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

9333 Highway 3, Pleasant Lake, NS B5A 5J9

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

34Picture(s)

1,332Sqft

Listing courtesy of The Real Estate Store

C$329900

Residential For Sale

9333 Highway 3, Pleasant Lake, NS B5A 5J9

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,332Sqft

Listing courtesy of The Real Estate Store

Welcome to 9333 Highway 3 in Pleasant Lake, set on 1.8 acres of forested land. This 1.5 storey home offers a quiet setting just 10 minutes from Yarmouth and its full range of amenities. The property also includes an 8' x 10' storage shed for added convenience. The main level features an open concept kitchen and dining room, creating a comfortable flow through the space.

C$329900

Residential For Sale

9333 Highway 3, Pleasant Lake, NS B5A 5J9

Listing courtesy of The Real Estate Store

2Bedroom(s)

1Bathroom(s)

C$329900

Residential For Sale

200 Middle Road, Kingsburg, NS B0J 2X0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

49Picture(s)

1,629Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

C$1395000

Residential For Sale

200 Middle Road, Kingsburg, NS B0J 2X0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,629Sqft

Listing courtesy of Engel & Volkers (Lunenburg)

Appropriately named The Black Pearl, this new home is a rare gem - modern, elemental, and perfectly at home in Kingsburg’s striking, raw, and shifting coastal beauty. Clad in sleek black metal, it sits high on solid rock with approximately 4.7 acres and wide, unobstructed ocean front views of the open Atlantic.

C$1395000

Residential For Sale

200 Middle Road, Kingsburg, NS B0J 2X0

Listing courtesy of Engel & Volkers (Lunenburg)

2Bedroom(s)

2Bathroom(s)

C$1395000

Residential For Sale

Lot 11 Nichols Avenue, North Kentville, NS B4N 3V7

More Details

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

1Picture(s)

680Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$298800

Residential For Sale

Lot 11 Nichols Avenue, North Kentville, NS B4N 3V7

2Bedroom(s)

1Bathroom(s)

No GarageParking(s)

680Sqft

Listing courtesy of EXP Realty of Canada Inc.

Looking for new construction? Efficient modern living in this brand-new 2-bedroom, 1-bath. This 680 sq. ft. new construction will sit on a durable slab foundation and features an open-concept layout that maximizes space and natural light. The spacious kitchen comes fully equipped with included appliances, seamlessly flowing into the living area for everyday comfort and easy entertaining.

C$298800

Residential For Sale

Lot 11 Nichols Avenue, North Kentville, NS B4N 3V7

Listing courtesy of EXP Realty of Canada Inc.

2Bedroom(s)

1Bathroom(s)

C$298800

Residential For Sale

179 Heritage Way, East Hants, NS B0N 1Z0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

49Picture(s)

1,200Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

C$530000

Residential For Sale

179 Heritage Way, East Hants, NS B0N 1Z0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,200Sqft

Listing courtesy of Keller Williams Select Realty (Kentville)

Welcome to luxury single level living at its finest. Nestled in Cottage Country's Village of Long Lake, this beautifully designed home features 2 oversized bedrooms and 1 primary bath all conveniently located on the main level. Enjoy upscale finishes such as engineered hardwood throughout, quartz countertops in the kitchen and high-end appliances, all included in the sale.

C$530000

Residential For Sale

179 Heritage Way, East Hants, NS B0N 1Z0

Listing courtesy of Keller Williams Select Realty (Kentville)

2Bedroom(s)

1Bathroom(s)

C$530000

Residential For Sale

804-1074 Wellington Street, Halifax, NS B3H 2Z8

More Details

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

23Picture(s)

1,500Sqft

Listing courtesy of Royal LePage Atlantic

C$575000

Residential For Sale

804-1074 Wellington Street, Halifax, NS B3H 2Z8

2Bedroom(s)

2Bathroom(s)

UndergroundParking(s)

1,500Sqft

Listing courtesy of Royal LePage Atlantic

Discover iconic living in the super-cool, and unique Century Towers. Perched high above the city, this spacious 1,500 sq ft suite offers unobstructed southwest views that sweep across the skyline, Gorsebrook park and flood the home with natural light.

C$575000

Residential For Sale

804-1074 Wellington Street, Halifax, NS B3H 2Z8

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$575000

Residential For Sale

22 Oakland Drive, Howie Centre, NS B1L 1H1

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

34Picture(s)

904Sqft

Listing courtesy of 3% Realty Nova Scotia

C$459000

Residential For Sale

22 Oakland Drive, Howie Centre, NS B1L 1H1

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

904Sqft

Listing courtesy of 3% Realty Nova Scotia

Your Private Family Retreat at 22 Oakland Drive. Discover the perfect blend of country privacy and community convenience in Floral Heights. This beautifully finished, three-bedroom, two bath, split level home is ready to host your family's next chapter, offering an abundance of high end features and outdoor space. Step inside to a bright modern interior featuring tasteful updated finishes.

C$459000

Residential For Sale

22 Oakland Drive, Howie Centre, NS B1L 1H1

Listing courtesy of 3% Realty Nova Scotia

3Bedroom(s)

2Bathroom(s)

C$459000

Residential For Sale

38 Oakhill Road, Dayspring, NS B4V 5R4

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

36Picture(s)

1,371Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

C$309900

Residential For Sale

38 Oakhill Road, Dayspring, NS B4V 5R4

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,371Sqft

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

Charming Rural Home — Minutes to Bridgewater, Lunenburg & Mahone Bay. Welcome to this well-maintained 3-bedroom, 1-bath one-and-a-half-storey home offering the perfect blend of rural comfort and convenient proximity to town.

