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

865 Georges River Road, Georges River, NS B1L 1H1

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

47Picture(s)

2,340Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

C$425000

Residential For Sale

865 Georges River Road, Georges River, NS B1L 1H1

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,340Sqft

Listing courtesy of Roger Burns Real Estate Ltd.

Welcome to 865 GEORGES RIVER THIS home offers 2 bedroom in main home plus 2 full baths. large living room dining room. large deck in front and 20x24 garage with e4poxy floors that gleam . fantanstic viewv of the famous bras dor lake this home is spotless basement has all epoxy floors plus outside entrance from underneath as well as side entrance . carport .

C$425000

Residential For Sale

865 Georges River Road, Georges River, NS B1L 1H1

Listing courtesy of Roger Burns Real Estate Ltd.

3Bedroom(s)

3Bathroom(s)

C$425000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

More Details

2Bedroom(s)

1Bathroom(s)

41Picture(s)

1,272Sqft

Listing courtesy of 3% Realty Nova Scotia

C$399000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

2Bedroom(s)

1Bathroom(s)

1,272Sqft

Listing courtesy of 3% Realty Nova Scotia

Welcome to 328 Brickyard Road, Mira – a peaceful country retreat nestled on 39 acres of land, with water views and equestrian features. This charming 2-bedroom, 1-bathroom home offers a perfect blend of rural tranquility and modern comfort.

C$399000

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

Listing courtesy of 3% Realty Nova Scotia

2Bedroom(s)

1Bathroom(s)

C$399000

Residential For Sale

72 Chisholm Road, Onslow Mountain, NS B6L 6B5

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

44Picture(s)

1,142Sqft

Listing courtesy of Keller Williams Select Realty

C$450000

Residential For Sale

72 Chisholm Road, Onslow Mountain, NS B6L 6B5

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,142Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 72 Chisholm Road in Onslow Mountain, just 10 minutes from Truro. This exceptional new development by Opportunity Estates presents a serene community subdivision, tailored for tranquil living. This thoughtfully designed residence features a slab foundation and offers 2 spacious bedrooms and 2 full bathrooms, making it an ideal choice for both downsizing and first-time homebuyers.

C$450000

Residential For Sale

72 Chisholm Road, Onslow Mountain, NS B6L 6B5

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

2Bathroom(s)

C$450000

Residential For Sale

371 Chemin Des Ben, Sluice Point, NS B0W 3M0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

33Picture(s)

1,273Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$218700

Residential For Sale

371 Chemin Des Ben, Sluice Point, NS B0W 3M0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,273Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Fully rebuilt from the studs up, this one-of-a-kind cottage blends historic charm with modern comfort. Recent updates include new electrical (200-amp service), plumbing, insulation, drywall, and flooring throughout. A WETT-inspected wood stove adds warmth and character alongside efficient new baseboard heating.

C$218700

Residential For Sale

371 Chemin Des Ben, Sluice Point, NS B0W 3M0

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

2Bedroom(s)

2Bathroom(s)

C$218700

Residential For Sale

359 Seligs Road, Prospect, NS B3T 2A8

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

50Picture(s)

5,646Sqft

Listing courtesy of Sutton Group Professional Realty

C$1495000

Residential For Sale

359 Seligs Road, Prospect, NS B3T 2A8

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

5,646Sqft

Listing courtesy of Sutton Group Professional Realty

This 13 year old home sits on a sprawling 42 acre lot in beautiful Prospect Village, with a water view and 5,646 sq. ft of living space.

C$1495000

Residential For Sale

359 Seligs Road, Prospect, NS B3T 2A8

Listing courtesy of Sutton Group Professional Realty

5Bedroom(s)

4Bathroom(s)

C$1495000

Residential For Sale

228 Common Cross Road, Saulnierville, NS B0W 2Z0

More Details

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

45Picture(s)

3,368Sqft

Listing courtesy of Modern Realty

C$275000

Residential For Sale

228 Common Cross Road, Saulnierville, NS B0W 2Z0

2Bedroom(s)

2Bathroom(s)

GravelParking(s)

3,368Sqft

Listing courtesy of Modern Realty

Discover the charm and versatility of this unique two-bedroom home set on an expansive 14-acre property surrounded by picturesque landscapes. The main home features a spacious kitchen and living room, ideal for family gatherings or quiet evenings at home. A convenient main-level laundry area full bath and two bedrooms add to the comfort and functionality of this thoughtfully designed layout.

C$275000

Residential For Sale

228 Common Cross Road, Saulnierville, NS B0W 2Z0

Listing courtesy of Modern Realty

2Bedroom(s)

2Bathroom(s)

C$275000

Residential For Sale

899 East Jeddore Road, East Jeddore, NS B0J 2L0

More Details

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

44Picture(s)

1,088Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$325000

Residential For Sale

899 East Jeddore Road, East Jeddore, NS B0J 2L0

2Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,088Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Discover incredible value in this move-in ready, refreshed 2 bed, 2 bath mini home in the picturesque seaside community of East Jeddore. Enjoy 1088 sq ft of smart living with both a separate living room and family room or use one as a dining room. The flexible layout allows the 2nd bedroom to easily convert back to a 3-bedroom setup. Additional doors allow for privacy between living spaces.

