Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle? You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home

Well, don’t feel trapped anymore! It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:

– save for a down payment

– stop lining your landlord’s pockets, and
– stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

To sum up, there are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or
* losing their dream home to another buyer or,
* (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a great deal? If you fail to research the market in order to understand what comparable homes are selling for, making your offer would be like bdding blind. Without this knowledge of market value, you could easily bid too much, or fail to make a competitive offer at all on an excellent value.

Buying the Wrong Home.

What are you looking for in a home? A simple enough question, but the answer can be quite complex. More than one buyer has been swept up in the emotion and excitement of the buying process only to find themselves the owner of a home that is either too big or too small. Maybe they’re stuck with a longer than desired commute to work, or a dozen more fix-ups than they really want to deal with now that the excitement has died down. Take the time upfront to clearly define your wants and needs. Put it in writing and then use it as a yard stick with which to measure every home you look at.

Unclear Title.

Make sure very early on in the negotiation that you will own your new home free and clear by having a title search completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

Inaccurate Survey.

As part of your offer to purchase, make sure you request an updated property survey which clearly marks your boundaries. If the survey is not current, you may find that there are structural changes that are not shown (e.g. additions to the house, a new swimming pool, a neighbor’s new fence which is extending a boundary line, etc.). Be very clear on these issues.

Undisclosed Fix-ups.

Don’t expect every seller to own up to every physical detail that will need to be attended to. Both you and the seller are out to maximize your investment. Ensure that you conduct a thorough inspection of the home early in the process. Consider hiring an independent inspector to objectively view the home inside and out, and make the final contract contingent upon this inspector’s report. This inspector should be able to give you a report of any item that needs to be fixed with associated, approximate cost.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues, or changing the spirit of the agreement in some way, this could delay the final closing and settlement. Agree ahead of time on a dollar amount for an escrow fund to cover items that the seller fails to follow through on. Prepare a list of agreed issues, walk through them, and check them off one by one.

Hidden Costs.

Make sure you identify and uncover all costs – large and small – far enough ahead of time. When a transaction closes, you will sometimes find fees for this or that sneaking through after the “sub”-total – fees such as loan disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges for you in writing.

Rushing the Closing.

Take your time during this critical part of the process, and insist on seeing all paperwork the day before you sign. Make sure this documentation perfectly reflects your understanding of the transaction, and that nothing has been added or subtracted. Is the interest rate right? Is everything covered? If you rush this process on the day of closing, you may run into a last minute snag that you can’t fix without compromising the terms of the deal, the financing, or even the sale itself.

One More Tip…

Find out if your agent offers a Buyer Profile System or “House-hunting Service,” which takes the guesswork out of finding just the right home that matches your needs. This type of program will crossmatch your criteria with ALL available homes on the market and supply you with printed information on an on-going basis. A program like this can help you to affordably move into
the home of your dreams.

Property Type

City

Price

Bedrooms

Bathrooms

Sort Option

Listing ID
Total Finished Area
Price
Add date
Listing Status

Grid

List

Map

RSS

Save Search

Residential For Sale

6632 St Peters Fourchu Road, Framboise Intervale, NS B2J 1E5

More Details

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

42Picture(s)

1,874Sqft

Listing courtesy of Cape Breton Realty

C$399000

Residential For Sale

6632 St Peters Fourchu Road, Framboise Intervale, NS B2J 1E5

3Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,874Sqft

Listing courtesy of Cape Breton Realty

Expansive 3-Bedroom Bungalow on 155 Acres with River Frontage Dream big on this single-level, bungalow-style estate. Spanning 155 acres with a winding river along one edge, this property combines serene rural living with modern convenience and endless potential. This home offers three bedrooms and one bathroom, with a thoughtful layout that keeps everything on one level.

C$399000

Residential For Sale

6632 St Peters Fourchu Road, Framboise Intervale, NS B2J 1E5

Listing courtesy of Cape Breton Realty

3Bedroom(s)

1Bathroom(s)

C$399000

Residential For Sale

929 Barr Settlement Road, East Gore, NS B2S 3G5

More Details

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

20Picture(s)

893Sqft

Listing courtesy of PG Direct Realty Ltd.

C$349000

Residential For Sale

929 Barr Settlement Road, East Gore, NS B2S 3G5

1Bedroom(s)

1Bathroom(s)

DetachedParking(s)

893Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Discover peaceful rural living on 5 cleared acres with this bright and inviting split-entry home-ideal for hobby farming, homesteading, or simply enjoying wide-open space. The main level features a warm, welcoming layout with a kitchen, dining room, living room, bedroom, and full bathroom.

