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

230 Victoria Street E, Amherst, NS B4H 1Y9

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

2,358Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

C$389900

Residential For Sale

230 Victoria Street E, Amherst, NS B4H 1Y9

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,358Sqft

Listing courtesy of RE/MAX County Line Realty Ltd.

CHARACTER-FILLED VICTORIAN HOME WITH INCOME APARTMENT! Located on one of Amherst’s most desirable streets, this stunning 108-year-old Victorian home offers exceptional charm, modern updates, and breathtaking views of rolling farmland, Amherst Marsh, and Fort Lawrence Ridge—an ideal setting for sunset evenings and outdoor living.

C$389900

Residential For Sale

230 Victoria Street E, Amherst, NS B4H 1Y9

Listing courtesy of RE/MAX County Line Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$389900

Residential For Sale

800 Shore Road, Sydney Mines, NS B1V 1A5

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

18Picture(s)

1,144Sqft

Listing courtesy of EXP Realty of Canada Inc.

C$259900

Residential For Sale

800 Shore Road, Sydney Mines, NS B1V 1A5

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,144Sqft

Listing courtesy of EXP Realty of Canada Inc.

Welcome to this beautiful three-bedroom, two-bathroom home offering breathtaking harbor views and an abundance of natural light. Located in a highly sought-after neighborhood, this property features a bright, open layout and exceptional potential. Enjoy the serene surroundings and the charm of a truly desirable area—perfect for homeowners or investors looking to make it their own.

C$259900

Residential For Sale

800 Shore Road, Sydney Mines, NS B1V 1A5

Listing courtesy of EXP Realty of Canada Inc.

3Bedroom(s)

2Bathroom(s)

C$259900

Residential For Sale

30 Victoria Avenue, Weymouth, NS B0W 3T0

More Details

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

48Picture(s)

4,300Sqft

Listing courtesy of Royal LePage Anchor Realty

C$574500

Residential For Sale

30 Victoria Avenue, Weymouth, NS B0W 3T0

5Bedroom(s)

3Bathroom(s)

DoubleParking(s)

4,300Sqft

Listing courtesy of Royal LePage Anchor Realty

Welcome to 20 Victoria Avenue, a timeless landmark in the heart of Weymouth—rich with history, character, and unmatched charm. This stately home has been a beloved fixture in the community for over a century, once home to the town’s early doctors, and still showcasing extraordinary craftsmanship throughout.

C$574500

Residential For Sale

30 Victoria Avenue, Weymouth, NS B0W 3T0

Listing courtesy of Royal LePage Anchor Realty

5Bedroom(s)

3Bathroom(s)

C$574500

Residential For Sale

6 Pembrooke Street, Waverley, NS B2R 1L6

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

30Picture(s)

1,005Sqft

Listing courtesy of One Percent Realty East Inc.

C$559900

Residential For Sale

6 Pembrooke Street, Waverley, NS B2R 1L6

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,005Sqft

Listing courtesy of One Percent Realty East Inc.

Pride of ownership radiates throughout this beautifully maintained 3-bed bungalow—an ideal blend of comfort and lifestyle appeal. This home offers a single attached garage plus a newer 26 x 22 double detached garage, perfect for hobbyists, storage, or additional vehicles. Municipal water & sewer.

C$559900

Residential For Sale

6 Pembrooke Street, Waverley, NS B2R 1L6

Listing courtesy of One Percent Realty East Inc.

3Bedroom(s)

1Bathroom(s)

C$559900

Residential For Sale

23 Nordic Crescent, Lower Sackville, NS B4C 2E4

More Details

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

26Picture(s)

1,120Sqft

Listing courtesy of Keller Williams Select Realty

C$394900

Residential For Sale

23 Nordic Crescent, Lower Sackville, NS B4C 2E4

3Bedroom(s)

1Bathroom(s)

PavedParking(s)

1,120Sqft

Listing courtesy of Keller Williams Select Realty

Step inside this charming 3 bedroom, 1 bathroom semi detached home and feel an immediate sense of comfort. Bright, welcoming, and lovingly maintained, this home is the perfect place to begin your next chapter, whether you’re a first time buyer or searching for that cozy space to grow with your family.

