Feel pressured to accept a One-size-fits-all mortgage?

When signing your new mortgage, make sure you have access to a Home-Equity-Line-of-Credit if your property is going to need renovations.

Mortgage Tip:  The mortgage that is right for your neighbour, might not be the right one for you!  Don't be intimidated as a first-time buyer or feel pressured to accept a one-size-fits-all mortgage that might look cheap, but comes with expensive restrictions.