C$349000

Residential For Sale

929 Barr Settlement Road, East Gore, NS B2S 3G5

Listing courtesy of PG Direct Realty Ltd.

1Bedroom(s)

1Bathroom(s)

C$349000

Residential For Sale

157 Parkwood South, Truro Heights, NS B6L 1M1

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,242Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$529900

Residential For Sale

157 Parkwood South, Truro Heights, NS B6L 1M1

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,242Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Quick Closing Available - Be in for Christmas! Welcome to Parkwood South - This inviting 3 bedroom home has everything your family needs—plenty of space, thoughtful upgrades, and a welcoming layout perfect for everyday living.

C$529900

Residential For Sale

157 Parkwood South, Truro Heights, NS B6L 1M1

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

3Bathroom(s)

C$529900

Residential For Sale

5064-131 Knotwood Lane, Middle Sackville, NS B4E 0W7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1Picture(s)

1,815Sqft

Listing courtesy of Sutton Group Professional Realty

C$1049900

Residential For Sale

5064-131 Knotwood Lane, Middle Sackville, NS B4E 0W7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,815Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to the market, 'The Sienna' a facsimile listing for one of Marchand Homes’ custom bungalows, to be built on a stunning 8.58 acre lakefront lot on Drain Lake in the highly sought-after community of Indigo Shores.

C$1049900

Residential For Sale

5064-131 Knotwood Lane, Middle Sackville, NS B4E 0W7

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$1049900

Residential For Sale

9 Victor Avenue, Amherst, NS B4H 2L3

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

15Picture(s)

702Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$69900

Residential For Sale

9 Victor Avenue, Amherst, NS B4H 2L3

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

702Sqft

Listing courtesy of Coldwell Banker Performance Realty

Affordable home with great potential new West Highlands School. Welcome to 9 Victor Avenue, a 2-bedroom, 1-bath home located close to West Highlands School, parks and nearby stores. The house has been partially updated, with the front portion already completed, giving a good starting point for someone looking to continue the work.

C$69900

Residential For Sale

9 Victor Avenue, Amherst, NS B4H 2L3

Listing courtesy of Coldwell Banker Performance Realty

2Bedroom(s)

1Bathroom(s)

C$69900

Residential For Sale

45 Littles Road, Terence Bay, NS B3T 1Y7

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

38Picture(s)

2,367Sqft

Listing courtesy of Royal LePage Atlantic

C$499000

Residential For Sale

45 Littles Road, Terence Bay, NS B3T 1Y7

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,367Sqft

Listing courtesy of Royal LePage Atlantic

If you've been dreaming of the coastal retreat of your dreams with sweeping, expansive ocean views, welcome to 45 Littles Road. Nestled in the heart of Terence Bay, one of Nova Scotia's most picturesque oceanfront communities, you'll find inspiration in every direction. Inside, you’ll find over 2,300 sq. ft.

C$499000

Residential For Sale

45 Littles Road, Terence Bay, NS B3T 1Y7

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

144 Winburn Avenue, Bridgewater, NS B4V 3S9

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

27Picture(s)

1,336Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

C$529000

Residential For Sale

144 Winburn Avenue, Bridgewater, NS B4V 3S9

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,336Sqft

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

Enjoy effortless one-level living in this modern 3-bedroom 2 bath home, only 2 years old and designed with comfort, convenience, and privacy in mind. Built on a slab with efficient in-floor heating, home offers warm, even temperatures year-round. The bright open-concept kitchen & living room provides an inviting space for gathering & everyday living.

C$529000

Residential For Sale

144 Winburn Avenue, Bridgewater, NS B4V 3S9

Listing courtesy of RE/MAX Banner Real Estate (Bridgewater)

3Bedroom(s)

2Bathroom(s)

C$529000

Residential For Sale

Bezanson Drive Lot 10, Berwick, NS B0P 1E0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

35Picture(s)

1,413Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$499000

Residential For Sale

Bezanson Drive Lot 10, Berwick, NS B0P 1E0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,413Sqft

Listing courtesy of MacKay Real Estate Ltd.

