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

556 College Road, Windsor, NS B0N 2T0

More Details

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

23Picture(s)

2,000Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

C$399900

Residential For Sale

556 College Road, Windsor, NS B0N 2T0

5Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,000Sqft

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

Welcome to this bright and spacious 5-bedroom, 2-bathroom split entry home, ideally located around the corner from Kings-Edgehill Private School, downtown Windsor amenities, and Highway 101 for easy commuting to both the Annapolis Valley and Halifax.

C$399900

Residential For Sale

556 College Road, Windsor, NS B0N 2T0

Listing courtesy of Royal LePage Atlantic - Valley(Windsor)

5Bedroom(s)

2Bathroom(s)

C$399900

Residential For Sale

21 Lawnwood Avenue, Halifax, NS B3N 1E6

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

42Picture(s)

1,700Sqft

Listing courtesy of City St Realty

C$589000

Residential For Sale

21 Lawnwood Avenue, Halifax, NS B3N 1E6

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,700Sqft

Listing courtesy of City St Realty

Light. Calm. Beauty. These elements inspired the remarkable transformation of this 2 level, 3 bed bungalow into an intentionally designed, artfully crafted home. Discover a sanctuary nestled between green trees and splendid perennial gardens, on a quiet street just steps from Chocolate Lake.

C$589000

Residential For Sale

21 Lawnwood Avenue, Halifax, NS B3N 1E6

Listing courtesy of City St Realty

3Bedroom(s)

2Bathroom(s)

C$589000

Residential For Sale

2447 Highway 376, Lyons Brook, NS B0K 1H0

More Details

4Bedroom(s)

2Bathroom(s)

NoneParking(s)

50Picture(s)

2,640Sqft

Listing courtesy of RE/MAX Nova

C$335000

Residential For Sale

2447 Highway 376, Lyons Brook, NS B0K 1H0

4Bedroom(s)

2Bathroom(s)

NoneParking(s)

2,640Sqft

Listing courtesy of RE/MAX Nova

COMMERCIAL lot included Affordable Duplex in Lyons Brook with Investment Potential Discover the potential in this duplex located in Lyons Brook. Built in 1990, with a second unit added in 2006, this property offers an excellent opportunity for a well built, spacious 2 unit just outside of town.This duplex includes two 2-bedroom units, perfect for extended family living or as an income property.

C$335000

Residential For Sale

2447 Highway 376, Lyons Brook, NS B0K 1H0

Listing courtesy of RE/MAX Nova

4Bedroom(s)

2Bathroom(s)

C$335000

Residential For Sale

169 Crescent Street, Bridgewater, NS B4V 1L1

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

24Picture(s)

1,185Sqft

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

C$349900

Residential For Sale

169 Crescent Street, Bridgewater, NS B4V 1L1

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,185Sqft

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

In-Town 3 Bedroom Bungalow - Close to Schools, Shopping & Services. Welcome to this charming 3-bedroom bungalow in a convenient in-town location. The home features hardwood floors, a spacious ding room/family room ideal for gatherings, and a bright, welcoming layout perfect for families or those looking to downsize.

C$349900

Residential For Sale

169 Crescent Street, Bridgewater, NS B4V 1L1

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

3Bedroom(s)

1Bathroom(s)

C$349900

Residential For Sale

11 Rampart Court, Beechville, NS B3T 0B0

More Details

4Bedroom(s)

4Bathroom(s)

SingleParking(s)

50Picture(s)

2,197Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$689900

Residential For Sale

11 Rampart Court, 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

11 Rampart Court, Beechville, NS B3T 0B0

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

4Bathroom(s)

C$689900

Residential For Sale

1303 West Jeddore Road, Head Of Jeddore, NS B0J 1P0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

47Picture(s)

2,228Sqft

Listing courtesy of RE/MAX Nova

C$749000

Residential For Sale

1303 West Jeddore Road, Head Of Jeddore, NS B0J 1P0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,228Sqft

Listing courtesy of RE/MAX Nova

Welcome to this glorious oceanfront Hideaway. The property has been renovated from top to bottom and is an absolute gardeners' delight with so many edible plants scattered around the property. When you enter the house. You will be in awe of the panoramic views of the ocean and inlet. The main level has a large open concept, living room, kitchen and dining area.

C$749000

Residential For Sale

1303 West Jeddore Road, Head Of Jeddore, NS B0J 1P0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$749000

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

More Details

4Bedroom(s)

2Bathroom(s)

1.5Parking(s)

36Picture(s)

1,774Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$548000

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

4Bedroom(s)

2Bathroom(s)

1.5Parking(s)

1,774Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Charming 4-Bedroom, 2-Bath Home in Desirable Armcrest Subdivision Located in the highly sought-after Armcrest Subdivision, this spacious 4-bedroom, 2-bath home is ideally situated near walking trails, public transportation, shopping, and more. With both style and function, this property is perfect for comfortable, modern living.

