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

275 River Road, Kemptown, NS B6L 2R6

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

39Picture(s)

916Sqft

Listing courtesy of RE/MAX Nova

C$219000

Residential For Sale

275 River Road, Kemptown, NS B6L 2R6

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

916Sqft

Listing courtesy of RE/MAX Nova

Check out this hidden gem! Located minutes from TCH 104, this surprisingly appealing home features gorgeous wood throughout on walls and ceilings, a kitchen that welcomes guests, lots of natural light form large windows and a covered front porch.

C$219000

Residential For Sale

275 River Road, Kemptown, NS B6L 2R6

Listing courtesy of RE/MAX Nova

2Bedroom(s)

1Bathroom(s)

C$219000

Residential For Sale

687 Waverley Road, Dartmouth, NS B2X 2Y7

More Details

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

50Picture(s)

1,610Sqft

Listing courtesy of RE/MAX Nova

C$499000

Residential For Sale

687 Waverley Road, Dartmouth, NS B2X 2Y7

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,610Sqft

Listing courtesy of RE/MAX Nova

Welcome to 687 Waverley Road, a beautiful 4-bedroom, 2-bath modern home ideally located in one of Dartmouth’s most desirable areas. Bright and stylish, this property features contemporary finishes, spacious living areas, and a sleek kitchen, offering comfort and convenience for today’s lifestyle.

C$499000

Residential For Sale

687 Waverley Road, Dartmouth, NS B2X 2Y7

Listing courtesy of RE/MAX Nova

4Bedroom(s)

2Bathroom(s)

C$499000

Residential For Sale

75 Sheppards Run, Beechville, NS B3T 2E6

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

36Picture(s)

1,645Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$549900

Residential For Sale

75 Sheppards Run, Beechville, NS B3T 2E6

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,645Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 75 Sheppards Run! This move-in ready, semi-townhouse features 3 spacious bedrooms and 1.5 bathrooms, making it perfect for those who are looking for a great neighborhood to raise their kids. The inviting living area boasts a cozy electric fireplace, ideal for those chilly evenings spent with loved ones.

C$549900

Residential For Sale

75 Sheppards Run, Beechville, NS B3T 2E6

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

36 Gilmore Road, Pleasant River, NS B0T 1X0

More Details

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

18Picture(s)

910Sqft

Listing courtesy of EXIT Realty Inter Lake

C$215000

Residential For Sale

36 Gilmore Road, Pleasant River, NS B0T 1X0

2Bedroom(s)

1Bathroom(s)

OtherParking(s)

910Sqft

Listing courtesy of EXIT Realty Inter Lake

Welcome to 36 Gilmore Road, located in the quaint community of Pleasant River, referred to as the "Historic Canoe Route"! This 2 bedroom bungalow is easy to maintain and easy to heat with a centrally located cozy woodstove. The spacious living room offers hardwood floors and the "L" shaped kitchen / dining room is great for gatherings.

C$215000

Residential For Sale

36 Gilmore Road, Pleasant River, NS B0T 1X0

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$215000

Residential For Sale

30 Granite Cove Way, Newburne, NS B0J 2E0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

41Picture(s)

1,092Sqft

Listing courtesy of Sotheby's International Realty Canada

C$459000

Residential For Sale

30 Granite Cove Way, Newburne, NS B0J 2E0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,092Sqft

Listing courtesy of Sotheby's International Realty Canada

LAKEFRONT NEW CONSTRUCTION! This 1,092 sq. ft. single-level home sits on a 2.17-acre lot with 195 feet of lake frontage on Doreys Lake, offering the perfect blend of modern comfort and peaceful waterfront living. The level, private lot features a large concrete patio at the water’s edge, an ideal setting for swimming, paddling, or relaxing by the lake.

C$459000

Residential For Sale

30 Granite Cove Way, Newburne, NS B0J 2E0

Listing courtesy of Sotheby's International Realty Canada

3Bedroom(s)

2Bathroom(s)

C$459000

Residential For Sale

87 Prince Street, Chester, NS B0J 1J0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

42Picture(s)

1,274Sqft

Listing courtesy of Engel & Volkers (Chester)

C$659000

Residential For Sale

87 Prince Street, Chester, NS B0J 1J0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,274Sqft

Listing courtesy of Engel & Volkers (Chester)

CHESTER ONE LEVEL LIVING. Recently updated three bedroom home located in the heart of the village on a large corner lot across from Lordly Park. Convenient to the yacht club, live theatre, shops, and restaurants, cafes, Freda's Beach, golf, and so much more that Chester has to offer.

C$659000

Residential For Sale

87 Prince Street, Chester, NS B0J 1J0

Listing courtesy of Engel & Volkers (Chester)

3Bedroom(s)

2Bathroom(s)

C$659000

Residential For Sale

310 Hillside Drive, Boutiliers Point, NS B3Z 1W8

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

42Picture(s)

1,550Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$548000

Residential For Sale

310 Hillside Drive, Boutiliers Point, NS B3Z 1W8

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,550Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Welcome to peaceful, private Boutiliers Point, where you can smell the ocean air and enjoy a relaxed coastal lifestyle about 35 minutes from downtown Halifax. This charming 38-year-old home has been fully renovated inside and has not been lived in since. Enjoy the brand new kitchen and appliances, updated bathrooms, fresh flooring, and modern paint throughout.