C$309900

Residential For Sale

38 Oakhill Road, Dayspring, NS B4V 5R4

Listing courtesy of Royal Lepage Atlantic (Mahone Bay)

3Bedroom(s)

1Bathroom(s)

C$309900

Residential For Sale

926 Highway 7, Lochaber, NS B2G 2L3

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

28Picture(s)

1,542Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

C$489900

Residential For Sale

926 Highway 7, Lochaber, NS B2G 2L3

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,542Sqft

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

Beautiful, turn-key home well renovated and looked after perched on a hill with a panoramic view of and access to Lochaber Lake. Lochaber, known for its welcoming community and outdoor lifestyle is less than 20 minutes to town of Antigonish and STFXU. The lake is a popular spot for fishing, boating and swimming, making properties in this area much sought after.

C$489900

Residential For Sale

926 Highway 7, Lochaber, NS B2G 2L3

Listing courtesy of SCELES REALTY LIMITED - ANTIGONISH - D0090

4Bedroom(s)

2Bathroom(s)

C$489900

Residential For Sale

2128 Brunswick Street, Halifax, NS B3K 2Y8

More Details

1Bedroom(s)

1Bathroom(s)

NoneParking(s)

28Picture(s)

459Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$349000

Residential For Sale

2128 Brunswick Street, Halifax, NS B3K 2Y8

1Bedroom(s)

1Bathroom(s)

NoneParking(s)

459Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to this delightful loft in Marley, a registered heritage property built in 1873. This corner unit is flooded with natural light from the huge windows, highlighting the 12' ceilings and gorgeous exposed brick walls from its history as a former cathedral. The open concept makes cooking and entertaining a joy, and the extra den space provides flexibility as a home office or a sleeping space.

C$349000

Residential For Sale

2128 Brunswick Street, Halifax, NS B3K 2Y8

Listing courtesy of RE/MAX Nova (Halifax)

1Bedroom(s)

1Bathroom(s)

C$349000

Residential For Sale

71 Vendora Drive, Nictaux, NS B0S 1P0

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

42Picture(s)

1,171Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$425000

Residential For Sale

71 Vendora Drive, Nictaux, NS B0S 1P0

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,171Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

New construction 2 bedroom 2 bathroom slab on grade bungalow with attached garage located in a desirable country subdivision in Nictaux. The layout offers an open concept kitchen/living/dining room, ample storage, convenient access to a private back deck and an impressive master bedroom with a full ensuite and walk-in closet.

C$425000

Residential For Sale

71 Vendora Drive, Nictaux, NS B0S 1P0

Listing courtesy of Royal LePage Atlantic (Greenwood)

2Bedroom(s)

2Bathroom(s)

C$425000

Residential For Sale

933 New Haven Road, New Haven, NS B0C 1P0

More Details

1Bedroom(s)

1Bathroom(s)

DirtParking(s)

15Picture(s)

916Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$133650

Residential For Sale

933 New Haven Road, New Haven, NS B0C 1P0

1Bedroom(s)

1Bathroom(s)

DirtParking(s)

916Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to an affordable, charming two-bedroom, one and a half bathroom home nestled in New Haven at the heart of the world-renowned Cabot Trail. This inviting property offers practical design and cozy living spaces, making it a great opportunity for a variety of lifestyles.

C$133650

Residential For Sale

933 New Haven Road, New Haven, NS B0C 1P0

Listing courtesy of RE/MAX Park Place Inc.

1Bedroom(s)

1Bathroom(s)

C$133650

Residential For Sale

343 Ninth Street, New Waterford, NS B1H 3T8

More Details

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

19Picture(s)

1,160Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

C$74900

Residential For Sale

343 Ninth Street, New Waterford, NS B1H 3T8

3Bedroom(s)

1Bathroom(s)

SingleParking(s)

1,160Sqft

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

3 bedroom 1 bath semi being sold AS IS . DETACHED GARAGE.

C$74900

Residential For Sale

343 Ninth Street, New Waterford, NS B1H 3T8

Listing courtesy of Keller Williams Select Realty(Sydney,Townsend St.)

3Bedroom(s)

1Bathroom(s)

C$74900

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

9333 Highway 3, Pleasant Lake, NS B5A 5J9

Residential For Sale

Residential For Sale

Residential For Sale

200 Middle Road, Kingsburg, NS B0J 2X0

Residential For Sale

Residential For Sale

Residential For Sale

Lot 11 Nichols Avenue, North Kentville, NS B4N 3V7

Residential For Sale

Residential For Sale

Residential For Sale

179 Heritage Way, East Hants, NS B0N 1Z0

Residential For Sale

Residential For Sale

Residential For Sale

804-1074 Wellington Street, Halifax, NS B3H 2Z8

Residential For Sale

Residential For Sale

Residential For Sale

22 Oakland Drive, Howie Centre, NS B1L 1H1

Residential For Sale

Residential For Sale

Residential For Sale

38 Oakhill Road, Dayspring, NS B4V 5R4

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.