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

5 Sadler Street, Port Hastings, NS B9A 1L8

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

21Picture(s)

896Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$169500

Residential For Sale

5 Sadler Street, Port Hastings, NS B9A 1L8

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

896Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Well maintained 3 BDRM, 1 BATH 16x56 mini home on 6761 SQ FT lot located in Port Hastings, over looking the Canso Causeway. Recently built front deck with terrific water views. Paved driveway with plenty of parking. Recently surveyed lot. Shed with metal roof. This mini home has had many recent updates such as vinyl laminate flooring in the kitchen, living room, bath and hall way.

C$169500

Residential For Sale

5 Sadler Street, Port Hastings, NS B9A 1L8

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

3Bedroom(s)

1Bathroom(s)

C$169500

Residential For Sale

78 Honeygold Drive, Halifax, NS B3R 0G2

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

45Picture(s)

2,029Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$644900

Residential For Sale

78 Honeygold Drive, Halifax, NS B3R 0G2

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,029Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 78 Honeygold drive, a beautiful semi-detached home in the new phase of McIntosh Run Estates. This gorgeous home will blow your mind away. It’s a 4-bedroom, 3.5 bathroom three-level home. The design of this home is one that works beautifully well as the kitchen is right in the centre of the living room and dining room with lots of cabinet space and a sit-up island.

C$644900

Residential For Sale

78 Honeygold Drive, Halifax, NS B3R 0G2

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$644900

Residential For Sale

1224 Maple Street, Waterville, NS B0P 1V0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

49Picture(s)

1,405Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$395000

Residential For Sale

1224 Maple Street, Waterville, NS B0P 1V0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,405Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to this well kept 28 year old bungalow built for the present seller. Sitting on a large village lot this nicely landscaped home has great curb appeal.

C$395000

Residential For Sale

1224 Maple Street, Waterville, NS B0P 1V0

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

1Bathroom(s)

C$395000

Residential For Sale

1649 Avondale Road, Mantua, NS B0N 2A0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

32Picture(s)

1,304Sqft

Listing courtesy of Sotheby's International Realty Canada

C$525000

Residential For Sale

1649 Avondale Road, Mantua, NS B0N 2A0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,304Sqft

Listing courtesy of Sotheby's International Realty Canada

Set on a peaceful 1.2 acre lot along Avondale Road, this beautifully rebuilt 2-bedroom, 2-bathroom brick bungalow pairs timeless character with a completely renewed interior. It’s the perfect mix of country calm and city convenience, just minutes from Exit 5 for an easy commute to Halifax, and right at the edge of the scenic Annapolis Valley.

C$525000

Residential For Sale

1649 Avondale Road, Mantua, NS B0N 2A0

Listing courtesy of Sotheby's International Realty Canada

2Bedroom(s)

2Bathroom(s)

C$525000

Residential For Sale

8856 St Margarets Bay Road, Queensland, NS B0J 1T0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

34Picture(s)

1,123Sqft

Listing courtesy of Keller Williams Select Realty

C$599000

Residential For Sale

8856 St Margarets Bay Road, Queensland, NS B0J 1T0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,123Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to the Cleveland Beach Cottage! Turn-key coastal living just steps from Cleveland Beach. This 3-bedroom, 2 bath (1,120 sq ft) cottage sits on a 6653 sq ft lot overlooking St. Margarets Bay! The home has had many upgrades in the past 1- years, features a pave driveway for multiple vehicle and is set on a private lot that backs onto Cleveland Lake and Cleveland Beach provincial park.

C$599000

Residential For Sale

8856 St Margarets Bay Road, Queensland, NS B0J 1T0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$599000

Residential For Sale

8848 St Margarets Bay Road, Queensland, NS B0J 1T0

More Details

3Bedroom(s)

3Bathroom(s)

PavedParking(s)

29Picture(s)

1,040Sqft

Listing courtesy of Keller Williams Select Realty

C$599000

Residential For Sale

8848 St Margarets Bay Road, Queensland, NS B0J 1T0

3Bedroom(s)

3Bathroom(s)

PavedParking(s)

1,040Sqft

Listing courtesy of Keller Williams Select Realty

Turn-key coastal living just steps from Cleveland Beach. This 3-bedroom , 1.5 bath "The Beach House" (1,040 sq ft) sits on a 10,000 sq ft lot and includes a separate 11 x 23 bunkie with a full bath and kitchenette.

C$599000

Residential For Sale

8848 St Margarets Bay Road, Queensland, NS B0J 1T0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

3Bathroom(s)

C$599000

Residential For Sale

4 Lewis Street, Halifax, NS B3R 1P6

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

36Picture(s)

1,755Sqft

Listing courtesy of RE/MAX Nova

C$649000

Residential For Sale

4 Lewis Street, Halifax, NS B3R 1P6

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,755Sqft

Listing courtesy of RE/MAX Nova

Opportunity Knocks! This fantastic income-generating over/under property offers a unique chance to live in one unit while the other helps cover your expenses! The property includes two separate PIDs: PID #00612291 for the main building and PID #40089880 for the vacant lot, offering added potential for future development.