C$325000

Residential For Sale

899 East Jeddore Road, East Jeddore, NS B0J 2L0

Listing courtesy of Viewpoint Realty Services Inc.

2Bedroom(s)

2Bathroom(s)

C$325000

Residential For Sale

504-267 Gary Martin Drive, Bedford, NS B4B 0P5

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

30Picture(s)

1,234Sqft

Listing courtesy of Royal LePage Atlantic

C$599990

Residential For Sale

504-267 Gary Martin Drive, Bedford, NS B4B 0P5

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,234Sqft

Listing courtesy of Royal LePage Atlantic

Welcome 504-267 Gary Martin Drive, the DomVista in West Bedford! This spacious 1234.10 sq/ft 2-bedroom + den condo offers modern design and exceptional functionality. The layout features a sleek dark kitchen with abundant cabinetry and counter space, well-appointed walk-in closets, and a versatile den that can serve as a third bedroom or home office.

C$599990

Residential For Sale

504-267 Gary Martin Drive, Bedford, NS B4B 0P5

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$599990

Residential For Sale

Hampton Mountain Road Lot 2023, Hampton, NS B0S 1C0

More Details

1Bedroom(s)

GravelParking(s)

23Picture(s)

225Sqft

Listing courtesy of Exit Realty Town & Country

C$85500

Residential For Sale

Hampton Mountain Road Lot 2023, Hampton, NS B0S 1C0

1Bedroom(s)

GravelParking(s)

225Sqft

Listing courtesy of Exit Realty Town & Country

Discover your own slice of North Mountain tranquility with this 4-acre property overlooking the stunning Bay of Fundy. A mix of cleared and forested land offers privacy and space to create your ideal off-grid retreat. Several existing structures provide storage or workspace potential, and the groundwork for solar and hot water systems is already in place, ready for installation.

C$85500

Residential For Sale

Hampton Mountain Road Lot 2023, Hampton, NS B0S 1C0

Listing courtesy of Exit Realty Town & Country

1Bedroom(s)

C$85500

Residential For Sale

20 Birds Eye View Lane, North Grant, NS B2G 2L1

More Details

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

33Picture(s)

3,400Sqft

Listing courtesy of PG Direct Realty Ltd.

C$950000

Residential For Sale

20 Birds Eye View Lane, North Grant, NS B2G 2L1

4Bedroom(s)

3Bathroom(s)

SingleParking(s)

3,400Sqft

Listing courtesy of PG Direct Realty Ltd.

Visit REALTOR® website for additional information. Built in 2022, this stunning executive chalet-style home offers over 3,400 sq. ft. of luxurious living space and is sure to impress! Featuring expansive windows, 13-ft cathedral ceilings, a stone fireplace, custom lighting, pine board ceilings, and high-end finishes throughout. Professionally appraised and priced accordingly.

C$950000

Residential For Sale

20 Birds Eye View Lane, North Grant, NS B2G 2L1

Listing courtesy of PG Direct Realty Ltd.

4Bedroom(s)

3Bathroom(s)

C$950000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

41Picture(s)

800Sqft

Listing courtesy of RE/MAX Nova

C$229000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

800Sqft

Listing courtesy of RE/MAX Nova

Turnkey renovated mini home in Maple Ridge Estates! This 3 bedroom, 1 full bathroom home has been completely overhauled and offers an excellent opportunity for first time home buyers looking for an affordable move-in ready option.

C$229000

Residential For Sale

18 Earleton Avenue, Dartmouth, NS B2Y 2A7

Listing courtesy of RE/MAX Nova

3Bedroom(s)

1Bathroom(s)

C$229000

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

25Picture(s)

1,652Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$598500

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,652Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Discover the Newest Waterfront Condo Development in Historic Pictou, Nova Scotia Introducing the Bellville Condos — a modern waterfront community built by a respected local builder known for quality craftsmanship. Each newly constructed unit offers two bedrooms, two full bathrooms, and a thoughtful layout featuring premium finishes throughout.

C$598500

Residential For Sale

321 Beeches Rd, Pictou, NS B2H 5C7

Listing courtesy of Royal LePage Atlantic(Stellarton)

2Bedroom(s)

2Bathroom(s)

C$598500

4302 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

865 Georges River Road, Georges River, NS B1L 1H1

Residential For Sale

Residential For Sale

Residential For Sale

328 Brickyard Road, Cape Breton, NS B1K 2R7

Residential For Sale

Residential For Sale

Residential For Sale

72 Chisholm Road, Onslow Mountain, NS B6L 6B5

Residential For Sale

Residential For Sale

Residential For Sale

371 Chemin Des Ben, Sluice Point, NS B0W 3M0

Residential For Sale

Residential For Sale

Residential For Sale

359 Seligs Road, Prospect, NS B3T 2A8

Residential For Sale

Residential For Sale

Residential For Sale

228 Common Cross Road, Saulnierville, NS B0W 2Z0

Residential For Sale

Residential For Sale

Residential For Sale

899 East Jeddore Road, East Jeddore, NS B0J 2L0

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.