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

3 Garden Court Terrace, Dartmouth, NS B3A 3S6

More Details

3Bedroom(s)

2Bathroom(s)

AssignedParking(s)

32Picture(s)

1,372Sqft

Listing courtesy of Royal LePage Atlantic

C$425000

Residential For Sale

3 Garden Court Terrace, Dartmouth, NS B3A 3S6

3Bedroom(s)

2Bathroom(s)

AssignedParking(s)

1,372Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 3 Garden Court Terrace in Dartmouth! This sunny and bright three bedroom condo townhome in a highly sought after location close to major amenities, schools, trails, and Lake Banook. As you enter, the front foyer leads into the updated kitchen with stainless steel appliances.

C$425000

Residential For Sale

3 Garden Court Terrace, Dartmouth, NS B3A 3S6

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

2Bathroom(s)

C$425000

Residential For Sale

21 Zeppelin Crescent, Beechville, NS B3T 0B0

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

46Picture(s)

2,197Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$689900

Residential For Sale

21 Zeppelin Crescent, Beechville, NS B3T 0B0

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

2,197Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to Lovett Lake! New construction at its best!! This four bedroom, 3.5 bath detached home will sure to please the whole family. Spacious living area, eat in kitchen with dining room, great place to entertain family and friends.

C$689900

Residential For Sale

21 Zeppelin Crescent, Beechville, NS B3T 0B0

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$689900

Residential For Sale

14096 Highway 1, Hants Border, NS B0P 1P0

More Details

4Bedroom(s)

5Bathroom(s)

DetachedParking(s)

50Picture(s)

2,263Sqft

Listing courtesy of Exit Realty Metro

C$641999

Residential For Sale

14096 Highway 1, Hants Border, NS B0P 1P0

4Bedroom(s)

5Bathroom(s)

DetachedParking(s)

2,263Sqft

Listing courtesy of Exit Realty Metro

Welcome to this exceptional 3-bedroom, 4-bathroom custom home offering outstanding value, modern upgrades, and incredible income potential. Located in a desirable area, this property combines high-end finishes, smart functionality, and flexible living options suitable for families, investors, or multigenerational living.

C$641999

Residential For Sale

14096 Highway 1, Hants Border, NS B0P 1P0

Listing courtesy of Exit Realty Metro

4Bedroom(s)

5Bathroom(s)

C$641999

Residential For Sale

6 Lavinia Street, Kentville, NS B4N 1V7

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

39Picture(s)

2,486Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$599900

Residential For Sale

6 Lavinia Street, Kentville, NS B4N 1V7

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,486Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Prepare to be charmed by this stunning mid-century modern home, where vintage vibes meet modern comforts. This beauty is ready for its new owners—maybe it’s you, if you play your cards right! Imagine yourself waking up each day in a place where this is your lifestyle. Located at the end of a quiet street, this property quietly boasts its fabulousness.

C$599900

Residential For Sale

6 Lavinia Street, Kentville, NS B4N 1V7

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

3Bathroom(s)

C$599900

Residential For Sale

29b Wild Rose Drive, East Mountain, NS B6L 2N3

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

50Picture(s)

1,370Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$399000

Residential For Sale

29b Wild Rose Drive, East Mountain, NS B6L 2N3

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,370Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Brand New Semi-Detached Home in East Mountain- Steps from Mountain Gulf Club. Located within walkingdistance of the gulf course and nestled on a quiet dead-end street, these newly built semi-detached homesin East Mountain offer the perfect blend of peaceful country living and modern comfort. Thoughtfullydesigned with in-floor heating throughout, 9 foot ceilings and premium finishes.

C$399000

Residential For Sale

29b Wild Rose Drive, East Mountain, NS B6L 2N3

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$399000

Residential For Sale

163 Brickyard Road, Mira, NS B1K 2R7

More Details

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

18Picture(s)

441Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$250000

Residential For Sale

163 Brickyard Road, Mira, NS B1K 2R7

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

441Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Who does not love the Mira? Welcome to 163 Brickyard Rd where you can have your own little slice of heaven on the very sought after Mira River. This year round bungalow is the perfect all season escape from the hustle and bustle of everyday life.

C$250000

Residential For Sale

163 Brickyard Road, Mira, NS B1K 2R7

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

1Bedroom(s)

1Bathroom(s)

C$250000

Residential For Sale

208 Jackson Point Road, Tidnish Bridge, NS B4H 3X9

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

28Picture(s)

600Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$259900

Residential For Sale

208 Jackson Point Road, Tidnish Bridge, NS B4H 3X9

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

600Sqft

Listing courtesy of Coldwell Banker Performance Realty

Charming Year-Round Home in a Lovely Northumberland Strait Beach Community! Modern Comforts, Multiple Beach Access Points, and Stunning Sunset Views. Discover the perfect blend of comfort and coastal living in this inviting year-round home, nestled in one of the Northumberland Strait’s most desirable beach communities.