C$548000

Residential For Sale

310 Hillside Drive, Boutiliers Point, NS B3Z 1W8

Listing courtesy of Royal LePage Atlantic (New Minas)

2Bedroom(s)

2Bathroom(s)

C$548000

Residential For Sale

519 Inglewood Road, Beaconsfield, NS B0S 1C0

More Details

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

12Picture(s)

836Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$259000

Residential For Sale

519 Inglewood Road, Beaconsfield, NS B0S 1C0

2Bedroom(s)

1Bathroom(s)

DetachedParking(s)

836Sqft

Listing courtesy of RE/MAX Banner Real Estate

Minutes from Bridgetown. Well maintained bungalow located in a quiet country setting with Municipal water. Many upgrades in the last 3 years. Features a pleasant decor and new kitchen with all appliances. Located on 1.53 acres mountainside with Valley views, its perfect for gardening or puttering in the 20x20 wired garage/workshop.

C$259000

Residential For Sale

519 Inglewood Road, Beaconsfield, NS B0S 1C0

Listing courtesy of RE/MAX Banner Real Estate

2Bedroom(s)

1Bathroom(s)

C$259000

Residential For Sale

12 Porters Lane, Yarmouth, NS B5A 3S1

More Details

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

16Picture(s)

952Sqft

Listing courtesy of The Real Estate Store

C$119900

Residential For Sale

12 Porters Lane, Yarmouth, NS B5A 3S1

2Bedroom(s)

2Bathroom(s)

SingleParking(s)

952Sqft

Listing courtesy of The Real Estate Store

Located in the Town of Yarmouth and close to all amenities, this 2-bedroom home offers a project opportunity for those looking to do repairs or improvements. The main level features an open concept kitchen and living room, along with a 1-piece half bath. Upstairs includes two bedrooms and a full bathroom.

C$119900

Residential For Sale

12 Porters Lane, Yarmouth, NS B5A 3S1

Listing courtesy of The Real Estate Store

2Bedroom(s)

2Bathroom(s)

C$119900

Residential For Sale

157 Blainedale Drive, Salmon River, NS B2N 6M3

More Details

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

25Picture(s)

1,600Sqft

Listing courtesy of RE/MAX Nova

C$374900

Residential For Sale

157 Blainedale Drive, Salmon River, NS B2N 6M3

3Bedroom(s)

3Bathroom(s)

GravelParking(s)

1,600Sqft

Listing courtesy of RE/MAX Nova

Welcome to 157 Blainedale Drive — A thoughtfully crafted new-construction home tucked at the end of a quiet cul-de-sac in a fast-growing, family-friendly community. Just minutes from Truro and an easy hour from Halifax, it’s the kind of spot where you get small-town calm without giving up big-town convenience.

C$374900

Residential For Sale

157 Blainedale Drive, Salmon River, NS B2N 6M3

Listing courtesy of RE/MAX Nova

3Bedroom(s)

3Bathroom(s)

C$374900

Residential For Sale

26 Elizabeth Avenue, Garlands Crossing, NS B0N 2T0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

30Picture(s)

1,274Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$492500

Residential For Sale

26 Elizabeth Avenue, Garlands Crossing, NS B0N 2T0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,274Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 26 Elizabeth Avenue. This fantastic three year young semi detached bungalow, located in the highly sought after retirement community The Crossing, offers effortless one level living with modern finishes and thoughtful design throughout.

C$492500

Residential For Sale

26 Elizabeth Avenue, Garlands Crossing, NS B0N 2T0

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

2Bathroom(s)

C$492500

Residential For Sale

109 Titanium Crescent, Spryfield, NS B3P 0J3

More Details

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

50Picture(s)

2,199Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$629999

Residential For Sale

109 Titanium Crescent, Spryfield, NS B3P 0J3

3Bedroom(s)

4Bathroom(s)

AttachedParking(s)

2,199Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 109 Titanium Crescent, nestled in the heart of Governor’s Brook—one of HRM’s most desirable and fast-growing communities. Just 15 minutes from downtown Halifax, this family-friendly neighbourhood offers the perfect blend of nature and convenience, with beautiful walking trails, nearby schools, a convenient nearby bus stop, and all essential amenities close by.

C$629999

Residential For Sale

109 Titanium Crescent, Spryfield, NS B3P 0J3

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

4Bathroom(s)

C$629999

3352 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

275 River Road, Kemptown, NS B6L 2R6

Residential For Sale

Residential For Sale

Residential For Sale

687 Waverley Road, Dartmouth, NS B2X 2Y7

Residential For Sale

Residential For Sale

Residential For Sale

75 Sheppards Run, Beechville, NS B3T 2E6

Residential For Sale

Residential For Sale

Residential For Sale

36 Gilmore Road, Pleasant River, NS B0T 1X0

Residential For Sale

Residential For Sale

Residential For Sale

30 Granite Cove Way, Newburne, NS B0J 2E0

Residential For Sale

Residential For Sale

Residential For Sale

87 Prince Street, Chester, NS B0J 1J0

Residential For Sale

Residential For Sale

Residential For Sale

310 Hillside Drive, Boutiliers Point, NS B3Z 1W8

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.