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

51 Five Point Road, Lower Debert, NS B0M 1G0

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

32Picture(s)

2,240Sqft

Listing courtesy of Royal LePage Truro Real Estate

C$465000

Residential For Sale

51 Five Point Road, Lower Debert, NS B0M 1G0

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,240Sqft

Listing courtesy of Royal LePage Truro Real Estate

Located just minutes from Masstown Market & Castle Hardware, highway access, shopping & restaurants, this COMPLETELY RENOVATED 3-bedroom, 2-bath home, finished on 2 levels, offers the perfect blend of convenience & peaceful country living.

C$465000

Residential For Sale

51 Five Point Road, Lower Debert, NS B0M 1G0

Listing courtesy of Royal LePage Truro Real Estate

3Bedroom(s)

2Bathroom(s)

C$465000

Residential For Sale

2 International, Glace Bay, NS B1A 3P7

More Details

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

25Picture(s)

814Sqft

Listing courtesy of RE/MAX Park Place Inc.

C$74000

Residential For Sale

2 International, Glace Bay, NS B1A 3P7

3Bedroom(s)

1Bathroom(s)

No GarageParking(s)

814Sqft

Listing courtesy of RE/MAX Park Place Inc.

Welcome to 2 International Street, a 3-bedroom, 1-bathroom semi-detached home located on a quiet street in Glace Bay. Sitting on a desirable corner lot, this property offers both comfort and convenience. Inside, you’ll find new flooring throughout, an updated kitchen and a refreshed bathroom. The home is heated with efficient electric baseboards, providing easy maintenance year-round.

C$74000

Residential For Sale

2 International, Glace Bay, NS B1A 3P7

Listing courtesy of RE/MAX Park Place Inc.

3Bedroom(s)

1Bathroom(s)

C$74000

Residential For Sale

65 Meadow Breeze Lane, Kings Head, NS B2H 5C4

More Details

5Bedroom(s)

5Bathroom(s)

GravelParking(s)

50Picture(s)

5,647Sqft

Listing courtesy of Cape Breton Realty

C$2900000

Residential For Sale

65 Meadow Breeze Lane, Kings Head, NS B2H 5C4

5Bedroom(s)

5Bathroom(s)

GravelParking(s)

5,647Sqft

Listing courtesy of Cape Breton Realty

Uncover the unparalleled charm of this extraordinary 5-bedroom, 5-bath timber frame home, meticulously crafted from salvaged barn wood and adorned with beams from historic barns. Central to its design is a majestic white pine tree over a century old, adding a touch of heritage to this architectural gem spanning about 6,000 square feet.

C$2900000

Residential For Sale

65 Meadow Breeze Lane, Kings Head, NS B2H 5C4

Listing courtesy of Cape Breton Realty

5Bedroom(s)

5Bathroom(s)

C$2900000

Residential For Sale

2a-368 Heathbell Road, Heathbell, NS B0K 1R0

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,035Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

C$479900

Residential For Sale

2a-368 Heathbell Road, Heathbell, NS B0K 1R0

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,035Sqft

Listing courtesy of Blinkhorn Real Estate Ltd.

This fantastic 3-bedroom, 3-bathroom home has so much to offer—space, style, and incredible value! As soon as you arrive, you will be charmed by the beautiful curb appeal, featuring lovely stone siding and a double-door attached garage that sets a welcoming tone for what awaits inside.

C$479900

Residential For Sale

2a-368 Heathbell Road, Heathbell, NS B0K 1R0

Listing courtesy of Blinkhorn Real Estate Ltd.

