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

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

Residential For Sale

30 South Street, Truro, NS B2N 4C1

More Details

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

49Picture(s)

2,010Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$450000

Residential For Sale

30 South Street, Truro, NS B2N 4C1

4Bedroom(s)

2Bathroom(s)

No GarageParking(s)

2,010Sqft

Listing courtesy of RE/MAX Fairlane Realty

Some homes just have a way of bringing people together. This is one of them the kind of place where the kids friends always end up after school & summer evenings are spent under the gazebo lights out back. From the front step, you can watch the fireworks on Canada Day, wave to friendly neighbours, or head out for an evening stroll.

C$450000

Residential For Sale

30 South Street, Truro, NS B2N 4C1

Listing courtesy of RE/MAX Fairlane Realty

4Bedroom(s)

2Bathroom(s)

C$450000

Residential For Sale

9 Melody Drive, Brookside, NS B3T 1T3

More Details

3Bedroom(s)

3Bathroom(s)

39Picture(s)

1,946Sqft

Listing courtesy of Royal LePage Atlantic

C$799900

Residential For Sale

9 Melody Drive, Brookside, NS B3T 1T3

3Bedroom(s)

3Bathroom(s)

1,946Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to your dream lakefront retreat...I mean estate...no park....wait, it's all of these! This stunning 3-bedroom home sits majestically in a cove on a 2.2-acre park-like property with 124 feet of breathtaking waterfrontage on McGrath Lake in Brookside.

C$799900

Residential For Sale

9 Melody Drive, Brookside, NS B3T 1T3

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

3Bathroom(s)

C$799900

Residential For Sale

109 & 111 Glenwood Drive, Truro, NS B2N 6V9

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

31Picture(s)

1,931Sqft

Listing courtesy of Royal LePage Atlantic

C$349900

Residential For Sale

109 & 111 Glenwood Drive, Truro, NS B2N 6V9

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,931Sqft

Listing courtesy of Royal LePage Atlantic

Attention investors! This over-under duplex is ready for new owners. Each unit has 3 bedrooms, 1 bathroom with laundry, and a spacious kitchen and living room. This property also has large front and back yards and a shed. The metal roof and hot water tank were installed 2 years ago. This property is located just a few minutes away from all of the amenities Truro has to offer.

C$349900

Residential For Sale

109 & 111 Glenwood Drive, Truro, NS B2N 6V9

Listing courtesy of Royal LePage Atlantic

6Bedroom(s)

2Bathroom(s)

C$349900

Residential For Sale

38 Devonport Avenue, Fall River, NS B2T 1A4

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

35Picture(s)

2,456Sqft

Listing courtesy of Royal LePage Atlantic

C$739000

Residential For Sale

38 Devonport Avenue, Fall River, NS B2T 1A4

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,456Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 38 Devonport Avenue in Fall River Village! This beautiful executive split-level home offers 3+1 bedrooms and 3 bathrooms on a meticulously maintained 41,000+ sq. ft. property. The location is ideal, situated in a sought-after school district and close to parks, trails, and amenities.

C$739000

Residential For Sale

38 Devonport Avenue, Fall River, NS B2T 1A4

Listing courtesy of Royal LePage Atlantic

4Bedroom(s)

3Bathroom(s)

C$739000

Residential For Sale

208 Oceanview Drive, Bedford, NS B4A 4G9

More Details

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

24Picture(s)

2,278Sqft

Listing courtesy of RE/MAX Nova

C$569900

Residential For Sale

208 Oceanview Drive, Bedford, NS B4A 4G9

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

2,278Sqft

Listing courtesy of RE/MAX Nova

Impressive 4 bedroom 3.5 bathroom home in sought after Bedford with plenty of upgrades. Bright spacious main floor living area with open concept layout, fireplace, heat pump, and stunning new kitchen. This main floor also has a convenient half bath and direct access to the backyard with large entertaining deck and shed.

C$569900

Residential For Sale

208 Oceanview Drive, Bedford, NS B4A 4G9

Listing courtesy of RE/MAX Nova

4Bedroom(s)

4Bathroom(s)

C$569900

Residential For Sale

16 Commercial Street, Yarmouth, NS B5A 3R6

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

32Picture(s)

1,796Sqft

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

C$135000

Residential For Sale

16 Commercial Street, Yarmouth, NS B5A 3R6

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,796Sqft

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

Discover the potential of this century home, ideally situated on a corner lot in the heart of Yarmouth. Currently configured as a duplex, this property offers excellent versatility for investors or those seeking a home with income potential. The main-level unit features 2 bedrooms, 1 bathroom with laundry hookups, a spacious living and dining area, and a large eat-in kitchen.

