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

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

20Picture(s)

992Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$224900

Residential For Sale

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

992Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to 21 Wagner Drive, a beautifully maintained 2 bedroom, 2 bathroom home located in the sought-after Century Park community in Middle Sackville. This inviting property offers exceptional value, modern comfort, all within close proximity of local amenities, schools, shopping, and transit.

C$224900

Residential For Sale

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

Listing courtesy of Viewpoint Realty Services Inc.

2Bedroom(s)

2Bathroom(s)

C$224900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

More Details

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3Picture(s)

2,520Sqft

Listing courtesy of PLUMB LINE REALTY INC. - 12234

C$629900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

3Bedroom(s)

4Bathroom(s)

DoubleParking(s)

2,520Sqft

Listing courtesy of PLUMB LINE REALTY INC. - 12234

Start the new year in your gorgeous new home nearing completion! This very large, super bright, brand new semi-detached home is 2520 sqft on a corner lot with private side entrance and double paved driveway making it look like a large detached home from the street. Enter the inviting front porch to a lovely foyer with designer tile flooring.

C$629900

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

Listing courtesy of PLUMB LINE REALTY INC. - 12234

3Bedroom(s)

4Bathroom(s)

C$629900

Residential For Sale

6624 Highway 221 Lakeville Ns, Lakeville, NS B4N 3V7

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

2,594Sqft

Listing courtesy of RE/MAX Advantage

C$495000

Residential For Sale

6624 Highway 221 Lakeville Ns, Lakeville, NS B4N 3V7

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,594Sqft

Listing courtesy of RE/MAX Advantage

This charming two-story home is filled with character, warmth, and timeless appeal. Lovingly cared for over the years, it showcases classic features including beautiful wood floors, a solid staircase, original trim, and generously sized rooms that offer both comfort and function.

C$495000

Residential For Sale

6624 Highway 221 Lakeville Ns, Lakeville, NS B4N 3V7

Listing courtesy of RE/MAX Advantage

5Bedroom(s)

2Bathroom(s)

C$495000

Residential For Sale

14 Emerson Drive, Howie Centre, NS B1L 1H1

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

1,720Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

C$579900

Residential For Sale

14 Emerson Drive, Howie Centre, NS B1L 1H1

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

1,720Sqft

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

Introducing 14 Emerson Drive. A stunning, newly built custom home located in the sought after subdivision of Floral Heights. From the moment you arrive, the elevated craftsmanship is clear, featuring striking black windows and finishes, stone and shake accents, a covered front deck, concrete walkways, a rear patio, and an oversized attached garage.

C$579900

Residential For Sale

14 Emerson Drive, Howie Centre, NS B1L 1H1

Listing courtesy of Viewpoint Realty Services Inc. (Sydney)

3Bedroom(s)

3Bathroom(s)

C$579900

Residential For Sale

183 Big Tancook Island Road, Big Tancook Island, NS B0J 3G0

More Details

5Bedroom(s)

1Bathroom(s)

GravelParking(s)

46Picture(s)

1,672Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$299900

Residential For Sale

183 Big Tancook Island Road, Big Tancook Island, NS B0J 3G0

5Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,672Sqft

Listing courtesy of Duckworth Real Estate(Chester)

ISLAND LIFE AWAITS YOU! Welcome to 183 Big Tancook Island Road—a picture-perfect hobby farm perched atop a sprawling 7.5-acre oceanfront parcel. Offering nearly 1,700 sq. ft. of living space, this charming home features 5 bedrooms, with four upstairs and a convenient main-floor primary.

C$299900

Residential For Sale

183 Big Tancook Island Road, Big Tancook Island, NS B0J 3G0

Listing courtesy of Duckworth Real Estate(Chester)

5Bedroom(s)

1Bathroom(s)

C$299900

Residential For Sale

64 Mill Village Road, Shubenacadie, NS B0N 2H0

More Details

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

6Picture(s)

580Sqft

Listing courtesy of Hants Realty Ltd.

C$79900

Residential For Sale

64 Mill Village Road, Shubenacadie, NS B0N 2H0

1Bedroom(s)

1Bathroom(s)

GravelParking(s)

580Sqft

Listing courtesy of Hants Realty Ltd.

Welcome to 64 Mill Village Road. This compact one-bedroom home sits on a municipally serviced lot and presents a great opportunity for those looking to take on a renovation project or explore development possibilities. Centrally located in the heart of Shubenacadie, the property provides convenient access to nearby shops, services, and community amenities.

C$79900

Residential For Sale

64 Mill Village Road, Shubenacadie, NS B0N 2H0

Listing courtesy of Hants Realty Ltd.

1Bedroom(s)

1Bathroom(s)

C$79900

Residential For Sale

408 Sherbrooke Lane, Walden, NS B0J 2E0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

43Picture(s)

1,380Sqft

Listing courtesy of Duckworth Real Estate(Chester)

C$419900

Residential For Sale

408 Sherbrooke Lane, Walden, NS B0J 2E0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,380Sqft

Listing courtesy of Duckworth Real Estate(Chester)

SOUTH SHORE LAKE LIFE! Have you ever dreamt of living lakeside or having a cozy weekend retreat? This charming 3-level home, nestled on the deep waters of Sherbrooke Lake, offers the perfect escape.