3Bedroom(s)

3Bathroom(s)

C$479900

Residential For Sale

45 Grove Avenue, Beaver Bank, NS B4G 1B7

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

31Picture(s)

1,937Sqft

Listing courtesy of Exit Real Estate Professionals

C$574900

Residential For Sale

45 Grove Avenue, Beaver Bank, NS B4G 1B7

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,937Sqft

Listing courtesy of Exit Real Estate Professionals

Welcome to 45 Grove Ave in beautiful Beaver Bank, NS. A charming single detached split entry home offering comfort, space, and a feel of country living just waiting for their new owners to add their personal touch. Just minutes away from all amenities of Sackville and set on a picturesque 0.

C$574900

Residential For Sale

45 Grove Avenue, Beaver Bank, NS B4G 1B7

Listing courtesy of Exit Real Estate Professionals

3Bedroom(s)

2Bathroom(s)

C$574900

Residential For Sale

13 Eighth Street, Lucasville, NS B4B 0C9

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

40Picture(s)

1,072Sqft

Listing courtesy of Exit Realty Metro

C$240000

Residential For Sale

13 Eighth Street, Lucasville, NS B4B 0C9

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,072Sqft

Listing courtesy of Exit Realty Metro

Located in the sought-after Sod after Timber Trails area, this beautifully updated 2-bedroom, 1-bath mini home offers the perfect blend of comfort, style, and convenience. Step inside to find all new flooring, fresh interior paint, and a bright open-concept layout that feels modern and inviting.

C$240000

Residential For Sale

13 Eighth Street, Lucasville, NS B4B 0C9

Listing courtesy of Exit Realty Metro

2Bedroom(s)

1Bathroom(s)

C$240000

Residential For Sale

405-67 Kings Wharf, Dartmouth, NS B2Y 0C6

More Details

1Bedroom(s)

2Bathroom(s)

OtherParking(s)

50Picture(s)

1,075Sqft

Listing courtesy of Royal LePage Atlantic

C$589000

Residential For Sale

405-67 Kings Wharf, Dartmouth, NS B2Y 0C6

1Bedroom(s)

2Bathroom(s)

OtherParking(s)

1,075Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to 67 Kings Wharf, Suite 405. If you've been searching for a home with style, comfort, and a stunning view , look no further. This one-bedroom plus den condo offers a bright, open-concept layout with soaring 9-foot, floor-to-ceiling windows and two full bathrooms.

C$589000

Residential For Sale

405-67 Kings Wharf, Dartmouth, NS B2Y 0C6

Listing courtesy of Royal LePage Atlantic

1Bedroom(s)

2Bathroom(s)

C$589000

Residential For Sale

144 Pleasant Street, Stellarton, NS B0K 1S0

More Details

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

49Picture(s)

1,983Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

C$324500

Residential For Sale

144 Pleasant Street, Stellarton, NS B0K 1S0

3Bedroom(s)

2Bathroom(s)

No GarageParking(s)

1,983Sqft

Listing courtesy of Keller Williams Select Realty (Truro)

Welcome to this charming property located in Stellarton. This home features a spacious kitchen suitable for cooking and entertaining, alongside a comfortable living room and dining room with beautiful hardwood floors and an abundance of natural light. On the main floor, there is a master bedroom that includes a walk-in closet.

C$324500

Residential For Sale

144 Pleasant Street, Stellarton, NS B0K 1S0

Listing courtesy of Keller Williams Select Realty (Truro)

3Bedroom(s)

2Bathroom(s)

C$324500

Residential For Sale

1 Bumpy Lane, Lake Echo, NS B3E 1B7

More Details

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

50Picture(s)

1,152Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

C$232900

Residential For Sale

1 Bumpy Lane, Lake Echo, NS B3E 1B7

3Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,152Sqft

Listing courtesy of Royal LePage Atlantic (Dartmouth)

Welcome to Mountain View Estates! A great community with so much to offer including a full playground, basketball court and ball field, lake access where you can go fishing within park boundaries and Lake Echo Rec Centre & Beach are just minutes away offering 4-season fun! (swimming, kayaking, skating, fishing, etc).

