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

2905 Highway 3, Brass Hill, NS B0W 1E0

More Details

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

45Picture(s)

3,322Sqft

Listing courtesy of Keller Williams Select Realty

C$499000

Residential For Sale

2905 Highway 3, Brass Hill, NS B0W 1E0

4Bedroom(s)

3Bathroom(s)

No GarageParking(s)

3,322Sqft

Listing courtesy of Keller Williams Select Realty

Exceptional Home with Business Potential – Modern Living and Work Under One Roof This well-appointed home, built just 20 years ago, offers the perfect blend of comfortable family living and exceptional business opportunity. Set on a private parcel totaling over 3 acres, the property provides abundant space, flexibility, and privacy for a variety of lifestyles.

C$499000

Residential For Sale

2905 Highway 3, Brass Hill, NS B0W 1E0

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

3Bathroom(s)

C$499000

Residential For Sale

202-6369 Coburg Road, Halifax, NS B3H 4J7

More Details

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

22Picture(s)

650Sqft

Listing courtesy of Avalon Realty

C$308800

Residential For Sale

202-6369 Coburg Road, Halifax, NS B3H 4J7

1Bedroom(s)

1Bathroom(s)

UndergroundParking(s)

650Sqft

Listing courtesy of Avalon Realty

You can not find a better south end location, steps from Dalhousie University and Kings College as well as a short walk to SMU. This 1 bedroom unit provides ease of living for a student or young professionals looking to start on the property ladder. Well run, quiet and safe building includes live in super. Building continues to manage renovations and control the financial commitments.

C$308800

Residential For Sale

202-6369 Coburg Road, Halifax, NS B3H 4J7

Listing courtesy of Avalon Realty

1Bedroom(s)

1Bathroom(s)

C$308800

Residential For Sale

153 Talus Avenue, Bedford, NS B4B 1T9

More Details

6Bedroom(s)

5Bathroom(s)

DoubleParking(s)

50Picture(s)

3,410Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$1119000

Residential For Sale

153 Talus Avenue, Bedford, NS B4B 1T9

6Bedroom(s)

5Bathroom(s)

DoubleParking(s)

3,410Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Experience elevated living at 153 Talus Avenue, a home that blends luxury, function, and modern elegance across every level. Step inside to discover bright, welcoming spaces designed to complement today’s lifestyle.

C$1119000

Residential For Sale

153 Talus Avenue, Bedford, NS B4B 1T9

Listing courtesy of RE/MAX Nova (Halifax)

6Bedroom(s)

5Bathroom(s)

C$1119000

Residential For Sale

11 Downsview Drive, Colchester, NS B6L 1E8

More Details

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

2,203Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$625000

Residential For Sale

11 Downsview Drive, Colchester, NS B6L 1E8

5Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,203Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Welcome to your dream home! This beautiful 5-bedroom, 2-bath residence is nestled on a quiet dead-end street, providing a peaceful retreat, all while being just minutes away from Truro’s amenities. Sitting on a spacious 0.51-acre lot, this well-maintained property offers comfort, versatility, and plenty of room to grow.

C$625000

Residential For Sale

11 Downsview Drive, Colchester, NS B6L 1E8

Listing courtesy of Keller Williams Select Realty (Truro)

5Bedroom(s)

2Bathroom(s)

C$625000

Residential For Sale

9690 Grenville Street, St. Peters, NS B0E 3B0

More Details

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

50Picture(s)

1,200Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

C$349000

Residential For Sale

9690 Grenville Street, St. Peters, NS B0E 3B0

3Bedroom(s)

2Bathroom(s)

SingleParking(s)

1,200Sqft

Listing courtesy of Harvey Realties Limited (St.Peters)

Have you been looking for a home with "character"? Well you have just found one. Gorgeous older style home that has had loads of upgrades. The home, on the main floor, has the older style front verandah deck, great place for a porch rocker. Inside you will step into the main foyer with classic style staircase to the second floor.

C$349000

Residential For Sale

9690 Grenville Street, St. Peters, NS B0E 3B0

Listing courtesy of Harvey Realties Limited (St.Peters)

3Bedroom(s)

2Bathroom(s)

C$349000

Residential For Sale

Yeaholm Way Lot 311, Brookside, NS B3T 2K6

More Details

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2Picture(s)

3,576Sqft

Listing courtesy of Sutton Group Professional Realty

C$1017500

Residential For Sale

Yeaholm Way Lot 311, Brookside, NS B3T 2K6

4Bedroom(s)

3Bathroom(s)

AttachedParking(s)

3,576Sqft

Listing courtesy of Sutton Group Professional Realty

Welcome to The Skyline, a home that redefines modern bungalow living in the quiet, naturally serene community of Brookside. From the moment you step inside, you'll be captivated by the expansive main level, which boasts an impressive open concept great room, dining area, and kitchen with a 3x6 island, creating an ideal space for daily life and entertaining.

C$1017500

Residential For Sale

Yeaholm Way Lot 311, Brookside, NS B3T 2K6

Listing courtesy of Sutton Group Professional Realty

4Bedroom(s)

3Bathroom(s)

C$1017500

Residential For Sale

273 Meek Arm Trail, Mount Uniacke, NS B0N 1Z0

More Details

2Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

45Picture(s)

1,152Sqft

Listing courtesy of RE/MAX Nova

C$524900

Residential For Sale

273 Meek Arm Trail, Mount Uniacke, NS B0N 1Z0

2Bedroom(s)

2Bathroom(s)

DrivewayParking(s)

1,152Sqft

Listing courtesy of RE/MAX Nova

Welcome to The Villages of Long Lake and this stunning open concept Sunflower Model! This model has an added porch/mudroom upon entry, generous bedrooms upstairs, 1 bedroom/Office / Den on the and main floor laundry .

