Why seek advice before buying your first home?

3 minutes

From the down payment to signing at the notary's, buying your first home is a marathon of emotions and numbers. Between overbidding and the fear of “missing out,” it’s hard to keep a cool head. That’s exactly the role of finance advisors: they guide you at every step to bring order, method and peace of mind to the chaos.

1. Plan with clarity and confidence before committing

Buying a home starts long before the first visit. A solid plan is the best starting point. Financial advisors help you set up a strong framework for your project. They support you in:

  • Understanding your real borrowing capacity by analyzing income, lifestyle and risk tolerance.
  • Choosing the best savings and down payment strategy: Home Buyers’ Plan (HBP), FHSA or a combination, based on your situation.
  • Anticipating often-overlooked costs: notary, inspection, moving, priority renovations.

Their goal? To make sure that once you own your home, you can handle payments without sacrificing life’s little pleasures because the house costs too much.

2. Navigate complex decisions during the purchase

When the project becomes real, decisions speed up. Insurance advisors help you surround yourself with trusted specialists: real estate broker, mortgage broker, notary, insurer.

Each plays a role, but advisors ensure every choice stays aligned with your plan. They’re great allies for:

  • Setting a reasonable limit based on your numbers
  • Deciding how much to invest without compromising your emergency fund
  • Budgeting extra costs after purchase: welcome tax, hookups, furniture, appliances, home insurance

All these elements, combined, can throw off a tight budget.

3. Protect your assets and keep building after buying

Once the keys are handed over and boxes unpacked, the advisor’s role is far from over. That’s often when new questions arise. How should you rebalance your savings now that the mortgage kicks in? How to keep investing in your goals without burning out?

Advisors support you by securing your future with:

  • Life, disability, critical illness, mortgage loan insurance to protect you and your family from the unexpected
  • An emergency fund to absorb surprise costs
  • Regular follow-ups to adjust your plan as life evolves: a new job, a child, renovations, separation, etc.

Human guides in a world of numbers

With simulators, calculators and comparison tools multiplying online, you might think advisors are less relevant. But in fact, it’s the opposite.

With their expertise and human touch, advisors guide you toward the right choices. What technology calculates, advisors interpret. What numbers show, they explain. And, most importantly, they understand your emotions, doubts and aspirations.

No app can offer this big-picture view where every decision—savings, insurance, borrowing—aligns with your true priorities.

Ready to become a homeowner?

Meet our Beneva advisors today and start your journey to the home of your dreams with confidence.