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

18 Lois Lane, Simms Settlement, NS B3P 2T3

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

21Picture(s)

896Sqft

Listing courtesy of Keller Williams Select Realty

C$174900

Residential For Sale

18 Lois Lane, Simms Settlement, NS B3P 2T3

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

896Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to Ten Beaches Estates. This home is tucked away which provides privacy and serenity, the community is very well maintained and ‘this property is within the Shatford Trust area’. Home offers three bedrooms, one full bathroom, spacious eat in kitchen and bright oversized living room with pellet stove that keeps the whole home warm and cozy.

C$174900

Residential For Sale

18 Lois Lane, Simms Settlement, NS B3P 2T3

Listing courtesy of Keller Williams Select Realty

3Bedroom(s)

1Bathroom(s)

C$174900

Residential For Sale

22 Sharon Drive, Middle Sackville, NS B4E 1E3

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

32Picture(s)

744Sqft

Listing courtesy of Keller Williams Select Realty

C$184900

Residential For Sale

22 Sharon Drive, Middle Sackville, NS B4E 1E3

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

744Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 22 Sharon Drive - This charming and beautifully updated 2 bedroom, 1 bathroom is move-in ready. This mini home is nestled in a well-maintained, peaceful park with unbeatable convenience. Ideally located, you’ll enjoy quick access to restaurants, schools, public transit, and two major highways. Commuting is a breeze, the airport is just a short 20-minute drive.

C$184900

Residential For Sale

22 Sharon Drive, Middle Sackville, NS B4E 1E3

Listing courtesy of Keller Williams Select Realty

2Bedroom(s)

1Bathroom(s)

C$184900

Residential For Sale

46 Kearney Lake Road, Halifax, NS B3M 2S7

More Details

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

42Picture(s)

2,732Sqft

Listing courtesy of Keller Williams Select Realty

C$555555

Residential For Sale

46 Kearney Lake Road, Halifax, NS B3M 2S7

5Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,732Sqft

Listing courtesy of Keller Williams Select Realty

Calling all investors and cash buyers! This spacious 5 bed, 3 bath home offering over 2,700 square feet of comfortable living in one of Halifax’s most convenient locations is looking for a new owner. Situated on a prominent corner lot, this property provides excellent curb appeal, ample parking, and a rare double over/under garage perfect for multi-vehicle families or additional storage.

C$555555

Residential For Sale

46 Kearney Lake Road, Halifax, NS B3M 2S7

Listing courtesy of Keller Williams Select Realty

5Bedroom(s)

3Bathroom(s)

C$555555

Residential For Sale

18 Kirk Avenue, Stellarton, NS B0K 1S0

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

48Picture(s)

1,548Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

C$279000

Residential For Sale

18 Kirk Avenue, Stellarton, NS B0K 1S0

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

1,548Sqft

Listing courtesy of Royal LePage Atlantic(Stellarton)

Welcome to this solid and spacious 4-bedroom, 2-full bathroom bungalow, perfectly situated in a central location in Stellarton! This home offers an excellent opportunity for a buyer looking to infuse their personal style and create instant equity. While this property has been lovingly maintained and boasts great bones, it is ready for a little cosmetic updating to truly shine.

C$279000

Residential For Sale

18 Kirk Avenue, Stellarton, NS B0K 1S0

Listing courtesy of Royal LePage Atlantic(Stellarton)

4Bedroom(s)

2Bathroom(s)

C$279000

Residential For Sale

2508 Oxford Street, Halifax Peninsula, NS B3L 2T4

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

47Picture(s)

1,548Sqft

Listing courtesy of Royal LePage Atlantic

C$889900

Residential For Sale

2508 Oxford Street, Halifax Peninsula, NS B3L 2T4

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,548Sqft

Listing courtesy of Royal LePage Atlantic

Nestled in the desirable West End, this charming 3-bedroom, 1-bath home epitomizes modern living with a blend of comfort and style. Step inside to discover an inviting open-concept main floor that seamlessly connects a beautifully modernized kitchen, a cozy dining area, and a bright living space—perfect for both everyday living and entertaining.

C$889900

Residential For Sale

2508 Oxford Street, Halifax Peninsula, NS B3L 2T4

Listing courtesy of Royal LePage Atlantic

3Bedroom(s)

1Bathroom(s)

C$889900

Residential For Sale

7 Fleming Street, Amherst, NS B4H 0C7

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

34Picture(s)

856Sqft

Listing courtesy of EXIT Realty Inter Lake

C$294900

Residential For Sale

7 Fleming Street, Amherst, NS B4H 0C7

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

856Sqft

Listing courtesy of EXIT Realty Inter Lake

This cozy 1-year-old, 2-bedroom, 1-bath home is perfectly suited as a retirement residence or an ideal starter home, located in the welcoming town of Amherst, Nova Scotia. Designed for comfort and easy living, the layout is efficient and inviting, offering just the right amount of space for low-maintenance living.

C$294900

Residential For Sale

7 Fleming Street, Amherst, NS B4H 0C7

Listing courtesy of EXIT Realty Inter Lake

2Bedroom(s)

1Bathroom(s)

C$294900

Residential For Sale

111 Maxner Drive, Upper Brookside, NS B6L 2J9

More Details

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

23Picture(s)

1,952Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$489900

Residential For Sale

111 Maxner Drive, Upper Brookside, NS B6L 2J9

2Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,952Sqft

Listing courtesy of Royal LePage Truro Real Estate

Acearage like this close to town is hard to find! Enjoy approximately 23 acres and the privacy that comes with it in this spacious bungalow with attached garage and detached shop. This bungalow with addition currently has 2 BR/1 bath upstairs along with kitchen, dining area, living room and main floor family room.

