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

32 Gaudet Road, St. Bernard, NS B0W 3T0

More Details

2Bedroom(s)

1Bathroom(s)

28Picture(s)

1,063Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$165000

Residential For Sale

32 Gaudet Road, St. Bernard, NS B0W 3T0

2Bedroom(s)

1Bathroom(s)

1,063Sqft

Listing courtesy of RE/MAX Banner Real Estate

Welcome to 32 Gaudet Road, Belliveau's Cove NS. This two bedroom home sits on the quiet Gaudet Road, overlooking the beautiful St. Mary's Bay: and only a few short minutes from the town of Weymouth and it's amenities. Upon entering you will find the dine in kitchen- which has a beautiful view of the water.

C$165000

Residential For Sale

32 Gaudet Road, St. Bernard, NS B0W 3T0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$165000

Residential For Sale

26 Gantry Road, Middle Sackville, NS B4E 1B9

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

19Picture(s)

816Sqft

Listing courtesy of RE/MAX Nova

C$189900

Residential For Sale

26 Gantry Road, Middle Sackville, NS B4E 1B9

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

816Sqft

Listing courtesy of RE/MAX Nova

Welcome to 26 Gantry Road! This well-maintained mini home offers 3 bedrooms and 1 bathroom, perfect for those seeking a comfortable and affordable lifestyle. Recent updates include a new roof (Oct 2025), new front and back decks, new back door, new tie-downs, new flooring, fresh paint, updated baseboards and trim, new countertop and kitchen taps, and a new double closet in the primary bedroom.

C$189900

Residential For Sale

26 Gantry Road, Middle Sackville, NS B4E 1B9

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$189900

Residential For Sale

5 Dickson Drive, North River, NS B6L 6C1

More Details

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

35Picture(s)

1,558Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$399000

Residential For Sale

5 Dickson Drive, North River, NS B6L 6C1

2Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,558Sqft

Listing courtesy of Royal LePage Truro Real Estate

5 Dickson Drive is an immaculately kept 2 bedroom, 1.5 bath home. This home is ideal for entertaining or family functions boasting of a large backyard, an above-ground pool, large deck and gazebo. The family/rec room has a built in bar/serving area with a corner pellet stove. This cozy, inviting, spacious property has to be seen to be fully appreciated.

C$399000

Residential For Sale

5 Dickson Drive, North River, NS B6L 6C1

Listing courtesy of Royal LePage Truro Real Estate

2Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

7 Lake Charles Drive, Dartmouth, NS B2X 2T1

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

1,957Sqft

Listing courtesy of Royal LePage Atlantic

C$689900

Residential For Sale

7 Lake Charles Drive, Dartmouth, NS B2X 2T1

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,957Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 7 Lake Charles Drive, a loved Family Home in a Sought-After Neighbourhood! Nestled in one of the area’s most desirable communities, this charming 4-bedroom, 2.5-bath home has been lovingly cared for and thoughtfully maintained over the years. With a classic layout designed for family living, it offers comfort, functionality, and plenty of space to make new memories.

C$689900

Residential For Sale

7 Lake Charles Drive, Dartmouth, NS B2X 2T1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

3Bathroom(s)

C$689900

Residential For Sale

10 Ashgrove Avenue, Cole Harbour, NS B2V 1G1

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

28Picture(s)

2,044Sqft

Listing courtesy of Royal LePage Atlantic

C$509900

Residential For Sale

10 Ashgrove Avenue, Cole Harbour, NS B2V 1G1

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,044Sqft

Listing courtesy of Royal LePage Atlantic

Presenting this Colby Village split entry with a different look and layout, and offered at an affordable price. Open and roomy foyer leading to the upper level which includes eat in kitchen, separate dining room, and living room with vaulted ceiling. One bedroom up and three in the lower level; two full baths.

C$509900

Residential For Sale

10 Ashgrove Avenue, Cole Harbour, NS B2V 1G1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$509900

Residential For Sale

1990 Caldwell Road, Eastern Passage, NS B3G 1H9

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

42Picture(s)

1,257Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$360000

Residential For Sale

1990 Caldwell Road, Eastern Passage, NS B3G 1H9

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,257Sqft

Listing courtesy of EXP Realty of Canada Inc.

3 Bedrooms | 1 Bathroom | Ocean Views | Move-In Ready Welcome to 1990 Caldwell Road, a charming move-in-ready home offering breathtaking ocean views from your spacious front deck — perfect for morning coffees or evening sunsets over the water.

C$360000

Residential For Sale

1990 Caldwell Road, Eastern Passage, NS B3G 1H9

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

1Bathroom(s)

C$360000

Residential For Sale

60 Ridgepark Lane, Nova Scotia, NS B3N 3J2

More Details

6Bedroom(s)

4Bathroom(s)

AttachedParking(s)

43Picture(s)

2,864Sqft

Listing courtesy of Domus Realty Limited

C$875000

Residential For Sale

60 Ridgepark Lane, Nova Scotia, NS B3N 3J2

6Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,864Sqft

Listing courtesy of Domus Realty Limited

Welcome to this extensively renovated single-family detached home in the desirable Stoneridge community! The heart of this home is truly a show stopper, featuring a stunning, extensively renovated kitchen perfect for foodies, bakers and entertaining guests. Step outside to your private back deck, an incredible space for outdoor gatherings and relaxation.

