Realty Services Inc.(Greenwood)

2Bedroom(s)

2Bathroom(s)

C$129900

Residential For Sale

45 Fairview Street, Antigonish, NS B2G 1R4

More Details

5Bedroom(s)

2Bathroom(s)

SingleParking(s)

40Picture(s)

1,552Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

C$499000

Residential For Sale

45 Fairview Street, Antigonish, NS B2G 1R4

5Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,552Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

Welcome to 45 Fairview Street — a charming income property offering character, space, and opportunity. Built in the late 1940s, this home has seen many recent updates including windows, soffits, fascia, gutters, siding, fully rewired and electric baseboard heaters installed, roof, plumbing, sewer lines, and cosmetic upgrades throughout.

C$499000

Residential For Sale

45 Fairview Street, Antigonish, NS B2G 1R4

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

5Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

3593 Lake George Road, Norwood, NS B5A 5L6

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

50Picture(s)

2,157Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

C$354900

Residential For Sale

3593 Lake George Road, Norwood, NS B5A 5L6

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,157Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

Waterfront! 3593 Lake George Road, Norwood – A-Frame Retreat with Lake Views, Acreage & Character Set on a picturesque 2.9-acre parcel with a commanding southerly view of Lake Annis, this distinctive 1.5-storey A-frame home blends timeless craftsmanship with incredible potential.

C$354900

Residential For Sale

3593 Lake George Road, Norwood, NS B5A 5L6

Listing courtesy of Viewpoint Realty Services Inc. (Shelburne)

4Bedroom(s)

2Bathroom(s)

C$354900

Residential For Sale

193 Darner Drive, Beaver Bank, NS B4G 0E2

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

33Picture(s)

1,958Sqft

Listing courtesy of Royal LePage Atlantic

C$636400

Residential For Sale

193 Darner Drive, Beaver Bank, NS B4G 0E2

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

1,958Sqft

Listing courtesy of Royal LePage Atlantic

Rooftight Homes is proud to introduce "Katie" in Carriagewood Estates, Beaver Bank Halifax Nova Scotia. This thoughtfully designed 3-bedroom, 4-bathroom 2-storey home, finished on all three levels and packed with incredible value.

C$636400

Residential For Sale

193 Darner Drive, Beaver Bank, NS B4G 0E2

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

4Bathroom(s)

C$636400

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

3140 Agricola Street, Halifax, NS B3K 4G5

Residential For Sale

Residential For Sale

Residential For Sale

51 Micmac Avenue, Bridgewater, NS B4V 1M3

Residential For Sale

Residential For Sale

Residential For Sale

205-60 Walter Havill Drive, Halifax, NS B3N 0A9

Residential For Sale

Residential For Sale

Residential For Sale

148 Lake Major Road, Westphal, NS B2Z 1B1

Residential For Sale

Residential For Sale

Residential For Sale

410-621 Portland Hills Drive, Dartmouth, NS B2W 6N4

Residential For Sale

Residential For Sale

Residential For Sale

30 Woodbury Drive, Halifax, NS B3M 1Z5

Residential For Sale

Residential For Sale

Residential For Sale

75 Sergeant Lane, River John, NS B0K 1N0

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.