C$489900

Residential For Sale

111 Maxner Drive, Upper Brookside, NS B6L 2J9

Listing courtesy of Royal LePage Truro Real Estate

2Bedroom(s)

2Bathroom(s)

C$489900

Residential For Sale

20 Chemin De Laboiteau, Wedgeport, NS B0W 3P0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

21Picture(s)

1,006Sqft

Listing courtesy of Modern Realty

C$225000

Residential For Sale

20 Chemin De Laboiteau, Wedgeport, NS B0W 3P0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,006Sqft

Listing courtesy of Modern Realty

Here’s a solid family home in the heart of Wedgeport…..a quiet fishing community just 20 minutes from Yarmouth. Set on almost an acre with a second parcel of land included, this bungalow offers space, potential, and good bones to work with. Inside, you’ll find three main-floor bedrooms and a full bath, with an unfinished basement below for storage or future use.

C$225000

Residential For Sale

20 Chemin De Laboiteau, Wedgeport, NS B0W 3P0

Listing courtesy of Modern Realty

3Bedroom(s)

1Bathroom(s)

C$225000

Residential For Sale

1245 Highway 1, Wellington, NS B5A 5A5

More Details

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

45Picture(s)

2,303Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

C$199000

Residential For Sale

1245 Highway 1, Wellington, NS B5A 5A5

5Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,303Sqft

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

Step into the character and potential of this spacious century home, offering 5–6 bedrooms and 2 full bathrooms on just over an acre of land. Some updates have already been completed, while additional renovations will allow a new owner to truly make this property their own.

C$199000

Residential For Sale

1245 Highway 1, Wellington, NS B5A 5A5

Listing courtesy of RE/MAX Banner Real Estate(Yarmouth)

5Bedroom(s)

2Bathroom(s)

C$199000

Residential For Sale

17 Cook Drive, East River, NS B0J 1T0

More Details

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

17Picture(s)

1,024Sqft

Listing courtesy of Engel & Volkers (Chester)

C$125000

Residential For Sale

17 Cook Drive, East River, NS B0J 1T0

3Bedroom(s)

1Bathroom(s)

GravelParking(s)

1,024Sqft

Listing courtesy of Engel & Volkers (Chester)

If you have been searching for affordable housing, look no further! This bright and spacious three bedroom, one bath mini home is ready for some finishing touches to make it your own! Open concept kitchen, dining and living area with "cathedral" ceilings and large windows throughout. The 4-piece bath and laundry area are tucked away behind the kitchen.

C$125000

Residential For Sale

17 Cook Drive, East River, NS B0J 1T0

Listing courtesy of Engel & Volkers (Chester)

3Bedroom(s)

1Bathroom(s)

C$125000

Residential For Sale

12 Layton Road, Halifax, NS B3P 1Z8

More Details

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

33Picture(s)

1,231Sqft

Listing courtesy of Viewpoint Realty Services Inc.

C$479000

Residential For Sale

12 Layton Road, Halifax, NS B3P 1Z8

4Bedroom(s)

2Bathroom(s)

PavedParking(s)

1,231Sqft

Listing courtesy of Viewpoint Realty Services Inc.

Welcome to 12 Layton Road! Just minutes from the Armdale Rotary and the downtown core, this 4-bedroom home has been completely renovated and is ready for immediate closing. The main floor features a bright layout with a newly installed energy-efficient heat pump and a brand-new powder room, while the upstairs offers a full bath and spacious sleeping quarters. Sitting on a 6,802 sq. ft.

C$479000

Residential For Sale

12 Layton Road, Halifax, NS B3P 1Z8

Listing courtesy of Viewpoint Realty Services Inc.

4Bedroom(s)

2Bathroom(s)

C$479000

Residential For Sale

1197 Highway 2, Five Islands, NS B0M 1K0

More Details

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

41Picture(s)

1,556Sqft

Listing courtesy of RE/MAX Fairlane Realty

C$359900

Residential For Sale

1197 Highway 2, Five Islands, NS B0M 1K0

3Bedroom(s)

2Bathroom(s)

GravelParking(s)

1,556Sqft

Listing courtesy of RE/MAX Fairlane Realty

This Rural Move in Ready beautiful 3 bed/2 bath house has been renovated down to the studs and the only thing it now needs is for you! Almost everything you could think about has been renovated to this home; for starters with the exterior of the home: a metal roof, new siding, front and back decks with a covered in hot tub area, concrete pads, eavestrough and more have all been done.

C$359900

Residential For Sale

1197 Highway 2, Five Islands, NS B0M 1K0

Listing courtesy of RE/MAX Fairlane Realty

3Bedroom(s)

2Bathroom(s)

C$359900

3435 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

18 Lois Lane, Simms Settlement, NS B3P 2T3

Residential For Sale

Residential For Sale

Residential For Sale

22 Sharon Drive, Middle Sackville, NS B4E 1E3

Residential For Sale

Residential For Sale

Residential For Sale

46 Kearney Lake Road, Halifax, NS B3M 2S7

Residential For Sale

Residential For Sale

Residential For Sale

18 Kirk Avenue, Stellarton, NS B0K 1S0

Residential For Sale

Residential For Sale

Residential For Sale

2508 Oxford Street, Halifax Peninsula, NS B3L 2T4

Residential For Sale

Residential For Sale

Residential For Sale

7 Fleming Street, Amherst, NS B4H 0C7

Residential For Sale

Residential For Sale

Residential For Sale

111 Maxner Drive, Upper Brookside, NS B6L 2J9

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.