C$394900

Residential For Sale

23 Nordic Crescent, Lower Sackville, NS B4C 2E4

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$394900

Residential For Sale

25 Matilda Street, Sydney, NS B1N 2T3

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

30Picture(s)

784Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

C$169900

Residential For Sale

25 Matilda Street, Sydney, NS B1N 2T3

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

784Sqft

Listing courtesy of Coldwell Banker Boardwalk Realty

Welcome to this charming 1.5 storey home located in the welcoming community of Whitney Pier, offering three bedrooms and one full bath, conveniently located close to all amenities. As you enter, you're welcomed into a comfortable living room that leads into a bright eat-in kitchen-an ideal space for everyday meals and gatherings.

C$169900

Residential For Sale

25 Matilda Street, Sydney, NS B1N 2T3

Listing courtesy of Coldwell Banker Boardwalk Realty

3Bedroom(s)

1Bathroom(s)

C$169900

Residential For Sale

48 Woodland Avenue, Dartmouth, NS B3A 3J8

More Details

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

31Picture(s)

804Sqft

Listing courtesy of Red Door Realty

C$384900

Residential For Sale

48 Woodland Avenue, Dartmouth, NS B3A 3J8

2Bedroom(s)

2Bathroom(s)

DetachedParking(s)

804Sqft

Listing courtesy of Red Door Realty

48 Woodland Ave offers the opportunity of home ownership at a compelling price. This sturdy bungalow has cheerful curb appeal, a sensible layout, and potential to update and expand. The 6600 sq/ft lot ER3 zoned corner lot presents multi-unit development potential. Crichton Park School district, and easy access in and out of the city.

C$384900

Residential For Sale

48 Woodland Avenue, Dartmouth, NS B3A 3J8

Listing courtesy of Red Door Realty

2Bedroom(s)

2Bathroom(s)

C$384900

Residential For Sale

6946 Highway 19 Highway, Judique North, NS B0E 1P0

More Details

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

43Picture(s)

2,392Sqft

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

C$550000

Residential For Sale

6946 Highway 19 Highway, Judique North, NS B0E 1P0

3Bedroom(s)

3Bathroom(s)

DetachedParking(s)

2,392Sqft

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

Excellent opportunity for those seeking space and comfort. Welcome to this well maintained brick home with 3 bedroom, 2.5 bath. The brick construction ensures durability and low maintenance for years to come. Situated on an expansive 60 acres in Judqiue North offering an ideal blend of privacy and convenience.

C$550000

Residential For Sale

6946 Highway 19 Highway, Judique North, NS B0E 1P0

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

3Bedroom(s)

3Bathroom(s)

C$550000

Residential For Sale

198 Renfrew Street, Dartmouth, NS B2Y 2M5

More Details

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

18Picture(s)

860Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

C$518999

Residential For Sale

198 Renfrew Street, Dartmouth, NS B2Y 2M5

2Bedroom(s)

1Bathroom(s)

PavedParking(s)

860Sqft

Listing courtesy of Assist-2-Sell Homeworks Realty

Zoned ER-3 Two lots with separate PID numbers are being sold together—attention developers, contractors, investors or even first-time home buyers!. Located within walking distance to the NSCC Waterfront Campus, Dartmouth General Hospital and the Woodside ferry to downtown Halifax this location is ripe for development.

C$518999

Residential For Sale

198 Renfrew Street, Dartmouth, NS B2Y 2M5

Listing courtesy of Assist-2-Sell Homeworks Realty

2Bedroom(s)

1Bathroom(s)

C$518999

Residential For Sale

71 Sheriff Avenue, Sydney, NS B1P 2P6

More Details

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

27Picture(s)

1,628Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$320000

Residential For Sale

71 Sheriff Avenue, Sydney, NS B1P 2P6

6Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,628Sqft

Listing courtesy of RE/MAX Park Place Inc.