C$548000

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

2Bathroom(s)

C$548000

Residential For Sale

61 Highland Drive, Ardoise, NS B0N 3A0

More Details

3Bedroom(s)

5Bathroom(s)

AttachedParking(s)

44Picture(s)

2,881Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$699000

Residential For Sale

61 Highland Drive, Ardoise, NS B0N 3A0

3Bedroom(s)

5Bathroom(s)

AttachedParking(s)

2,881Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Beautiful 1-year old Bungalow with fully finished lower level. This ICF (Insulated concrete form) constructed home offers superior thermal insulation translating into energy efficiency, noise reduction and cost savings. Enter into the large 21’x6.

C$699000

Residential For Sale

61 Highland Drive, Ardoise, NS B0N 3A0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

5Bathroom(s)

C$699000

Residential For Sale

260 Sheppards Run, Beachville, NS B3T 2G7

More Details

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

30Picture(s)

2,095Sqft

Listing courtesy of Exit Realty Specialists

C$579900

Residential For Sale

260 Sheppards Run, Beachville, NS B3T 2G7

4Bedroom(s)

4Bathroom(s)

No GarageParking(s)

2,095Sqft

Listing courtesy of Exit Realty Specialists

Welcome to 260 Sheppards Run, a beautifully renovated home with income potential in the sought-after Beechville Estates community. Just minutes from Bayers Lake shopping, top-rated schools, and a quick commute to downtown Halifax, this property combines location, style, and versatility.

C$579900

Residential For Sale

260 Sheppards Run, Beachville, NS B3T 2G7

Listing courtesy of Exit Realty Specialists

4Bedroom(s)

4Bathroom(s)

C$579900

Residential For Sale

307-5662 Roberts Street, Halifax, NS B3K 0E3

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

30Picture(s)

1,022Sqft

Listing courtesy of Keller Williams Select Realty

C$549900

Residential For Sale

307-5662 Roberts Street, Halifax, NS B3K 0E3

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,022Sqft

Listing courtesy of Keller Williams Select Realty

Experience modern urban living in this stunning top floor, loft style condo at 307 5662 Roberts Street. Located in a highly sought after LEED certified building, this two level residence offers over 1,000 sq. ft. of bright, open concept space filled with natural light from the skylight and large windows.

C$549900

Residential For Sale

307-5662 Roberts Street, Halifax, NS B3K 0E3

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

139 Carnoustie Drive, Hammonds Plains, NS B4B 0E5

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

41Picture(s)

2,190Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$499900

Residential For Sale

139 Carnoustie Drive, Hammonds Plains, NS B4B 0E5

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

2,190Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to life in the Knolls of Glen Arbour! This beautiful end-unit bungalow offers the perfect blend of comfort, style, and peaceful surroundings. Enjoy your morning coffee or unwind in the evening sun on your own spacious, private balcony, surrounded by nature.

C$499900

Residential For Sale

139 Carnoustie Drive, Hammonds Plains, NS B4B 0E5

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$499900

Residential For Sale

3 Crescent Avenue, Amherst, NS B4H 1T8

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

20Picture(s)

1,207Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$169900

Residential For Sale

3 Crescent Avenue, Amherst, NS B4H 1T8

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,207Sqft

Listing courtesy of Coldwell Banker Performance Realty

Affordable 3 bedroom home just minutes from down town easy access to schools and YMCA. This home offers main floor mudroom with laundry and 12x12 back deck, large kitchen and dining room. The living room and front hall complete the main floor. The second floor has 3 bedrooms and full bath. The vinyl windows were done in 2020, new furnace in 2017.

C$169900

Residential For Sale

3 Crescent Avenue, Amherst, NS B4H 1T8

Listing courtesy of Coldwell Banker Performance Realty

3Bedroom(s)

1Bathroom(s)

C$169900

4284 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

556 College Road, Windsor, NS B0N 2T0

Residential For Sale

Residential For Sale

Residential For Sale

21 Lawnwood Avenue, Halifax, NS B3N 1E6

Residential For Sale

Residential For Sale

Residential For Sale

2447 Highway 376, Lyons Brook, NS B0K 1H0

Residential For Sale

Residential For Sale

Residential For Sale

169 Crescent Street, Bridgewater, NS B4V 1L1

Residential For Sale

Residential For Sale

Residential For Sale

11 Rampart Court, Beechville, NS B3T 0B0

Residential For Sale

Residential For Sale

Residential For Sale

1303 West Jeddore Road, Head Of Jeddore, NS B0J 1P0

Residential For Sale

Residential For Sale

Residential For Sale

31 Yerevan Drive, Lower Sackville, NS B4C 4A9

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.