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

62 Lake Doucette Road, Lake Doucette, NS B0W 2Y0

More Details

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

36Picture(s)

2,161Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$379900

Residential For Sale

62 Lake Doucette Road, Lake Doucette, NS B0W 2Y0

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,161Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Escape to peace and privacy in this beautifully rebuilt 5-bedroom, 2-bathroom home, nestled in a natural setting just minutes from Lake Doucette and a short drive to Yarmouth’s beaches. Whether you're swimming, boating, or soaking in the lake views, this location offers the best of outdoor living with the comforts of a modern home.

C$379900

Residential For Sale

62 Lake Doucette Road, Lake Doucette, NS B0W 2Y0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

5Bedroom(s)

2Bathroom(s)

C$379900

Residential For Sale

45 Simona Drive, Dartmouth, NS B2X 0E1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

19Picture(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

C$684900

Residential For Sale

45 Simona Drive, Dartmouth, NS B2X 0E1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,643Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 45 Simona Drive, Dartmouth, located in the beautiful Parks of Lake Charles neighbourhood. This semi-detached 3-storey home with a walkout basement features 4 bedrooms, 3.5 bathrooms, and 3 heat pumps—one on each floor. The open-concept main level offers a stylish kitchen with quartz countertops, a spacious dining area, and a bright living room with a natural gas fireplace.

C$684900

Residential For Sale

45 Simona Drive, Dartmouth, NS B2X 0E1

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

4Bathroom(s)

C$684900

Residential For Sale

16 Mathers, Timberlea, NS B3T 1A4

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

25Picture(s)

1,508Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

C$439000

Residential For Sale

16 Mathers, Timberlea, NS B3T 1A4

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,508Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

Welcome to 16 Mathers Court, a charming 3-bedroom semi-detached home located on a quiet cul-de-sac in Timberlea’s Governors Lake subdivision. This property features an extra-large lot, upgraded light fixtures, lake views, and a bright open-concept layout ideal for family living.

C$439000

Residential For Sale

16 Mathers, Timberlea, NS B3T 1A4

Listing courtesy of Assist-2-Sell Homeworks Realty

3Bedroom(s)

2Bathroom(s)

C$439000

Residential For Sale

140 Maple Avenue, New Glasgow, NS B2H 2B6

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

1,751Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$329900

Residential For Sale

140 Maple Avenue, New Glasgow, NS B2H 2B6

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,751Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to your charming new home in the heart of New Glasgow—where character, comfort, and convenience come together! Perfectly situated just steps from vibrant shops, cozy cafés, grocery stores, and every amenity you need, this beautifully maintained property offers the ideal blend of lifestyle and value.

C$329900

Residential For Sale

140 Maple Avenue, New Glasgow, NS B2H 2B6

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$329900

Residential For Sale

45 Redden Avenue, New Minas, NS B4N 3H8

More Details

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

48Picture(s)

2,232Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$395000

Residential For Sale

45 Redden Avenue, New Minas, NS B4N 3H8

5Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,232Sqft

Listing courtesy of MacKay Real Estate Ltd.

Welcome to 45 Redden Avenue, a home that offers quality construction and lots of greenspace in the heart of the Village of New Minas! This 5-bedroom two bath home is ideal for the growing family, with lots of living space and a large back yard for children or pets to enjoy.

C$395000

Residential For Sale

45 Redden Avenue, New Minas, NS B4N 3H8

Listing courtesy of MacKay Real Estate Ltd.

5Bedroom(s)

2Bathroom(s)

C$395000

Residential For Sale

95 Bentwood Crescent, Cambridge, NS B0P 1G0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,282Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$540000

Residential For Sale

95 Bentwood Crescent, Cambridge, NS B0P 1G0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,282Sqft

Listing courtesy of MacKay Real Estate Ltd.

Welcome to 95 Bentwood Crescent in the desirable Cambridge Woods subdivision. This well-maintained home sits on a private, one-acre, level lot and features an updated eat-in kitchen with a separate formal dining area, most windows and doors are upgraded, hardwood and laminate flooring, and plenty of natural light throughout.

C$540000

Residential For Sale

95 Bentwood Crescent, Cambridge, NS B0P 1G0

Listing courtesy of MacKay Real Estate Ltd.

4Bedroom(s)

3Bathroom(s)

C$540000

Residential For Sale

1340 Frasers Mountain Road, New Glasgow, NS B2H 0C9

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

41Picture(s)

1,502Sqft

Listing courtesy of Red Door Realty

C$299900

Residential For Sale

1340 Frasers Mountain Road, New Glasgow, NS B2H 0C9

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,502Sqft

Listing courtesy of Red Door Realty

Welcome to 1340 Frasers Mountain Road — an updated 1,500 sq. ft. single-family home offering comfort, privacy, and exceptional value with low county taxes. Situated on a generous 20,830 sq. ft. lot, this well-maintained property blends modern upgrades with inviting indoor and outdoor living spaces.

