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

Lot 206 Memorial Court, Kentville Ns B4n 0h3

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1Picture(s)

1,658Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$679900

Residential For Sale

Lot 206 Memorial Court, Kentville Ns B4n 0h3

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,658Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Introducing a stunning new construction home, conveniently located within walking distance to downtown. This 1658 square foot home boasts an array of features designed to enhance comfort, functionality, and aesthetic appeal. As you approach, the eye-catching stone accents and cedar-style shake accents welcome you to the covered front patio, providing a cozy spot to enjoy the tranquil surroundings.

C$679900

Residential For Sale

Lot 206 Memorial Court, Kentville Ns B4n 0h3

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

2Bathroom(s)

C$679900

Residential For Sale

Lot A-7 Woodchuck Lane, Goffs Ns B2t 1b9

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1Picture(s)

1,655Sqft

Listing courtesy of Sutton Group Professional Realty

C$588400

Residential For Sale

Lot A-7 Woodchuck Lane, Goffs Ns B2t 1b9

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,655Sqft

Listing courtesy of Sutton Group Professional Realty

Pinetree plan by Marchand Homes. Located close to amenities in Enfield Elmsdale and with easy access to Halifax and Dartmouth via the 102 HWY. This home offers an open concept kitchen/dining room and living room. Two bedrooms and a full bath on the main level and a third bedroom, full bath and rec room on the lower level with single car garage. This home is a great option for family living.

C$588400

Residential For Sale

Lot A-7 Woodchuck Lane, Goffs Ns B2t 1b9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$588400

Residential For Sale

141 River Head Road, Port Mouton Ns B0t 1t0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

45Picture(s)

2,102Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$479900

Residential For Sale

141 River Head Road, Port Mouton Ns B0t 1t0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,102Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Welcome to your own slice of paradise on 11.5 acres of serene land. This charming 3-bedroom, 2-bath home offers a perfect blend of comfort and natural beauty. As you approach the house, you're greeted by a beautiful covered patio that wraps around two sides, inviting you to enjoy the outdoors in all seasons. Step inside to discover an open concept kitchen and dining area on the main level.

C$479900

Residential For Sale

141 River Head Road, Port Mouton Ns B0t 1t0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

2Bathroom(s)

C$479900

Residential For Sale

A-2 Woodchuck Lane, Goffs Ns B2t 1b9

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2Picture(s)

2,347Sqft

Listing courtesy of Sutton Group Professional Realty

C$699900

Residential For Sale

A-2 Woodchuck Lane, Goffs Ns B2t 1b9

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,347Sqft

Listing courtesy of Sutton Group Professional Realty

Austin plan by Marchand Homes. Easy access to the 102 hwy and Halifax or Dartmouth. This executive split entry has a double car garage with fusion stone on both sides of the garage door 4' up. There is an ensuite bath off the primary bedroom with a free standing tub, 5' tiled shower with acrylic base and walk in closet in the bedroom.

C$699900

Residential For Sale

A-2 Woodchuck Lane, Goffs Ns B2t 1b9

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

3Bathroom(s)

C$699900

Residential For Sale

2408 Louisbourg Main A Dieu Road, Main-à-dieu Ns B1c 1y9

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

48Picture(s)

3,034Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$725000

Residential For Sale

2408 Louisbourg Main A Dieu Road, Main-à-dieu Ns B1c 1y9

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,034Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

This stunning oceanfront property boasts a tranquil location with breathtaking views of the sparkling waters and serene coastline. The layout of this home is ideal for entertaining with spacious living areas that flow seamlessly making gatherings enjoyable and effortless.

C$725000

Residential For Sale

2408 Louisbourg Main A Dieu Road, Main-à-dieu Ns B1c 1y9

Listing courtesy of Coldwell Banker Boardwalk Realty

5Bedroom(s)

3Bathroom(s)

C$725000

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

40Picture(s)

1,040Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$265500

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,040Sqft

Listing courtesy of RE/MAX Banner Real Estate

Charming newer two bedroom house with privacy and lake access. Beautifully designed open concept living this home features quality flooring, crown moldings and finishing touches. Built on a slab with lots of insulation this great looking home is in move-in-condition and is ready for a quick closing.