C$875000

Residential For Sale

60 Ridgepark Lane, Nova Scotia, NS B3N 3J2

Listing courtesy of Domus Realty Limited

6Bedroom(s)

4Bathroom(s)

C$875000

Residential For Sale

260 Circle Drive, Lake Echo, NS B3E 1C2

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

50Picture(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$249900

Residential For Sale

260 Circle Drive, Lake Echo, NS B3E 1C2

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to Mountain View Estates! A great community with so much to offer including a full playground and ball field, lake access where you can go fishing within park boundaries and Lake Echo Rec Centre & Beach are just minutes away offering 4-season fun! (swimming, kayaking, skating, fishing, etc).

C$249900

Residential For Sale

260 Circle Drive, Lake Echo, NS B3E 1C2

Listing courtesy of Royal LePage Atlantic (Dartmouth)

2Bedroom(s)

1Bathroom(s)

C$249900

Residential For Sale

39 Hazelnut Court, Dartmouth, NS B2X 3V4

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,218Sqft

Listing courtesy of RE/MAX Nova

C$699900

Residential For Sale

39 Hazelnut Court, Dartmouth, NS B2X 3V4

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,218Sqft

Listing courtesy of RE/MAX Nova

Welcome to 39 Hazelnut Court! This beautifully maintained 4-bedroom, 3-bath split-entry home is perfectly situated on a quiet cul-de-sac in a sought-after, family-friendly community. Step inside to find a bright and spacious layout designed for comfortable living. The large kitchen overlooks the backyard and offers plenty of counter space, ideal for cooking and entertaining.

C$699900

Residential For Sale

39 Hazelnut Court, Dartmouth, NS B2X 3V4

Listing courtesy of RE/MAX Nova

4Bedroom(s)

3Bathroom(s)

C$699900

Residential For Sale

64 Rose Street, Dartmouth, NS B3A 2T9

More Details

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

50Picture(s)

2,539Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$724900

Residential For Sale

64 Rose Street, Dartmouth, NS B3A 2T9

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

2,539Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Set in the heart of Dartmouth’s beloved Flower Streets, 64 Rose Street stands out as one of the newer homes in this historic neighbourhood, built just 13 years ago and offering a rare combination of charm, space, and modern efficiency.

C$724900

Residential For Sale

64 Rose Street, Dartmouth, NS B3A 2T9

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$724900

Residential For Sale

567 Indian Point Road, Glen Haven, NS B3Z 2T5

More Details

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

39Picture(s)

2,857Sqft

Listing courtesy of Royal LePage Atlantic

C$599900

Residential For Sale

567 Indian Point Road, Glen Haven, NS B3Z 2T5

5Bedroom(s)

3Bathroom(s)

GravelParking(s)

2,857Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 567 Indian Point Road in Glen Haven, a seaside community where privacy, ocean air, and a wonderful community come together. Just 10 minutes from the Head of St. Margaret’s Bay for shops, services, and great schools, and only a 10-minute walk to Micou’s Island Beach, one of the area’s hidden gems for swimming, paddling, and beach walks.

C$599900

Residential For Sale

567 Indian Point Road, Glen Haven, NS B3Z 2T5

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

3Bathroom(s)

C$599900

Residential For Sale

135 Aylward Road, Falmouth, NS B0P 1P0

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

44Picture(s)

2,389Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$619000

Residential For Sale

135 Aylward Road, Falmouth, NS B0P 1P0

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,389Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to 135 Aylward Road in beautiful Falmouth, Nova Scotia—an executive 4 bedroom, 4 bathroom two-storey home offering exceptional versatility, comfort, and value. Set on an oversized landscaped lot backing onto the desirable Valleyview subdivision, this property blends family living with outstanding investment potential.

C$619000

Residential For Sale

135 Aylward Road, Falmouth, NS B0P 1P0

Listing courtesy of Royal LePage Atlantic (New Minas)

4Bedroom(s)

4Bathroom(s)

C$619000

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 Gaudet Road, St. Bernard, NS B0W 3T0

Residential For Sale

Residential For Sale

Residential For Sale

26 Gantry Road, Middle Sackville, NS B4E 1B9

Residential For Sale

Residential For Sale

Residential For Sale

5 Dickson Drive, North River, NS B6L 6C1

Residential For Sale

Residential For Sale

Residential For Sale

7 Lake Charles Drive, Dartmouth, NS B2X 2T1

Residential For Sale

Residential For Sale

Residential For Sale

10 Ashgrove Avenue, Cole Harbour, NS B2V 1G1

Residential For Sale

Residential For Sale

Residential For Sale

1990 Caldwell Road, Eastern Passage, NS B3G 1H9

Residential For Sale

Residential For Sale

Residential For Sale

60 Ridgepark Lane, Nova Scotia, NS B3N 3J2

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.