C$649000

Residential For Sale

4 Lewis Street, Halifax, NS B3R 1P6

Listing courtesy of RE/MAX Nova

5Bedroom(s)

3Bathroom(s)

C$649000

Residential For Sale

281 Heselton Drive, Ostrea Lake, NS B0J 2L0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

29Picture(s)

1,584Sqft

Listing courtesy of Red Door Realty

C$600000

Residential For Sale

281 Heselton Drive, Ostrea Lake, NS B0J 2L0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,584Sqft

Listing courtesy of Red Door Realty

This 3.57-acre lot, just a 40-minute drive from the city, offers a tranquil one-level living experience with expansion potential. Nestled in a quiet, natural setting, this single-level home features three comfortable bedrooms and two full bathrooms. It’s perfect for relaxed living and offers easy access to the ocean.

C$600000

Residential For Sale

281 Heselton Drive, Ostrea Lake, NS B0J 2L0

Listing courtesy of Red Door Realty

3Bedroom(s)

2Bathroom(s)

C$600000

Residential For Sale

155 First Avenue, Digby, NS B0N 1A0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

28Picture(s)

720Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$197000

Residential For Sale

155 First Avenue, Digby, NS B0N 1A0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

720Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

This charming 2-bedroom, 1-bath home proves that great things come in compact packages! With efficient square footage and smart design, it has everything you need—and more. Just a stone’s throw from the waterfront and within walking distance to all of Digby’s amenities, this property offers the perfect blend of convenience and comfort.

C$197000

Residential For Sale

155 First Avenue, Digby, NS B0N 1A0

Listing courtesy of Royal LePage Atlantic (Greenwood)

2Bedroom(s)

1Bathroom(s)

C$197000

Residential For Sale

18 Newbury Street, Sydney, NS B1P 3P6

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

31Picture(s)

936Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$239000

Residential For Sale

18 Newbury Street, Sydney, NS B1P 3P6

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

936Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

18 Newbury Street offers a well-maintained 1.5-storey home in a prime Sydney location close to every amenity. Entering the home, you’re greeted by a spacious living room with views of the front yard, providing a warm and inviting space for family time or entertaining.

C$239000

Residential For Sale

18 Newbury Street, Sydney, NS B1P 3P6

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

1Bathroom(s)

C$239000

Residential For Sale

2500 Connaught Avenue, Halifax, NS B3L 2Z4

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

46Picture(s)

1,702Sqft

Listing courtesy of Domus Realty Limited

C$799900

Residential For Sale

2500 Connaught Avenue, Halifax, NS B3L 2Z4

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,702Sqft

Listing courtesy of Domus Realty Limited

Welcome to 2500 Connaught Avenue — a bright, spacious and character-filled home in the heart of Halifax West. Tucked away on a picturesque, tree-lined boulevard, this home offers great curb appeal and privacy in one of the city’s most sought-after neighborhoods.

C$799900

Residential For Sale

2500 Connaught Avenue, Halifax, NS B3L 2Z4

Listing courtesy of Domus Realty Limited

3Bedroom(s)

2Bathroom(s)

C$799900

Residential For Sale

2-366 Loon Lake Drive, Lake Paul, NS B0P 1C0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

14Picture(s)

596Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$349900

Residential For Sale

2-366 Loon Lake Drive, Lake Paul, NS B0P 1C0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

596Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Loon Lake – Modern Year-Round Cottage Retreat - Just three years old, this move-in ready, 2-bedroom cottage offers year-round comfort and peaceful lake-country living. The open-concept Grand Room seamlessly combines the kitchen and living area, featuring a large patio door that leads to a covered veranda, perfect for relaxing or entertaining.

C$349900

Residential For Sale

2-366 Loon Lake Drive, Lake Paul, NS B0P 1C0

Listing courtesy of Royal LePage Atlantic (New Minas)

2Bedroom(s)

1Bathroom(s)

C$349900

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

5 Sadler Street, Port Hastings, NS B9A 1L8

Residential For Sale

Residential For Sale

Residential For Sale

78 Honeygold Drive, Halifax, NS B3R 0G2

Residential For Sale

Residential For Sale

Residential For Sale

1224 Maple Street, Waterville, NS B0P 1V0

Residential For Sale

Residential For Sale

Residential For Sale

1649 Avondale Road, Mantua, NS B0N 2A0

Residential For Sale

Residential For Sale

Residential For Sale

8856 St Margarets Bay Road, Queensland, NS B0J 1T0

Residential For Sale

Residential For Sale

Residential For Sale

8848 St Margarets Bay Road, Queensland, NS B0J 1T0

Residential For Sale

Residential For Sale

Residential For Sale

4 Lewis Street, Halifax, NS B3R 1P6

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.