If you are in the market to buy a new home – don’t overlook that fixer upper! 

For many first time home buyers, they face the duel challenge of not having a big down payment and higher home prices.  Often, the only homes that younger buyers can afford are ones that are in need some renovations.

But just how do you budget for renovations when you’ve maxed out on the down payment?

If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.

In the past 3 years mortgage rules have been tightened numerous times.  As a result mortgage borrowers are not only required to supply more documents than before, but the criteria to qualify for a mortgage has increased.  This is especially the case for those who have their own businesses and don’t have the typical documentation required.

Here are some items you need to have or be aware of when you apply for a mortgage...

Moving to a different neighbourhood is an exciting adventure, but it's also a stressful time as we check off, one by one, all of the tasks necessary to turn a new house into a home. Be sure to add security measures to your list say advisers in this field.

Police investigations show that many intruders actually have a key. Always assume that several other people probably have a key to your new home, therefore replacing the entry locks as soon as possible is as important as hanging the drapes, placing the furniture in your rooms, and purchasing décor enhancements.

Take a look at this handy Top 10 checklist...