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

148 D'orsay Road, East Amherst, NS B4H 3Y2

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

39Picture(s)

2,244Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$359900

Residential For Sale

148 D'orsay Road, East Amherst, NS B4H 3Y2

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

2,244Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

Beautifully Maintained 4-Bedroom Bungalow! This home truly defines “Pride of Ownership”—from the immaculately kept exterior to the spotless interior. Outside, you’ll find a pristine exterior with well-maintained siding and an upgraded roof, surrounded by lush green space and a handy storage shed for all your garden tools.

C$359900

Residential For Sale

148 D'orsay Road, East Amherst, NS B4H 3Y2

Listing courtesy of Royal LePage Cumberland Realty Ltd.

4Bedroom(s)

2Bathroom(s)

C$359900

Residential For Sale

4 Jenifer Court, New Minas, NS B4N 0H7

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

24Picture(s)

1,192Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$350000

Residential For Sale

4 Jenifer Court, New Minas, NS B4N 0H7

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,192Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Absolutely no maintenance required! Built just 5 years ago, this immaculate one-level, semi-detached home is genuinely move-in ready, -- saving you thousands on renovations. It features 3 comfortable bedrooms and 1 full bath, perfect for first-time buyers or those looking to downsize to an effortless lifestyle. Enjoy your morning coffee on the front sitting area/verandah.

C$350000

Residential For Sale

4 Jenifer Court, New Minas, NS B4N 0H7

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

1Bathroom(s)

C$350000

Residential For Sale

1438 Hwy 2, Lantz, NS B2S 1Z8

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

19Picture(s)

1,346Sqft

Listing courtesy of Keller Williams Select Realty

C$419900

Residential For Sale

1438 Hwy 2, Lantz, NS B2S 1Z8

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,346Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 1438 Hwy 2, in Lantz! This stunning semidetached boasts 3 spacious bedrooms and 2 full bathrooms, providing ample space for you and your family to live comfortably. With electric heating throughout and an additional heatpump, you can enjoy the perfect temperature all year round, whether you want to cozy up in the winter or stay cool in the summer.

C$419900

Residential For Sale

1438 Hwy 2, Lantz, NS B2S 1Z8

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

2Bathroom(s)

C$419900

Residential For Sale

62 West Pleasant Street, Amherst, NS B4H 1E8

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

37Picture(s)

1,821Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$249900

Residential For Sale

62 West Pleasant Street, Amherst, NS B4H 1E8

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,821Sqft

Listing courtesy of Coldwell Banker Performance Realty

A solid century home with the modern updates you're looking for! This property perfectly blends classic character with modern comfort, making it an ideal family residence. The home features: Fresh paint throughout A practical mudroom helps keep the elements out and the entrance tidy Large quality kitchen open to the dining room 3 large bedrooms and 2 full bathrooms.

C$249900

Residential For Sale

62 West Pleasant Street, Amherst, NS B4H 1E8

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

2Bathroom(s)

C$249900

Residential For Sale

11 Kirkwood Court, Bedford, NS B4A 0A9

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

40Picture(s)

2,432Sqft

Listing courtesy of Royal LePage Atlantic

C$649900

Residential For Sale

11 Kirkwood Court, Bedford, NS B4A 0A9

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,432Sqft

Listing courtesy of Royal LePage Atlantic

Thinking Condo Lifestyle - But Not the Condo Building? Then this one’s for you! All the comfort and space of a single-family home - without the upkeep.

C$649900

Residential For Sale

11 Kirkwood Court, Bedford, NS B4A 0A9

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$649900

Residential For Sale

37 Claymore Lane, Big Pond, NS B1J 1S7

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

33Picture(s)

1,258Sqft

Listing courtesy of 3% Realty Nova Scotia

C$199000

Residential For Sale

37 Claymore Lane, Big Pond, NS B1J 1S7

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,258Sqft

Listing courtesy of 3% Realty Nova Scotia

Nestled on a quiet dead-end street with breathtaking year-round views of the Bras d’Or Lake, this charming 2-bedroom, 1-bath home (easily converted into 3 bedrooms) offers the perfect blend of comfort and scenic beauty. The spacious sunlit interior features a delightful sunporch with sliding patio doors, a cozy reading nook, and a breakfast area.

C$199000

Residential For Sale

37 Claymore Lane, Big Pond, NS B1J 1S7

Listing courtesy of 3% Realty Nova Scotia

2Bedroom(s)

1Bathroom(s)

C$199000

Residential For Sale

9 Emma Janes Way, Stewiacke, NS B0N 2J0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

39Picture(s)

1,170Sqft

Listing courtesy of RE/MAX Nova

C$430000

Residential For Sale

9 Emma Janes Way, Stewiacke, NS B0N 2J0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,170Sqft

Listing courtesy of RE/MAX Nova

Welcome to this stunning 2 bedroom, 2 bathroom slab on grade home that perfectly blends modern design, comfort, and convenience. Just two years young, this home sits on a large, level lot and is filled with natural light throughout. Step inside to a bright, open-concept living space highlighted by vaulted ceilings and top of the line stainless steel appliances.

