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

48 Withers Place, Debert, NS B0M 1G0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

1,242Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$549000

Residential For Sale

48 Withers Place, Debert, NS B0M 1G0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,242Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to 48 Withers Place, where bold design meets modern comfort. This brand-new 3-bedroom, 2-bath home was built for those looking to downsize without compromising on luxury or style. Every detail has been thoughtfully curated to create a space that feels sophisticated, warm, and undeniably sexy.

C$549000

Residential For Sale

48 Withers Place, Debert, NS B0M 1G0

Listing courtesy of Viewpoint Realty Services Inc.

3Bedroom(s)

2Bathroom(s)

C$549000

Residential For Sale

87 New Row, Thorburn, NS B0K 1W0

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,764Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$409000

Residential For Sale

87 New Row, Thorburn, NS B0K 1W0

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,764Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this beautiful four-bedroom, three-bath bungalow nestled on over an acre of private, peaceful property in the quiet community of Thorburn, Nova Scotia. Built just 13 years ago, this home offers the perfect blend of modern comfort and rural tranquility—less than 10 minutes from all the amenities of New Glasgow.

C$409000

Residential For Sale

87 New Row, Thorburn, NS B0K 1W0

Listing courtesy of Blinkhorn Real Estate Ltd.

4Bedroom(s)

3Bathroom(s)

C$409000

Residential For Sale

7067 2 Highway, Portapique, NS B0M 1B0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

20Picture(s)

672Sqft

Listing courtesy of PG Direct Realty Ltd.

C$179000

Residential For Sale

7067 2 Highway, Portapique, NS B0M 1B0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

672Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Attention first-time home buyers or downsizers! This move-in-ready two-bedroom mini home offers affordable comfort on a beautifully landscaped 0.71-acre lot. Enjoy many recent updates, including vinyl and laminate flooring, a stylish shiplap accent wall in the living room, an updated kitchen, and vinyl windows.

C$179000

Residential For Sale

7067 2 Highway, Portapique, NS B0M 1B0

Listing courtesy of PG Direct Realty Ltd.

2Bedroom(s)

1Bathroom(s)

C$179000

Residential For Sale

192 Barracks Cove Road, Reids Hill, NS B0T 1W0

More Details

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

45Picture(s)

3,240Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

C$899000

Residential For Sale

192 Barracks Cove Road, Reids Hill, NS B0T 1W0

4Bedroom(s)

2Bathroom(s)

DetachedParking(s)

3,240Sqft

Listing courtesy of Keller Williams Select Realty (Shelburne)

Are you looking for privacy, nature, a hobby farm with tourism accommodations and harbour views? This fabulous property has them all!! The property is 33.

C$899000

Residential For Sale

192 Barracks Cove Road, Reids Hill, NS B0T 1W0

Listing courtesy of Keller Williams Select Realty (Shelburne)

4Bedroom(s)

2Bathroom(s)

C$899000

Residential For Sale

Big Intervale Road, Big Intervale, NS B0E 2C0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

13Picture(s)

2,280Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

C$2000000

Residential For Sale

Big Intervale Road, Big Intervale, NS B0E 2C0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,280Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

WOW NOW THIS IS A PROPERTY FOR INVESTMENT OR PERSONAL USE . 3 BEDROOM +1 .5 BATH PLUS 2 COTTAGES WITH OWN SEPTIC AND WELL. WOOD COOK STOVE IN EACH UNIT. CURRENTLY NO POWER. 3 GARAGES 5 BAY METAL ROOF GRAVEL FLOOR. 2 BAY ON SLAB.1 BAY ON SLAB. HOME IS IN GREAT CONDITION .ROOF 1 YEAR OLD.CONCRETE FOUNDATION. HYDRO POWER UNIT GOES DIRECTLY TO NS POWER GRID.

C$2000000

Residential For Sale

Big Intervale Road, Big Intervale, NS B0E 2C0

Listing courtesy of Roger Burns Real Estate Ltd.

3Bedroom(s)

2Bathroom(s)

C$2000000

Residential For Sale

101 Mcgray Avenue, North East Point, NS B0W 2P0

More Details

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

42Picture(s)

3,642Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$1195000

Residential For Sale

101 Mcgray Avenue, North East Point, NS B0W 2P0

3Bedroom(s)

3Bathroom(s)

SingleParking(s)

3,642Sqft

Listing courtesy of EXP Realty of Canada Inc.

Why wait on contractors or deal with construction delays when your dream coastal home is already here? Welcome to 101 McGray Avenue in North East Point, Cape Sable Island—a rare opportunity to own a like-new, custom-built with approximately 314 feet of oceanfront where you can launch your kayak, take a swim and your very own white sand beach.

C$1195000

Residential For Sale

101 Mcgray Avenue, North East Point, NS B0W 2P0

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

3Bathroom(s)

C$1195000

Residential For Sale

3979 Sonora Road, Sherbrooke, NS B0J 3C0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

45Picture(s)

900Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

C$369000

Residential For Sale

3979 Sonora Road, Sherbrooke, NS B0J 3C0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

900Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

Nestled along the banks of the St. Mary’s River in Mill Cove and within the village limits of Sherbrooke, this unique property offers tranquility, opportunity, and breathtaking water views.