C$265500

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$265500

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

49Picture(s)

1,040Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$265500

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,040Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$265500

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$265500

Residential For Sale

317-2250 Maitland Street, Halifax Ns B3k 2z9

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

13Picture(s)

610Sqft

Listing courtesy of Keller Williams Select Realty

C$551900

Residential For Sale

317-2250 Maitland Street, Halifax Ns B3k 2z9

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

610Sqft

Listing courtesy of Keller Williams Select Realty

OPEN HOUSES ARE LOCATED AT THE SALES CENTRE AT 2179 GOTTINGEN ST Floor Plan C1 Live: Contemporary, calm spaces to live in. The perfect tonic to the hustle & bustle outside your front door. "Live” is the place we design as the canvas for our life, what we cultivate as our home and personal zone.

C$551900

Residential For Sale

317-2250 Maitland Street, Halifax Ns B3k 2z9

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

1Bathroom(s)

C$551900

Residential For Sale

214-2250 Maitland Street, Halifax Ns B3k 2z9

More Details

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

17Picture(s)

715Sqft

Listing courtesy of Keller Williams Select Realty

C$611900

Residential For Sale

214-2250 Maitland Street, Halifax Ns B3k 2z9

2Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

715Sqft

Listing courtesy of Keller Williams Select Realty

OPEN HOUSES ARE LOCATED AT THE SALES CENTRE AT 2179 GOTTINGEN ST Floor Plan C3b Live: Contemporary, calm spaces to live in. The perfect tonic to the hustle & bustle outside your front door. "Live” is the place we design as the canvas for our life, what we cultivate as our home and personal zone.

C$611900

Residential For Sale

214-2250 Maitland Street, Halifax Ns B3k 2z9

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

1Bathroom(s)

C$611900

Residential For Sale

312-2250 Maitland Street, Halifax Ns B3k 2z9

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

13Picture(s)

675Sqft

Listing courtesy of Keller Williams Select Realty

C$621900

Residential For Sale

312-2250 Maitland Street, Halifax Ns B3k 2z9

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

675Sqft

Listing courtesy of Keller Williams Select Realty

OPEN HOUSES ARE LOCATED AT THE SALES CENTRE AT 2179 GOTTINGEN ST Floor Plan C2 Live: Contemporary, calm spaces to live in. The perfect tonic to the hustle & bustle outside your front door. "Live” is the place we design as the canvas for our life, what we cultivate as our home and personal zone.

C$621900

Residential For Sale

312-2250 Maitland Street, Halifax Ns B3k 2z9

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$621900

Residential For Sale

Shoreline Bluff Lane Lot 8, Fox Point Ns B0j 1t0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

10Picture(s)

1,912Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$974800

Residential For Sale

Shoreline Bluff Lane Lot 8, Fox Point Ns B0j 1t0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,912Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Nestled across from pristine shoreline, one will find the exclusive new 'Shoreline Bluff Residences' neighbourhood offering an unparalleled opportunity for those who demand the best in coastal living. This intimate enclave of just seven residences promises the pinnacle of distinctive architectural design and coastline living.

C$974800

Residential For Sale

Shoreline Bluff Lane Lot 8, Fox Point Ns B0j 1t0

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$974800

Residential For Sale

Kingston Court, Three Mile Plains Ns B0n 2t0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,459Sqft

Listing courtesy of Royal LePage Anchor Realty

C$499900

Residential For Sale

Kingston Court, Three Mile Plains Ns B0n 2t0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,459Sqft

Listing courtesy of Royal LePage Anchor Realty

Our model home is ready for you to move in relax and enjoy! Wait until you see the up grades! Welcome to the Woodlands! Conveniently located on the doorstep of The Historical Windsor/ West Hants region of beautiful Nova Scotia! Picturesque Three Mile Plains offers this newly developing mature lifestyle community only 40 minutes to Halifax.

C$499900

Residential For Sale

Kingston Court, Three Mile Plains Ns B0n 2t0

Listing courtesy of Royal LePage Anchor Realty

3Bedroom(s)

2Bathroom(s)

C$499900

4333 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

Lot 206 Memorial Court, Kentville Ns B4n 0h3

Residential For Sale

Residential For Sale

Residential For Sale

Lot A-7 Woodchuck Lane, Goffs Ns B2t 1b9

Residential For Sale

Residential For Sale

Residential For Sale

141 River Head Road, Port Mouton Ns B0t 1t0

Residential For Sale

Residential For Sale

Residential For Sale

A-2 Woodchuck Lane, Goffs Ns B2t 1b9

Residential For Sale

Residential For Sale

Residential For Sale

2408 Louisbourg Main A Dieu Road, Main-à-dieu Ns B1c 1y9

Residential For Sale

Residential For Sale

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

Residential For Sale

Residential For Sale

Residential For Sale

580 Rumsey Lake Road, Arlington West Ns B0s 1l0

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.