C$430000

Residential For Sale

9 Emma Janes Way, Stewiacke, NS B0N 2J0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$430000

Residential For Sale

75b Central Avenue, Fairview, NS B3N 2H5

More Details

5Bedroom(s)

4Bathroom(s)

PavedParking(s)

18Picture(s)

2,940Sqft

Listing courtesy of Royal LePage Atlantic

C$659900

Residential For Sale

75b Central Avenue, Fairview, NS B3N 2H5

5Bedroom(s)

4Bathroom(s)

PavedParking(s)

2,940Sqft

Listing courtesy of Royal LePage Atlantic

Prime Fairview Investment: High Revenue Townhouse Seize a rare opportunity with this impressive 5-bedroom, 4-bathroom townhouse in the highly sought-after Fairview community. This property is an income-generating asset offering immediate returns.

C$659900

Residential For Sale

75b Central Avenue, Fairview, NS B3N 2H5

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

4Bathroom(s)

C$659900

Residential For Sale

128 Hemlock Drive, Elmsdale, NS B2S 1B8

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

44Picture(s)

1,408Sqft

Listing courtesy of Sutton Group Professional Realty

C$399900

Residential For Sale

128 Hemlock Drive, Elmsdale, NS B2S 1B8

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,408Sqft

Listing courtesy of Sutton Group Professional Realty

You’ll love this growing community — close to great schools, parks, shopping, and just 10 minutes to the airport or 20 to Dartmouth Crossing. This bright 3-bedroom semi is perfect for first-time buyers or young families starting their next chapter.

C$399900

Residential For Sale

128 Hemlock Drive, Elmsdale, NS B2S 1B8

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

3 Birchview Drive, Halifax, NS B3P 1G3

More Details

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

44Picture(s)

1,883Sqft

Listing courtesy of Royal LePage Anchor Realty (Spryfield)

C$599900

Residential For Sale

3 Birchview Drive, Halifax, NS B3P 1G3

4Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,883Sqft

Listing courtesy of Royal LePage Anchor Realty (Spryfield)

Imagine life in a mature, established neighbourhood.. This isn't just a house; it's a heartfelt family home nestled in a caring community where every convenience is just around the corner. Step inside and feel the immediate, comforting embrace of cozy living. You'll instantly notice the delightful difference—this is not a cookie-cutter home.

C$599900

Residential For Sale

3 Birchview Drive, Halifax, NS B3P 1G3

Listing courtesy of Royal LePage Anchor Realty (Spryfield)

4Bedroom(s)

2Bathroom(s)

C$599900

Residential For Sale

236 Canoe Lake Estates Road, East Quinan, NS B0W 2M0

More Details

4Bedroom(s)

2Bathroom(s)

WiredParking(s)

49Picture(s)

2,400Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$474900

Residential For Sale

236 Canoe Lake Estates Road, East Quinan, NS B0W 2M0

4Bedroom(s)

2Bathroom(s)

WiredParking(s)

2,400Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to 236 Canoe Lake Estates Road, where the dream of lakeside living becomes a reality. Perfectly nestled amongst the trees and accessible by a long tree lined driveway this property provides unmatched privacy from the moment you arrive. With over 13 acres, mature forest and 500 feet of serene water frontage on Little Round Lake, this 4-bedroom, 1.

C$474900

Residential For Sale

236 Canoe Lake Estates Road, East Quinan, NS B0W 2M0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

4Bedroom(s)

2Bathroom(s)

C$474900

Residential For Sale

2120 Highway 332, Bayport, NS B0J 2C0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

34Picture(s)

2,786Sqft

Listing courtesy of EXIT Realty Inter Lake

C$599000

Residential For Sale

2120 Highway 332, Bayport, NS B0J 2C0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,786Sqft

Listing courtesy of EXIT Realty Inter Lake

There’s something about Bayport that instantly feels like home — the salty air, the winding coastal drive, and that peaceful sense of space you can’t quite find anywhere else. Tucked right between Lunenburg and hiking trails, beautiful beaches and of course the Rose Bay Bistro.

C$599000

Residential For Sale

2120 Highway 332, Bayport, NS B0J 2C0

Listing courtesy of EXIT Realty Inter Lake

5Bedroom(s)

3Bathroom(s)

C$599000

4285 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

148 D'orsay Road, East Amherst, NS B4H 3Y2

Residential For Sale

Residential For Sale

Residential For Sale

4 Jenifer Court, New Minas, NS B4N 0H7

Residential For Sale

Residential For Sale

Residential For Sale

1438 Hwy 2, Lantz, NS B2S 1Z8

Residential For Sale

Residential For Sale

Residential For Sale

62 West Pleasant Street, Amherst, NS B4H 1E8

Residential For Sale

Residential For Sale

Residential For Sale

11 Kirkwood Court, Bedford, NS B4A 0A9

Residential For Sale

Residential For Sale

Residential For Sale

37 Claymore Lane, Big Pond, NS B1J 1S7

Residential For Sale

Residential For Sale

Residential For Sale

9 Emma Janes Way, Stewiacke, NS B0N 2J0

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.