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

36 Last Road, Arcadia, NS B0W 1B0

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

26Picture(s)

1,149Sqft

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

C$179000

Residential For Sale

36 Last Road, Arcadia, NS B0W 1B0

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1,149Sqft

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

Riverfront priced to sell sized use property. Live upstairs in the 3 bedroom quarters and operate a business or two on the bottom level. Or convert the bottom into more living space. The possibilities are endless. Zoned residential and commercial. Drilled well and municipal sewage all in a great location not far from the town of Yarmouth.

C$179000

Residential For Sale

36 Last Road, Arcadia, NS B0W 1B0

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

3Bedroom(s)

1Bathroom(s)

C$179000

Residential For Sale

Bayers Mill Road, Musquodoboit, NS B0J 2L0

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

18Picture(s)

732Sqft

Listing courtesy of Royal LePage Atlantic

C$274900

Residential For Sale

Bayers Mill Road, Musquodoboit, NS B0J 2L0

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

732Sqft

Listing courtesy of Royal LePage Atlantic

Solid 2-bedroom bungalow on a peaceful country lot, just minutes from shopping, the Musquodoboit Sports Center, library, hospital, and scenic walking trails. With several key updates already completed — including newer siding, furnace, well, hot water tank. This property offers a strong foundation for further improvements.

C$274900

Residential For Sale

Bayers Mill Road, Musquodoboit, NS B0J 2L0

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

1Bathroom(s)

C$274900

Residential For Sale

192 Main Street, Springhill, NS B0M 1X0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

43Picture(s)

1,360Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

C$179900

Residential For Sale

192 Main Street, Springhill, NS B0M 1X0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,360Sqft

Listing courtesy of Royal LePage Cumberland Realty Ltd.

This delightful 3-bedroom, 2-bath home sits on the edge of Springhill on a long 1.38-acre lot. Recent updates include a metal roof, several vinyl windows, new flooring, two ductless heat pumps, and a fiberglass oil tank-the list goes on! The main level offers a versatile layout, ideal for anyone with mobility considerations, as everything you need is conveniently located on this floor.

C$179900

Residential For Sale

192 Main Street, Springhill, NS B0M 1X0

Listing courtesy of Royal LePage Cumberland Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$179900

Residential For Sale

115 Lindforest Court, Middle Sackville, NS B4E 3J2

More Details

4Bedroom(s)

3Bathroom(s)

GarageParking(s)

17Picture(s)

1,884Sqft

Listing courtesy of Keller Williams Select Realty

C$749900

Residential For Sale

115 Lindforest Court, Middle Sackville, NS B4E 3J2

4Bedroom(s)

3Bathroom(s)

GarageParking(s)

1,884Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to this exceptional 3-year-old home situated on a large 1.6-acre lot in the heart of Sackville. This well maintained property boasts four bedrooms and three full bathrooms, providing ample space for comfortable living. The main level features a large, modern kitchen with a central island and generous storage, a welcoming dining room, and a cozy living room perfect for gatherings.

C$749900

Residential For Sale

115 Lindforest Court, Middle Sackville, NS B4E 3J2

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

3Bathroom(s)

C$749900

Residential For Sale

54 Eaton Drive, Valley, NS B6L 3J9

More Details

2Bedroom(s)

3Bathroom(s)

DetachedParking(s)

38Picture(s)

2,267Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$539900

Residential For Sale

54 Eaton Drive, Valley, NS B6L 3J9

2Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,267Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Welcome to 54 Eaton Drive, a charming Cape Cod-style home nestled in the heart of Valley, Nova Scotia. This beautifully maintained 2-bedroom, 3-bathroom residence offers 2,267 sq.ft. of comfortable living space on a spacious 18,660 sq.ft. lot. The inviting curb appeal is enhanced by a circular driveway, detached single-car garage, and classic cape cod exterior design.

C$539900

Residential For Sale

54 Eaton Drive, Valley, NS B6L 3J9

Listing courtesy of Keller Williams Select Realty (Truro)

2Bedroom(s)

3Bathroom(s)

C$539900

Residential For Sale

104 Lisa Ann Drive Drive, Lawrencetown, NS B2Z 1E7

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

36Picture(s)

2,381Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$684900

Residential For Sale

104 Lisa Ann Drive Drive, Lawrencetown, NS B2Z 1E7

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,381Sqft

Listing courtesy of EXP Realty of Canada Inc.

Surrounded by nature and only a five minute drive to the beach, this beautiful 4 bedroom & 2 bathroom split entry home sits on a manicured lot with mature hardwoods, garden beds and ample lawn space which can be admire from your brand new back deck! A new double detached garage and two additional outbuildings provide all the storage space you could possibly need for vehicles, toys, and property up

C$684900

Residential For Sale

104 Lisa Ann Drive Drive, Lawrencetown, NS B2Z 1E7

Listing courtesy of EXP Realty of Canada Inc.

4Bedroom(s)

2Bathroom(s)

C$684900

Residential For Sale

753 Park, Kentville, NS B4N 3V7

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

1,470Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$410000

Residential For Sale

753 Park, Kentville, NS B4N 3V7

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,470Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Welcome home to this charming, well-cared-for one-level gem in Kentville! Perfect for those starting out, downsizing, or anyone who loves gardening and the feel of country living—right within town limits.Step inside to find a bright, open-concept living space with cathedral ceilings that make the home feel spacious and full of light.