C$369000

Residential For Sale

3979 Sonora Road, Sherbrooke, NS B0J 3C0

Listing courtesy of Viewpoint Realty Services Inc. (Pictou)

2Bedroom(s)

1Bathroom(s)

C$369000

Residential For Sale

27-29 Grayson, Sackville, NS B4C 0A8

More Details

4Bedroom(s)

3Bathroom(s)

38Picture(s)

1,796Sqft

Listing courtesy of Realty Connect Ltd.

C$589900

Residential For Sale

27-29 Grayson, Sackville, NS B4C 0A8

4Bedroom(s)

3Bathroom(s)

1,796Sqft

Listing courtesy of Realty Connect Ltd.

An exceptional turnkey Backyard Suite nestled on a quiet cul-de-sac in Lower Sackville. The existing beautifully maintained Semi Detached home offers modern comfort, very strong income potential to help offset the cost of living, and a rare opportunity for multi-generational living or investment flexibility.

C$589900

Residential For Sale

27-29 Grayson, Sackville, NS B4C 0A8

Listing courtesy of Realty Connect Ltd.

4Bedroom(s)

3Bathroom(s)

C$589900

Residential For Sale

26 Rocky Run, Marriotts Cove, NS B0J 1K0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

20Picture(s)

2,928Sqft

Listing courtesy of PG Direct Realty Ltd.

C$665000

Residential For Sale

26 Rocky Run, Marriotts Cove, NS B0J 1K0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,928Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information Bright, spacious, and solidly built, this meticulously maintained home offers the option for one-level living, a full finished walk-out basement, a large wrap-around deck, and a 20’ x 12’ outbuilding—all on a private, landscaped 1.67-acre lot surrounded by mature trees.

C$665000

Residential For Sale

26 Rocky Run, Marriotts Cove, NS B0J 1K0

Listing courtesy of PG Direct Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$665000

Residential For Sale

26 Coll Avenue, Stellarton, NS B0K 1S0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

41Picture(s)

1,550Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$245000

Residential For Sale

26 Coll Avenue, Stellarton, NS B0K 1S0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,550Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to your future dream home! This charming house in Stellarton presents a unique opportunity with its two bedrooms that can easily be converted into a three bedroom layout. The property has undergone numerous major updates, including the installation of five new heat pumps this year, along with newer windows, seamless gutters, a deck, steps, and more.

C$245000

Residential For Sale

26 Coll Avenue, Stellarton, NS B0K 1S0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

1Bathroom(s)

C$245000

Residential For Sale

10471 Highway 16, Guysborough, NS B0H 1N0

More Details

2Bedroom(s)

3Bathroom(s)

SingleParking(s)

38Picture(s)

1,792Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

C$497500

Residential For Sale

10471 Highway 16, Guysborough, NS B0H 1N0

2Bedroom(s)

3Bathroom(s)

SingleParking(s)

1,792Sqft

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

Perched on a hill overlooking Cutlers Cove, this stunning two level home combines comfort, functionality, and scenic coastal charm. Quality built in 2018 and situated on a 29,795 SQ FT lot, with several outdoor spaces to relax and take in the the beauty.

C$497500

Residential For Sale

10471 Highway 16, Guysborough, NS B0H 1N0

Listing courtesy of RE/MAX Park Place Inc. (Port Hawkesbury)

2Bedroom(s)

3Bathroom(s)

C$497500

Residential For Sale

3381 Long Island Road, Long Island, NS B1Y 3N1

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

35Picture(s)

1,642Sqft

Listing courtesy of 3% Realty Nova Scotia

C$329000

Residential For Sale

3381 Long Island Road, Long Island, NS B1Y 3N1

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,642Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 3381 Long Island Road, a charming retreat nestled on over 3 acres of breathtaking land overlooking the world-famous Bras d?Or Lake. This beautiful 3-bedroom, 2-bathroom home offers a perfect blend of modern comfort and serene coastal living, making it an ideal year-round residence or a tranquil getaway.

C$329000

Residential For Sale

3381 Long Island Road, Long Island, NS B1Y 3N1

Listing courtesy of 3% Realty Nova Scotia

3Bedroom(s)

2Bathroom(s)

C$329000

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

48 Withers Place, Debert, NS B0M 1G0

Residential For Sale

Residential For Sale

Residential For Sale

87 New Row, Thorburn, NS B0K 1W0

Residential For Sale

Residential For Sale

Residential For Sale

7067 2 Highway, Portapique, NS B0M 1B0

Residential For Sale

Residential For Sale

Residential For Sale

192 Barracks Cove Road, Reids Hill, NS B0T 1W0

Residential For Sale

Residential For Sale

Residential For Sale

Big Intervale Road, Big Intervale, NS B0E 2C0

Residential For Sale

Residential For Sale

Residential For Sale

101 Mcgray Avenue, North East Point, NS B0W 2P0

Residential For Sale

Residential For Sale

Residential For Sale

3979 Sonora Road, Sherbrooke, NS B0J 3C0

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.