C$524900

Residential For Sale

273 Meek Arm Trail, Mount Uniacke, NS B0N 1Z0

Listing courtesy of RE/MAX Nova

2Bedroom(s)

2Bathroom(s)

C$524900

Residential For Sale

830 Summerfield Court, North Kentville, NS B4N 5J4

More Details

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

43Picture(s)

3,028Sqft

Listing courtesy of MacKay Real Estate Ltd.

C$717500

Residential For Sale

830 Summerfield Court, North Kentville, NS B4N 5J4

4Bedroom(s)

4Bathroom(s)

AttachedParking(s)

3,028Sqft

Listing courtesy of MacKay Real Estate Ltd.

This 3-level family home on a quiet cul-de-sac in Fox Hill subdivision has 4 bedrooms and potential for a 5th in the finished basement. The eat-in kitchen is open to the living room with a propane fireplace. The house has a large primary suite with adjacent laundry, impressive storage spaces, 2 full and 2 half bathrooms, and a heated attached 2-car garage.

C$717500

Residential For Sale

830 Summerfield Court, North Kentville, NS B4N 5J4

Listing courtesy of MacKay Real Estate Ltd.

4Bedroom(s)

4Bathroom(s)

C$717500

Residential For Sale

9118 316 Highway, Guysborough County, NS B0H 1T0

More Details

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

50Picture(s)

2,372Sqft

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

C$478000

Residential For Sale

9118 316 Highway, Guysborough County, NS B0H 1T0

2Bedroom(s)

1Bathroom(s)

SingleParking(s)

2,372Sqft

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

Beautiful family home (less than 2 years old) on over 10 acres nicely landscaped lot with 846 feet water frontage on New Harbour River in Guysborough County. Owners spent lots of time and money landscaping the lot, installed drilled well and onsite sewage system, poured concrete foundation and put a customized 32'x42' bungalow style modular Kent home on it.

C$478000

Residential For Sale

9118 316 Highway, Guysborough County, NS B0H 1T0

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

2Bedroom(s)

1Bathroom(s)

C$478000

Residential For Sale

2660 Prospect Road, Whites Lake, NS B3T 1V6

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

32Picture(s)

676Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$349900

Residential For Sale

2660 Prospect Road, Whites Lake, NS B3T 1V6

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

676Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Fantastic opportunity to enter the market with this charming home where the heavy lifting is already done! Recent upgrades include a new roof (2025), windows, plumbing, basement insulation, and a new back deck. Enjoy the best of both worlds — peaceful rural living while being just 20 minutes from Central Halifax and even closer to the amenities of Bayer’s Lake.

C$349900

Residential For Sale

2660 Prospect Road, Whites Lake, NS B3T 1V6

Listing courtesy of RE/MAX Nova (Halifax)

2Bedroom(s)

1Bathroom(s)

C$349900

Residential For Sale

159 Ravines Dr Drive, Bedford, NS B4A 0B8

More Details

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

40Picture(s)

3,561Sqft

Listing courtesy of Royal LePage Atlantic

C$899000

Residential For Sale

159 Ravines Dr Drive, Bedford, NS B4A 0B8

5Bedroom(s)

4Bathroom(s)

DoubleParking(s)

3,561Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 159 Ravines Drive — an elegant executive two-storey home in the prestigious Ravines of Bedford South. The exposed-aggregate driveway and striking rooflines with turret accents create outstanding curb appeal. Inside, a spacious foyer opens to large formal living and dining rooms featuring gleaming hardwood floors, picture-frame mouldings, and detailed crown work.

C$899000

Residential For Sale

159 Ravines Dr Drive, Bedford, NS B4A 0B8

Listing courtesy of Royal LePage Atlantic

5Bedroom(s)

4Bathroom(s)

C$899000

Residential For Sale

154 Old Farm Lane, New Minas, NS B4N 4K8

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

23Picture(s)

2,304Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

C$409900

Residential For Sale

154 Old Farm Lane, New Minas, NS B4N 4K8

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

2,304Sqft

Listing courtesy of Royal LePage Atlantic (New Minas)

Step into 154 Old Farm Lane and immediately feel the comfort, space, and quiet that buyers search for in New Minas. This three bedroom (plus den) bungalow delivers strong value, a family friendly location, and a layout that works for real life.

C$409900

Residential For Sale

154 Old Farm Lane, New Minas, NS B4N 4K8

Listing courtesy of Royal LePage Atlantic (New Minas)

3Bedroom(s)

2Bathroom(s)

C$409900

3350 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

2905 Highway 3, Brass Hill, NS B0W 1E0

Residential For Sale

Residential For Sale

Residential For Sale

202-6369 Coburg Road, Halifax, NS B3H 4J7

Residential For Sale

Residential For Sale

Residential For Sale

153 Talus Avenue, Bedford, NS B4B 1T9

Residential For Sale

Residential For Sale

Residential For Sale

11 Downsview Drive, Colchester, NS B6L 1E8

Residential For Sale

Residential For Sale

Residential For Sale

9690 Grenville Street, St. Peters, NS B0E 3B0

Residential For Sale

Residential For Sale

Residential For Sale

Yeaholm Way Lot 311, Brookside, NS B3T 2K6

Residential For Sale

Residential For Sale

Residential For Sale

273 Meek Arm Trail, Mount Uniacke, NS B0N 1Z0

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.