C$419900

Residential For Sale

408 Sherbrooke Lane, Walden, NS B0J 2E0

Listing courtesy of Duckworth Real Estate(Chester)

3Bedroom(s)

1Bathroom(s)

C$419900

Residential For Sale

2162 Hwy 376, Lyons Brook, NS B0K 1H0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,300Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$749900

Residential For Sale

2162 Hwy 376, Lyons Brook, NS B0K 1H0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,300Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

Welcome to this absolutely BREATHTAKING QUALITY property! Step into luxury with this contemporary home featuring three supersize bedrooms, two and half baths and exquisite high-end finishes throughout. This five-year-old masterpiece boasts an electric boiler with five zones for in-floor heating with time of day savings and a heat pump for air conditioning.

C$749900

Residential For Sale

2162 Hwy 376, Lyons Brook, NS B0K 1H0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

3Bathroom(s)

C$749900

Residential For Sale

50 Josey Road, Spry Bay, NS B0J 3H0

More Details

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

40Picture(s)

2,373Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$899900

Residential For Sale

50 Josey Road, Spry Bay, NS B0J 3H0

3Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,373Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to 50 Josey Road, an extraordinary 1.95-acre coastal estate overlooking the shimmering waters of Taylor Bay. Designed for those who value privacy, space, and unforgettable experiences, this sprawling property offers a rare blend of European craftsmanship, resort-style amenities, and breathtaking natural beauty.

C$899900

Residential For Sale

50 Josey Road, Spry Bay, NS B0J 3H0

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

3Bathroom(s)

C$899900

Residential For Sale

643 Highway 1, Mount Uniacke, NS B0N 1Z0

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

47Picture(s)

1,435Sqft

Listing courtesy of Keller Williams Select Realty

C$584900

Residential For Sale

643 Highway 1, Mount Uniacke, NS B0N 1Z0

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,435Sqft

Listing courtesy of Keller Williams Select Realty

Looking for a new home or the perfect spot for your small business? This property offers the best of both worlds. Lovingly maintained and truly move-in ready, this charming family home sits in a location you simply can’t beat. Whether you’re dreaming of a comfortable place to settle in or an ideal setting for your small business, this versatile property delivers.

C$584900

Residential For Sale

643 Highway 1, Mount Uniacke, NS B0N 1Z0

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$584900

Residential For Sale

16 Earl Ryan Drive, Mulgrave, NS B0E 2G0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

31Picture(s)

1,152Sqft

Listing courtesy of Cape Breton Realty

C$139000

Residential For Sale

16 Earl Ryan Drive, Mulgrave, NS B0E 2G0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,152Sqft

Listing courtesy of Cape Breton Realty

Looking for an affordable home with fresh updates and a great view? This renovated 3 bedroom, 1 bath mini home in Mulgrave sits on a large, rented lot overlooking the Strait of Canso. The lot offers room to enjoy the outdoors along with a scenic backdrop.

C$139000

Residential For Sale

16 Earl Ryan Drive, Mulgrave, NS B0E 2G0

Listing courtesy of Cape Breton Realty

3Bedroom(s)

1Bathroom(s)

C$139000

Residential For Sale

304-202 Walter Havill Drive, Halifax, NS B3N 3M4

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

48Picture(s)

1,427Sqft

Listing courtesy of Royal LePage Atlantic

C$480000

Residential For Sale

304-202 Walter Havill Drive, Halifax, NS B3N 3M4

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,427Sqft

Listing courtesy of Royal LePage Atlantic

Carefree, convenient condo living at the beautiful Roxbury in Halifax. This gorgeous 2 bed, 2 bath corner unit condo is light-filled with a wrap-around deck to enjoy beautiful sunsets, views of Hail Pond and offering inviting spaces with 9 foot ceilings where you'll love both relaxing and entertaining guests.

C$480000

Residential For Sale

304-202 Walter Havill Drive, Halifax, NS B3N 3M4

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$480000

3354 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

21 Wagner Drive, Middle Sackville, NS B4E 2Z1

Residential For Sale

Residential For Sale

Residential For Sale

52 Berm Street Lot 41b, Herring Cove, NS B3R 0H2

Residential For Sale

Residential For Sale

Residential For Sale

6624 Highway 221 Lakeville Ns, Lakeville, NS B4N 3V7

Residential For Sale

Residential For Sale

Residential For Sale

14 Emerson Drive, Howie Centre, NS B1L 1H1

Residential For Sale

Residential For Sale

Residential For Sale

183 Big Tancook Island Road, Big Tancook Island, NS B0J 3G0

Residential For Sale

Residential For Sale

Residential For Sale

64 Mill Village Road, Shubenacadie, NS B0N 2H0

Residential For Sale

Residential For Sale

Residential For Sale

408 Sherbrooke Lane, Walden, NS B0J 2E0

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.