C$135000

Residential For Sale

16 Commercial Street, Yarmouth, NS B5A 3R6

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

4Bedroom(s)

2Bathroom(s)

C$135000

Residential For Sale

34 Northumberland Lane, Clayton Park, NS B3M 1R7

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

38Picture(s)

1,912Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$425000

Residential For Sale

34 Northumberland Lane, Clayton Park, NS B3M 1R7

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,912Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 34 Northumberland Lane, a beautifully maintained semi-detached home tucked away on a quiet, family-friendly street in one of Clayton Park’s most desirable neighbourhoods. This property offers the perfect blend of comfort, functionality, and thoughtful upgrades; ideal for families, professionals, or anyone seeking a peaceful retreat with city convenience close at hand.

C$425000

Residential For Sale

34 Northumberland Lane, Clayton Park, NS B3M 1R7

Listing courtesy of Royal LePage Atlantic (Dartmouth)

4Bedroom(s)

3Bathroom(s)

C$425000

Residential For Sale

9658 Highway 215, Walton, NS B0N 2R0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

42Picture(s)

977Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$225000

Residential For Sale

9658 Highway 215, Walton, NS B0N 2R0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

977Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to this charming home nestled on a beautiful lot in the peaceful community of Walton. This property offers a perfect blend of comfort and updates, making it ideal for anyone seeking a move-in ready home with room to enjoy the outdoors! The main level features a welcoming mudroom, spacious kitchen, and adjoining dining area.

C$225000

Residential For Sale

9658 Highway 215, Walton, NS B0N 2R0

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

1Bathroom(s)

C$225000

Residential For Sale

370 King Street, New Waterford, NS B1H 3P6

More Details

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

27Picture(s)

1,791Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$265000

Residential For Sale

370 King Street, New Waterford, NS B1H 3P6

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,791Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Welcome to 370 Hudson St. The perfect family home! This charming and spacious property is ready for its new owners. Featuring four bedrooms and one full bathroom upstairs, it's perfect for a growing family. On the main level, you'll find a bright kitchen, a comfortable living room and a dinning area-ideal for everyday living and entertaining.

C$265000

Residential For Sale

370 King Street, New Waterford, NS B1H 3P6

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

5Bedroom(s)

2Bathroom(s)

C$265000

Residential For Sale

1194 Alma Road, Loch Broom, NS B0K 2A0

More Details

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

24Picture(s)

2,080Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$285000

Residential For Sale

1194 Alma Road, Loch Broom, NS B0K 2A0

4Bedroom(s)

1Bathroom(s)

GravelParking(s)

2,080Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Charming Split-Entry Home on a Private Rural Lot!!! Nestled in a peaceful rural setting, this split-entry home offers the perfect opportunity for those seeking space, privacy, and potential. The property features a beautifully private yard surrounded by nature and it's ideal for anyone who enjoys quiet country living.

C$285000

Residential For Sale

1194 Alma Road, Loch Broom, NS B0K 2A0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

4Bedroom(s)

1Bathroom(s)

C$285000

Residential For Sale

40 Martins Point Road, Enfield, NS B2T 1H9

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

2,512Sqft

Listing courtesy of Royal LePage Atlantic

C$1495000

Residential For Sale

40 Martins Point Road, Enfield, NS B2T 1H9

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,512Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to The Grand Reset — a modern 2,500 sq ft lakeside retreat with 260 ft of private frontage on Grand Lake. Reimagined from top to bottom, this turnkey property blends natural tranquility with contemporary design for the ultimate year-round escape — whether as a permanent home, luxury Airbnb, or family retreat. Set on 1.

C$1495000

Residential For Sale

40 Martins Point Road, Enfield, NS B2T 1H9

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$1495000

4286 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

2120 Highway 332, Bayport, NS B0J 2C0

Residential For Sale

Residential For Sale

Residential For Sale

30 South Street, Truro, NS B2N 4C1

Residential For Sale

Residential For Sale

Residential For Sale

9 Melody Drive, Brookside, NS B3T 1T3

Residential For Sale

Residential For Sale

Residential For Sale

109 & 111 Glenwood Drive, Truro, NS B2N 6V9

Residential For Sale

Residential For Sale

Residential For Sale

38 Devonport Avenue, Fall River, NS B2T 1A4

Residential For Sale

Residential For Sale

Residential For Sale

208 Oceanview Drive, Bedford, NS B4A 4G9

Residential For Sale

Residential For Sale

Residential For Sale

16 Commercial Street, Yarmouth, NS B5A 3R6

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.