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

67 Birchview Drive, Lake Charlotte, NS B0J 2L0

More Details

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

47Picture(s)

2,184Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$649999

Residential For Sale

67 Birchview Drive, Lake Charlotte, NS B0J 2L0

4Bedroom(s)

2Bathroom(s)

GravelParking(s)

2,184Sqft

Listing courtesy of RE/MAX Nova (Halifax)

NEW, quality finishes throughout, stunning water views from both levels AND move in ready! This 4 bedroom, 2 full bath home has a functional flow with open concept main floor kitchen/dining/living rooms and split bedroom layout on each level...big family OR use one/two of the bedrooms as a flex room...home office(s), gym, art studio.

C$649999

Residential For Sale

67 Birchview Drive, Lake Charlotte, NS B0J 2L0

Listing courtesy of RE/MAX Nova (Halifax)

4Bedroom(s)

2Bathroom(s)

C$649999

Residential For Sale

5 Placid Court, Yarmouth, NS B5A 4N5

More Details

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

49Picture(s)

2,226Sqft

Listing courtesy of Modern Realty

C$539900

Residential For Sale

5 Placid Court, Yarmouth, NS B5A 4N5

3Bedroom(s)

2Bathroom(s)

DoubleParking(s)

2,226Sqft

Listing courtesy of Modern Realty

One-Owner Home! Impeccably maintained and lovingly cared for by its original owners, this spotless 3 bedroom, 1.5 bath home offers a unique design and exceptional curb appeal. With 3 levels of living space, there’s room for everyone to gather and relax.

C$539900

Residential For Sale

5 Placid Court, Yarmouth, NS B5A 4N5

Listing courtesy of Modern Realty

3Bedroom(s)

2Bathroom(s)

C$539900

Residential For Sale

50 Fawsons Cove Road, West Pennant, NS B3V 1M2

More Details

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

50Picture(s)

2,650Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$650000

Residential For Sale

50 Fawsons Cove Road, West Pennant, NS B3V 1M2

3Bedroom(s)

3Bathroom(s)

AttachedParking(s)

2,650Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Welcome to 50 Fawsons Cove Road, where panoramic ocean views meet true Nova Scotia charm. This beautifully maintained 3+den bedroom, 2.5-bath home offers flexibility, comfort, and breathtaking coastal scenery from nearly every window. Whether you’re searching for an income property, a space for extended family, or your own peaceful retreat, this home delivers it all.

C$650000

Residential For Sale

50 Fawsons Cove Road, West Pennant, NS B3V 1M2

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

3Bathroom(s)

C$650000

Residential For Sale

119 Appletree Drive, Windsor Road, NS B0J 1J0

More Details

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

32Picture(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic

C$289900

Residential For Sale

119 Appletree Drive, Windsor Road, NS B0J 1J0

2Bedroom(s)

2Bathroom(s)

Circular DrivewayParking(s)

1,088Sqft

Listing courtesy of Royal LePage Atlantic

Welcome to Kwyet Waters, a peaceful 55+ community where comfort and nature meet. This bright and inviting 2-bedroom, 2-bath 7 yr old home offers easy one-level living with stylish vinyl plank flooring throughout. The spacious open-concept layout features a modern kitchen with stainless steel appliances and abundant natural light streaming in through three patio doors.

C$289900

Residential For Sale

119 Appletree Drive, Windsor Road, NS B0J 1J0

Listing courtesy of Royal LePage Atlantic

2Bedroom(s)

2Bathroom(s)

C$289900

Residential For Sale

103 Waterloo Street, Liverpool, NS B0T 1G0

More Details

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

29Picture(s)

1,369Sqft

Listing courtesy of RE/MAX Nova (Halifax)

C$309900

Residential For Sale

103 Waterloo Street, Liverpool, NS B0T 1G0

3Bedroom(s)

1Bathroom(s)

AttachedParking(s)

1,369Sqft

Listing courtesy of RE/MAX Nova (Halifax)

Large three bedroom bungalow with attached single garage located in the heart of Liverpool's most desirable neighbourhoods within walking distance to the local schools, the Queens General Hospital and all of the town amenities.

C$309900

Residential For Sale

103 Waterloo Street, Liverpool, NS B0T 1G0

Listing courtesy of RE/MAX Nova (Halifax)

3Bedroom(s)

1Bathroom(s)

C$309900

Residential For Sale

256 Highway 366, Tyndal Road, NS B4H 3X9

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

35Picture(s)

1,202Sqft

Listing courtesy of Coldwell Banker Performance Realty

C$224900

Residential For Sale

256 Highway 366, Tyndal Road, NS B4H 3X9

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

1,202Sqft

Listing courtesy of Coldwell Banker Performance Realty

Enjoy peaceful living just minutes from town! This well looked after 2 bedroom, 1 bath bungalow is perfectly set back from the road on a private, tree-lined lot offering peace and quiet while still being just minutes from town. The main level features an open concept kitchen and living area, a 4 piece bathroom, and two comfortable bedrooms.