This spacious six-bedroom, one-and-a-half-bath home is perfectly situated in the heart of Ashby, just moments from Sydney’s downtown core, walking trails, shopping amenities, and the new NSCC campus. Currently operating rental property and bringing in $3,400/ month, this home offers an excellent opportunity for investors looking to expand their portfolio.

C$320000

Residential For Sale

71 Sheriff Avenue, Sydney, NS B1P 2P6

Listing courtesy of RE/MAX Park Place Inc.

6Bedroom(s)

2Bathroom(s)

C$320000

Residential For Sale

1017 211 Highway, Jordanville, NS B0J 3C0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

50Picture(s)

3,861Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

C$549900

Residential For Sale

1017 211 Highway, Jordanville, NS B0J 3C0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

3,861Sqft

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

Welcome to The Homestead — Your Peaceful Country Retreat This lovely family home is located in Jordanville, just under 10 minutes from Sherbrooke, where you’ll find schools, shopping, restaurants, gas, a garage, and the world-famous Sherbrooke Village of the 1860s. Set on 1.

C$549900

Residential For Sale

1017 211 Highway, Jordanville, NS B0J 3C0

Listing courtesy of Re/Max Park Place Inc. (Antigonish)

3Bedroom(s)

2Bathroom(s)

C$549900

Residential For Sale

186 Hartz Point Road, Birchtown, NS B0T 1W0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

39Picture(s)

965Sqft

Listing courtesy of East Bay Realty Ltd.

C$115000

Residential For Sale

186 Hartz Point Road, Birchtown, NS B0T 1W0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

965Sqft

Listing courtesy of East Bay Realty Ltd.

Preferred location! 1973 mobile home with add on and large back deck facing the water Ideal income property or vacation rental on mature landscaped lot with beautiful views of Birchtown Bay. Great starter or income property for investment to eventually build your dream home. Heated by oil furnace with all major appliances included.

C$115000

Residential For Sale

186 Hartz Point Road, Birchtown, NS B0T 1W0

Listing courtesy of East Bay Realty Ltd.

3Bedroom(s)

1Bathroom(s)

C$115000

3354 Results returned.Per Page

Stop Paying Rent!

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

How to Stop Paying Rent and Own Your Own Home

Don’t pay another cent in rent to your landlord!

– save for a down payment

– stop lining your landlord’s pockets, and – stop wasting thousands of dollars on rent.

6 Little Known Facts That Can Help You Buy Your First Home

The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:

You can buy a home with much less down than you think.

You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

You may be able to find a seller to help you buy and finance your home.

Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

You may be able to create a cash down payment without actually going into debt.

You can buy a home even if you have problems with your credit rating.

If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

You can, and should, get preapproved for a home loan before you go looking for a home.

Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

9 Buyer Traps & How to Avoid Them

No matter which way you look at it, buying a home is a major investment. But for many home buyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them into either:

* paying too much for the home they want, or * losing their dream home to another buyer or, * (worse) buying the wrong home for their needs.

A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

This important article discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The 9 Buyer Traps

Bidding Blind

Buying the Wrong Home.

Unclear Title.

Inaccurate Survey.

Undisclosed Fix-ups.

Not Getting Mortgage Preapproval.

Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

Contract Misses.

Hidden Costs.

Rushing the Closing.

One More Tip…

Residential For Sale

230 Victoria Street E, Amherst, NS B4H 1Y9

Residential For Sale

Residential For Sale

Residential For Sale

800 Shore Road, Sydney Mines, NS B1V 1A5

Residential For Sale

Residential For Sale

Residential For Sale

30 Victoria Avenue, Weymouth, NS B0W 3T0

Residential For Sale

Residential For Sale

Residential For Sale

6 Pembrooke Street, Waverley, NS B2R 1L6

Residential For Sale

Residential For Sale

Residential For Sale

23 Nordic Crescent, Lower Sackville, NS B4C 2E4

Residential For Sale

Residential For Sale

Residential For Sale

25 Matilda Street, Sydney, NS B1N 2T3

Residential For Sale

Residential For Sale

Residential For Sale

48 Woodland Avenue, Dartmouth, NS B3A 3J8

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.