C$410000

Residential For Sale

753 Park, Kentville, NS B4N 3V7

Listing courtesy of Keller Williams Select Realty (Kentville)

3Bedroom(s)

2Bathroom(s)

C$410000

Residential For Sale

208 Pleasant Street, Truro, NS B2N 3S8

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

39Picture(s)

1,562Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$479900

Residential For Sale

208 Pleasant Street, Truro, NS B2N 3S8

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

1,562Sqft

Listing courtesy of RE/MAX Fairlane Realty

Minutes away from the downtown core this beautiful Century Home has been renovated and ready for new owners! Welcome to 208 Pleasant Street, this 3bed/3bath with a concrete-slab driveway, fenced in backyard, two sheds and more! This property was originally a 1.

C$479900

Residential For Sale

208 Pleasant Street, Truro, NS B2N 3S8

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

3Bathroom(s)

C$479900

Residential For Sale

27 Starrs Road, Yarmouth, NS B5A 2S9

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

18Picture(s)

1,337Sqft

Listing courtesy of Modern Realty

C$299900

Residential For Sale

27 Starrs Road, Yarmouth, NS B5A 2S9

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,337Sqft

Listing courtesy of Modern Realty

Discover a charming 4-bedroom, 1.5-bath historical home perfectly positioned on a corner lot in the heart of town. This walk-anywhere location is just steps from Beacon Park and within easy reach of all amenities, including Yarmouth Regional Hospital a few minutes away.

C$299900

Residential For Sale

27 Starrs Road, Yarmouth, NS B5A 2S9

Listing courtesy of Modern Realty

4Bedroom(s)

2Bathroom(s)

C$299900

Residential For Sale

506 Bluenose Avenue S, Meadowvale, NS B0P 1R0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

17Picture(s)

902Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$125000

Residential For Sale

506 Bluenose Avenue S, Meadowvale, NS B0P 1R0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

902Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Sitting on it own private country lot, this two bedroom mobile home offers an opportunity to build sweat equity. Eat-in kitchen, livingroom with patio doors to backyard; 4pc bath, two bedrooms and porch add-on. Oil fired furnace and ductless heat pump. Stove, fridge, washer & dryer and mobile itself being sold "As is, Where is". Why pay rent when this one level affordable home can be yours.

C$125000

Residential For Sale

506 Bluenose Avenue S, Meadowvale, NS B0P 1R0

Listing courtesy of Royal LePage Atlantic (New Minas)

2Bedroom(s)

1Bathroom(s)

C$125000

Residential For Sale

382 Galloway Drive, Beaver Bank, NS B4G 0C5

More Details

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

46Picture(s)

4,056Sqft

Listing courtesy of RE/MAX Nova

C$1150000

Residential For Sale

382 Galloway Drive, Beaver Bank, NS B4G 0C5

5Bedroom(s)

4Bathroom(s)

AttachedParking(s)

4,056Sqft

Listing courtesy of RE/MAX Nova

Welcome to 382 Galloway Drive – a spectacular three-year-old custom home nestled on a private 1.32-acre lot surrounded by nature. Every detail in this home has been thoughtfully selected and upgraded to create a truly one-of-a-kind property.

C$1150000

Residential For Sale

382 Galloway Drive, Beaver Bank, NS B4G 0C5

Listing courtesy of RE/MAX Nova

5Bedroom(s)

4Bathroom(s)

C$1150000

Residential For Sale

19 Glenview Avenue, Kentville, NS B4N 2R4

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

40Picture(s)

1,591Sqft

Listing courtesy of Exit Realty Town & Country

C$349900

Residential For Sale

19 Glenview Avenue, Kentville, NS B4N 2R4

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,591Sqft

Listing courtesy of Exit Realty Town & Country

Welcome to 19 Glenview Avenue, a beautifully maintained 3-bedroom, 1-bath home on a quiet street surrounded by mature trees. This property offers a peaceful lifestyle just minutes from downtown Kentville and all essential amenities. The home has seen thoughtful updates throughout the years, including a 9.

C$349900

Residential For Sale

19 Glenview Avenue, Kentville, NS B4N 2R4

Listing courtesy of Exit Realty Town & Country

3Bedroom(s)

1Bathroom(s)

C$349900

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

36 Last Road, Arcadia, NS B0W 1B0

Residential For Sale

Residential For Sale

Residential For Sale

Bayers Mill Road, Musquodoboit, NS B0J 2L0

Residential For Sale

Residential For Sale

Residential For Sale

192 Main Street, Springhill, NS B0M 1X0

Residential For Sale

Residential For Sale

Residential For Sale

115 Lindforest Court, Middle Sackville, NS B4E 3J2

Residential For Sale

Residential For Sale

Residential For Sale

54 Eaton Drive, Valley, NS B6L 3J9

Residential For Sale

Residential For Sale

Residential For Sale

104 Lisa Ann Drive Drive, Lawrencetown, NS B2Z 1E7

Residential For Sale

Residential For Sale

Residential For Sale

753 Park, Kentville, NS B4N 3V7

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.