C$224900

Residential For Sale

256 Highway 366, Tyndal Road, NS B4H 3X9

Listing courtesy of Coldwell Banker Performance Realty

2Bedroom(s)

1Bathroom(s)

C$224900

Residential For Sale

137 Brighton Road, Brighton, NS B0T 1W0

More Details

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

12Picture(s)

988Sqft

Listing courtesy of Keller Williams Select Realty (Barrington Passage)

C$260000

Residential For Sale

137 Brighton Road, Brighton, NS B0T 1W0

2Bedroom(s)

1Bathroom(s)

GravelParking(s)

988Sqft

Listing courtesy of Keller Williams Select Realty (Barrington Passage)

This cozy and inviting home in the seaside community of Brighton, within walking distance to Lockeport's famous Crescent Beach (once featured on Canadian Currency $50 bill) is just what you're looking for. Two bedrooms, primary bedroom has a screened deck, bathroom is spacious with corner jet tub and living room has idyllic view of the Harbour.

C$260000

Residential For Sale

137 Brighton Road, Brighton, NS B0T 1W0

Listing courtesy of Keller Williams Select Realty (Barrington Passage)

2Bedroom(s)

1Bathroom(s)

C$260000

Residential For Sale

1707 Matthews Lane, Kingston, NS B0P 1R0

More Details

4Bedroom(s)

2Bathroom(s)

WiredParking(s)

40Picture(s)

2,600Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

C$449000

Residential For Sale

1707 Matthews Lane, Kingston, NS B0P 1R0

4Bedroom(s)

2Bathroom(s)

WiredParking(s)

2,600Sqft

Listing courtesy of Royal LePage Atlantic (Greenwood)

A rare find in the popular Ravenwood Subdivision—this beautifully maintained home is set on a private, half-acre lot, offering space and privacy that’s hard to come by in town. With an impressive 2,600 sq ft of living space, it’s clear from the moment you arrive that this property reflects true pride of ownership.

C$449000

Residential For Sale

1707 Matthews Lane, Kingston, NS B0P 1R0

Listing courtesy of Royal LePage Atlantic (Greenwood)

4Bedroom(s)

2Bathroom(s)

C$449000

Residential For Sale

961 Julie Drive, Kingston, NS B0P 1R0

More Details

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

35Picture(s)

1,804Sqft

Listing courtesy of RE/MAX Banner Real Estate

C$429900

Residential For Sale

961 Julie Drive, Kingston, NS B0P 1R0

3Bedroom(s)

2Bathroom(s)

AttachedParking(s)

1,804Sqft

Listing courtesy of RE/MAX Banner Real Estate

Located in the sought-after Ravenwood subdivision, this 3-bedroom, 2-bath split-entry home offers comfort, style, and functionality in a prime location. Recent updates include a new roof (shingles and underlayment) in 2024, an updated kitchen and bathrooms, and modern flooring throughout. Enjoy the bright bonus sunroom, perfect for relaxing with a morning coffee or unwinding at the end of the day.

C$429900

Residential For Sale

961 Julie Drive, Kingston, NS B0P 1R0

Listing courtesy of RE/MAX Banner Real Estate

3Bedroom(s)

2Bathroom(s)

C$429900

Residential For Sale

335-637 Highway 335, West Pubnico, NS B0W 3S0

More Details

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

46Picture(s)

1,475Sqft

Listing courtesy of Harbourside Realty Ltd.

C$249900

Residential For Sale

335-637 Highway 335, West Pubnico, NS B0W 3S0

3Bedroom(s)

2Bathroom(s)

DetachedParking(s)

1,475Sqft

Listing courtesy of Harbourside Realty Ltd.

Welcome to 637 Highway 335 West, Pubnico. This cozy oceanside home carries the charm of a bygone era, lovingly preserved with thoughtful modern updates. Inside, you’ll find three inviting bedrooms, one and a half baths, a bright kitchen, a dining room, a pantry, and quiet corners that seem made for curling up with a good book.

C$249900

Residential For Sale

335-637 Highway 335, West Pubnico, NS B0W 3S0

Listing courtesy of Harbourside Realty Ltd.

3Bedroom(s)

2Bathroom(s)

C$249900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

34Picture(s)

840Sqft

Listing courtesy of Exit Realty Town & Country

C$199900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

840Sqft

Listing courtesy of Exit Realty Town & Country

Adorable 2 Bedroom Mini Home in Beautiful Bridgetown! Nestled on a picturesque lot, this charming 2 bedroom mini home offers peaceful country living with modern updates and excellent investment potential. Recent improvements include new decks, roof, and a propane fireplace, move in ready and easy to maintain.

C$199900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$199900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

More Details

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

34Picture(s)

840Sqft

Listing courtesy of Exit Realty Town & Country

C$199900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

2Bedroom(s)

1Bathroom(s)

DoubleParking(s)

840Sqft

Listing courtesy of Exit Realty Town & Country

C$199900

Residential For Sale

380 Inglewood Road, Inglewood, NS B0S 1C0

Listing courtesy of Exit Realty Town & Country

2Bedroom(s)

1Bathroom(s)

C$199900

4287 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

67 Birchview Drive, Lake Charlotte, NS B0J 2L0

Residential For Sale

Residential For Sale

Residential For Sale

5 Placid Court, Yarmouth, NS B5A 4N5

Residential For Sale

Residential For Sale

Residential For Sale

50 Fawsons Cove Road, West Pennant, NS B3V 1M2

Residential For Sale

Residential For Sale

Residential For Sale

119 Appletree Drive, Windsor Road, NS B0J 1J0

Residential For Sale

Residential For Sale

Residential For Sale

103 Waterloo Street, Liverpool, NS B0T 1G0

Residential For Sale

Residential For Sale

Residential For Sale

256 Highway 366, Tyndal Road, NS B4H 3X9

Residential For Sale

Residential For Sale

Residential For Sale

137 Brighton Road, Brighton, NS B0T 1W0

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.