C$299900

Residential For Sale

1340 Frasers Mountain Road, New Glasgow, NS B2H 0C9

Listing courtesy of Red Door Realty

4Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

201-40 Regency Park Drive, Halifax, NS B3S 1L4

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

17Picture(s)

1,240Sqft

Listing courtesy of Sutton Group Professional Realty

C$429900

Residential For Sale

201-40 Regency Park Drive, Halifax, NS B3S 1L4

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,240Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to 201 - 40 Regency Park Drive, a bright, beautifully updated 2-bed, 2-bath condo offering comfort, convenience, and truly carefree living in one of Clayton Park’s most desirable communities. Step into a smart, open concept layout perfect for both relaxing and hosting.

C$429900

Residential For Sale

201-40 Regency Park Drive, Halifax, NS B3S 1L4

Listing courtesy of Sutton Group Professional Realty

2Bedroom(s)

2Bathroom(s)

C$429900

Residential For Sale

4617 Highway 215, Noel, NS B0N 1T0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

44Picture(s)

1,798Sqft

Listing courtesy of Press Realty Inc.

C$339900

Residential For Sale

4617 Highway 215, Noel, NS B0N 1T0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,798Sqft

Listing courtesy of Press Realty Inc.

Welcome to 4617 Highway 215 — A Century Farmhouse with Modern Updates This well-maintained 3-bedroom, 1.5-bath farmhouse offers a comfortable blend of character and modern improvements, making it a practical and move-in-ready option. Enjoy views of Cobequid Bay from the large back deck, along with mature crabapple trees and a spacious workshop ideal for storage or projects.

C$339900

Residential For Sale

4617 Highway 215, Noel, NS B0N 1T0

Listing courtesy of Press Realty Inc.

3Bedroom(s)

2Bathroom(s)

C$339900

Residential For Sale

60 Rubys Way, Stewiacke, NS B0N 2J0

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

30Picture(s)

1,170Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$438320

Residential For Sale

60 Rubys Way, Stewiacke, NS B0N 2J0

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,170Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Introducing the Magnolia - TO BE BUILT (Photos of previously built Model Home)-a modern bungalow designed for effortless one-level living. Spanning 1,170 sq ft, this thoughtfully crafted new construction property promises comfort and style.

C$438320

Residential For Sale

60 Rubys Way, Stewiacke, NS B0N 2J0

Listing courtesy of Century 21 Trident Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$438320

Residential For Sale

56 Rubys Way, Stewiacke, NS B0N 2J0

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

30Picture(s)

1,170Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$438320

Residential For Sale

56 Rubys Way, Stewiacke, NS B0N 2J0

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,170Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$438320

Residential For Sale

56 Rubys Way, Stewiacke, NS B0N 2J0

Listing courtesy of Century 21 Trident Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$438320

Residential For Sale

63 Rubys Way Lot 17, Stewiacke, NS B0N 2J0

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

22Picture(s)

1,200Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

C$448320

Residential For Sale

63 Rubys Way Lot 17, Stewiacke, NS B0N 2J0

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,200Sqft

Listing courtesy of Century 21 Trident Realty Ltd.

Introducing The Lilac on Ruby’s Way, Stewiacke - TO BE BUILT (Photos are of previous model home)- a charming, low maintenance and meticulously designed 1,203 sq. ft. bungalow that perfectly balances style and functionality. This two-bedroom, two-bathroom home offers one-level, open-concept living with cathedral ceilings, creating a spacious and airy environment.

C$448320

Residential For Sale

63 Rubys Way Lot 17, Stewiacke, NS B0N 2J0

Listing courtesy of Century 21 Trident Realty Ltd.

2Bedroom(s)

2Bathroom(s)

C$448320

3416 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

62 Lake Doucette Road, Lake Doucette, NS B0W 2Y0

Residential For Sale

Residential For Sale

Residential For Sale

45 Simona Drive, Dartmouth, NS B2X 0E1

Residential For Sale

Residential For Sale

Residential For Sale

16 Mathers, Timberlea, NS B3T 1A4

Residential For Sale

Residential For Sale

Residential For Sale

140 Maple Avenue, New Glasgow, NS B2H 2B6

Residential For Sale

Residential For Sale

Residential For Sale

45 Redden Avenue, New Minas, NS B4N 3H8

Residential For Sale

Residential For Sale

Residential For Sale

95 Bentwood Crescent, Cambridge, NS B0P 1G0

Residential For Sale

Residential For Sale

Residential For Sale

1340 Frasers Mountain Road, New Glasgow, NS B2H 0C9

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.