C$232900

Residential For Sale

1 Bumpy Lane, Lake Echo, NS B3E 1B7

Listing courtesy of Royal LePage Atlantic (Dartmouth)

3Bedroom(s)

1Bathroom(s)

C$232900

Residential For Sale

8981 Highway 331, Voglers Cove, NS B0J 2H0

More Details

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

50Picture(s)

2,587Sqft

Listing courtesy of EXIT Realty Inter Lake

C$1100000

Residential For Sale

8981 Highway 331, Voglers Cove, NS B0J 2H0

4Bedroom(s)

3Bathroom(s)

DoubleParking(s)

2,587Sqft

Listing courtesy of EXIT Realty Inter Lake

Welcome to coastal living in Voglers Cove—where ocean views, fresh salt air, and room to spread out meet thoughtful, quality finishes. Set on nearly 13 acres overlooking an Atlantic Ocean salt marsh, this beautifully kept property offers a 4-bed, 3-bath main home, a charming guest cottage, and a big-sky backyard built for gardeners and anyone who loves to roam.

C$1100000

Residential For Sale

8981 Highway 331, Voglers Cove, NS B0J 2H0

Listing courtesy of EXIT Realty Inter Lake

4Bedroom(s)

3Bathroom(s)

C$1100000

Residential For Sale

15 Fredas Point Drive, Chester, NS B0J 1J0

More Details

4Bedroom(s)

4Bathroom(s)

DetachedParking(s)

42Picture(s)

3,389Sqft

Listing courtesy of Sotheby's International Realty Canada

C$5950000

Residential For Sale

15 Fredas Point Drive, Chester, NS B0J 1J0

4Bedroom(s)

4Bathroom(s)

DetachedParking(s)

3,389Sqft

Listing courtesy of Sotheby's International Realty Canada

15 Fredas Point is more than a residence, it is an embodiment of coastal craftsmanship, elevated living, and timeless design. Perched on 1.2 acres above Chester’s Front Harbour, this private, gated estate offers 150 feet of direct ocean frontage and sweeping views of Quaker, Meisner’s, and Saddle Islands.

C$5950000

Residential For Sale

15 Fredas Point Drive, Chester, NS B0J 1J0

Listing courtesy of Sotheby's International Realty Canada

4Bedroom(s)

4Bathroom(s)

C$5950000

Residential For Sale

79 Ridge Avenue, Waverley, NS B2R 1G4

More Details

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

42Picture(s)

2,325Sqft

Listing courtesy of Keller Williams Select Realty

C$629900

Residential For Sale

79 Ridge Avenue, Waverley, NS B2R 1G4

4Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,325Sqft

Listing courtesy of Keller Williams Select Realty

Welcome to 79 Ridge Avenue – A Rare Gem in the Heart of Waverley. Nestled on one of the most sought-after streets in the beautiful Waverley community This well-maintained home exudes warmth, charm, and pride of ownership.

C$629900

Residential For Sale

79 Ridge Avenue, Waverley, NS B2R 1G4

Listing courtesy of Keller Williams Select Realty

4Bedroom(s)

2Bathroom(s)

C$629900

4275 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

51 Five Point Road, Lower Debert, NS B0M 1G0

Residential For Sale

Residential For Sale

Residential For Sale

2 International, Glace Bay, NS B1A 3P7

Residential For Sale

Residential For Sale

Residential For Sale

65 Meadow Breeze Lane, Kings Head, NS B2H 5C4

Residential For Sale

Residential For Sale

Residential For Sale

2a-368 Heathbell Road, Heathbell, NS B0K 1R0

Residential For Sale

Residential For Sale

Residential For Sale

45 Grove Avenue, Beaver Bank, NS B4G 1B7

Residential For Sale

Residential For Sale

Residential For Sale

13 Eighth Street, Lucasville, NS B4B 0C9

Residential For Sale

Residential For Sale

Residential For Sale

405-67 Kings Wharf, Dartmouth, NS B2Y 0C6

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.