C$259900

Residential For Sale

208 Jackson Point Road, Tidnish Bridge, NS B4H 3X9

Listing courtesy of Coldwell Banker Performance Realty

2Bedroom(s)

1Bathroom(s)

C$259900

Residential For Sale

11 Maverick Lane, Devon, NS B2T 1K8

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

23Picture(s)

1,570Sqft

Listing courtesy of Engel & Volkers

C$539900

Residential For Sale

11 Maverick Lane, Devon, NS B2T 1K8

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,570Sqft

Listing courtesy of Engel & Volkers

Dreaming of new construction without breaking the bank? Welcome to Ramar Homes' The Dana - a thoughtfully designed split-entry home that offers the perfect combination of style, function, and affordability. This brand-new build will be fully finished, featuring 3 bedrooms (2 up/ 1 down) and 3 full bathrooms, and a bright, open-concept main level ideal for modern living.

C$539900

Residential For Sale

11 Maverick Lane, Devon, NS B2T 1K8

Listing courtesy of Engel & Volkers

3Bedroom(s)

3Bathroom(s)

C$539900

Residential For Sale

84 Chambers Road, Brooklyn, NS B0N 2A0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

24Picture(s)

902Sqft

Listing courtesy of Sutton Group Professional Realty

C$114900

Residential For Sale

84 Chambers Road, Brooklyn, NS B0N 2A0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

902Sqft

Listing courtesy of Sutton Group Professional Realty

ATTENTION ALL CONTRACTORS AND INVESTORS! Discover the potential in this 3-bedroom house situated on a 1-acre private lot. This property is in need of extensive renovation, but it provides privacy and endless opportunities for renovation, expansion or building your dream home. The main level provides an open concept kitchen and living room layout, 3 bedrooms and a full bathroom.

C$114900

Residential For Sale

84 Chambers Road, Brooklyn, NS B0N 2A0

Listing courtesy of Sutton Group Professional Realty

3Bedroom(s)

2Bathroom(s)

C$114900

Residential For Sale

70 Fraser Road, Timberlea, NS B3T 1J4

More Details

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

22Picture(s)

1,125Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$449900

Residential For Sale

70 Fraser Road, Timberlea, NS B3T 1J4

4Bedroom(s)

1Bathroom(s)

DetachedParking(s)

1,125Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Lovely 4 bedroom bungalow sitting on a 0.25-acre mature-treed lot in the desirable Glengarry Estates subdivision of Timberlea. This home includes a single detached wired garage and an impressive list of recent upgrades. Energy-efficient improvements include a heat pump with three heads, spray-foam insulation in both the attic and basement, new exterior doors, and all new main-floor windows.

C$449900

Residential For Sale

70 Fraser Road, Timberlea, NS B3T 1J4

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

1Bathroom(s)

C$449900

Residential For Sale

62 Maple Avenue, New Glasgow, NS B2H 2B2

More Details

3Bedroom(s)

1Bathroom(s)

OtherParking(s)

36Picture(s)

1,398Sqft

Listing courtesy of Results Realty Atlantic Inc.

C$259900

Residential For Sale

62 Maple Avenue, New Glasgow, NS B2H 2B2

3Bedroom(s)

1Bathroom(s)

OtherParking(s)

1,398Sqft

Listing courtesy of Results Realty Atlantic Inc.

I might start calling this the San Francisco house just because I have fallen in love with grand staircase to the front door. Welcome to 62 Maple St in the historic Town of New Glasgow. This 3bed, 1bath home is ready for its next chapter. Perched on the hill, its been given a few facelifts like the roof in 2022, the bathroom, kitchen and front step in 2023.

C$259900

Residential For Sale

62 Maple Avenue, New Glasgow, NS B2H 2B2

Listing courtesy of Results Realty Atlantic Inc.

3Bedroom(s)

1Bathroom(s)

C$259900

Residential For Sale

11 Harbour Drive, Dartmouth, NS B2Y 3N8

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

48Picture(s)

1,560Sqft

Listing courtesy of Keller Williams Select Realty

C$459900

Residential For Sale

11 Harbour Drive, Dartmouth, NS B2Y 3N8

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,560Sqft

Listing courtesy of Keller Williams Select Realty

Location! Location! Nestled on a quiet street in a highly sought-after area next to downtown Dartmouth, this cozy 1.5-storey home offers unmatched convenience. Just a short walk to the Downtown Dartmouth. Bus stop only two blocks away. Trans Canada Trail sits right across the street. Perfect for outdoor enthusiasts.

C$459900

Residential For Sale

11 Harbour Drive, Dartmouth, NS B2Y 3N8

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$459900

3355 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

3 Garden Court Terrace, Dartmouth, NS B3A 3S6

Residential For Sale

Residential For Sale

Residential For Sale

21 Zeppelin Crescent, Beechville, NS B3T 0B0

Residential For Sale

Residential For Sale

Residential For Sale

14096 Highway 1, Hants Border, NS B0P 1P0

Residential For Sale

Residential For Sale

Residential For Sale

6 Lavinia Street, Kentville, NS B4N 1V7

Residential For Sale

Residential For Sale

Residential For Sale

29b Wild Rose Drive, East Mountain, NS B6L 2N3

Residential For Sale

Residential For Sale

Residential For Sale

163 Brickyard Road, Mira, NS B1K 2R7

Residential For Sale

Residential For Sale

Residential For Sale

208 Jackson Point Road, Tidnish Bridge, NS B4H 3X9

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.