Welcome to 10 Bezanson Drive, a brand new bungalow constructed by Forsythe Homes Ltd. that is literally located within the shadow of the Kings Mutual Century Centre! This wonderfully appointed home is built on a slab and features a modern layout with three large bedrooms that will suit both the growing family as well as those looking to downsize to one level living.

C$499000

Residential For Sale

Bezanson Drive Lot 10, Berwick, NS B0P 1E0

Listing courtesy of MacKay Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

795 Oak Park Road, Oak Park, NS B0W 1E0

More Details

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

25Picture(s)

3,184Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

C$139000

Residential For Sale

795 Oak Park Road, Oak Park, NS B0W 1E0

2Bedroom(s)

3Bathroom(s)

GravelParking(s)

3,184Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

Discover exceptional potential in this spacious 1.5-storey, 3,184 sq. ft. building, rich with character and history. Previously serving as a school, church, and arcade, this property offers a rare blend of charm, durability, and versatility—perfect for creative buyers, entrepreneurs, or those seeking a unique live-work space at an affordable price.

C$139000

Residential For Sale

795 Oak Park Road, Oak Park, NS B0W 1E0

Listing courtesy of Viewpoint Realty Services Inc. (Barrington Passage)

2Bedroom(s)

3Bathroom(s)

C$139000

Residential For Sale

104 Peggys Cove Road, French Village, NS B3Z 2V1

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4Picture(s)

2,154Sqft

Listing courtesy of Engel & Volkers

C$789900

Residential For Sale

104 Peggys Cove Road, French Village, NS B3Z 2V1

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,154Sqft

Listing courtesy of Engel & Volkers

Welcome to The Magnolia — A Signature Home by Ramar Homes. Nestled on nearly an acre private lot in prestigious French Village, The Magnolia offers the perfect blend of elegance, privacy, and coastal charm.

C$789900

Residential For Sale

104 Peggys Cove Road, French Village, NS B3Z 2V1

Listing courtesy of Engel & Volkers

4Bedroom(s)

3Bathroom(s)

C$789900

Residential For Sale

102 Peggys Cove Road, French Village, NS B3Z 2V1

More Details

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

5Picture(s)

2,780Sqft

Listing courtesy of Engel & Volkers

C$869900

Residential For Sale

102 Peggys Cove Road, French Village, NS B3Z 2V1

4Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,780Sqft

Listing courtesy of Engel & Volkers

Introducing “The Canso” by Ramar Homes – where timeless design meets coastal sophistication. Ideally situated on a private lot in the sought-after seaside enclave of French Village, this versatile 2-storey home offers the perfect harmony of elegance, coastal charm, and convenience.

C$869900

Residential For Sale

102 Peggys Cove Road, French Village, NS B3Z 2V1

Listing courtesy of Engel & Volkers

4Bedroom(s)

4Bathroom(s)

C$869900

Residential For Sale

100 Peggys Cove Road, French Village, NS B3Z 2V1

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

5Picture(s)

3,230Sqft

Listing courtesy of Engel & Volkers

C$999900

Residential For Sale

100 Peggys Cove Road, French Village, NS B3Z 2V1

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,230Sqft

Listing courtesy of Engel & Volkers

Nestled in the new development, Off the Peggys Cove Road, this luxurious home offers the best of both worlds - a peaceful retreat surrounded by nature and a serene view of the ocean, while still being within easy reach of all the amenities. Ramar Homes is proud to present the Juniper, a bungalow with open concept main floor living.

C$999900

Residential For Sale

100 Peggys Cove Road, French Village, NS B3Z 2V1

Listing courtesy of Engel & Volkers

5Bedroom(s)

3Bathroom(s)

C$999900

3361 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

6632 St Peters Fourchu Road, Framboise Intervale, NS B2J 1E5

Residential For Sale

Residential For Sale

Residential For Sale

929 Barr Settlement Road, East Gore, NS B2S 3G5

Residential For Sale

Residential For Sale

Residential For Sale

157 Parkwood South, Truro Heights, NS B6L 1M1

Residential For Sale

Residential For Sale

Residential For Sale

5064-131 Knotwood Lane, Middle Sackville, NS B4E 0W7

Residential For Sale

Residential For Sale

Residential For Sale

9 Victor Avenue, Amherst, NS B4H 2L3

Residential For Sale

Residential For Sale

Residential For Sale

45 Littles Road, Terence Bay, NS B3T 1Y7

Residential For Sale

Residential For Sale

Residential For Sale

144 Winburn Avenue, Bridgewater, NS B4V 3S9

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.