(905) 516-3911


Buying a Home

Homeownership is a big responsibility, and at the same time is a big excitement whether is your first home or your are upgrading or downsizing; is essential to make sure you have your finances in order before taking responsibility for an asset that can have a large value. Here are some of the questions to ask yourself before you take the plunge into homeownership:

What is the purpose of buying a house?

If you are relocating from another area, for work or school, ensure that you compare the market values as in some cases the value of property will be lower or higher for a comparable house in different cities. If you are permanently moving, it may be a good idea to rent for a few months until you get familiar with the new area, if you are not already have.

Do you have a down-payment?

If you are first home buyer, ensure that you have your down-payment in your account for a minimum of 90 days. Remember to also add an additional 3% to 5% of the purchase price of your home over and above your down-payment, this money is for closing costs.

Is your income steady?

A steady income will make it easier to qualify for a mortgage and help boost your credit score, which will also help you qualify for a mortgage. If you’re self-employed, buying a house can be a little more complicated, so it’s a good idea to speak to a mortgage broker nice and early.

How long do you plan to stay in this home?

Financially speaking, it’s best to purchase a home if you’re planning to stay put for at least five to seven years. Take a look at your professional and your family life to make sure you don’t have any significant changes coming up that might require you to relocate. Properties always go up and down, but the longer you stay in one location the greater chances that you would have caught a steady upward appreciation

Do you have a budget and stick to it?

Having a budget for your current situation is critical, but also think of all other expenses you will have after you buy your home and ensure that you factor in extra expenses in your new budget to ensure your lifestyle will not suffer.

For more information about how to enter the next phase of your life and the financial steps you need to follow book a complimentary Financial Health Assessment.






"I always wanted to talk to someone who could help me get my financial goals in order. I know I needed to get to this part but had no clue how to or who to get? When I spoke to friends they were in the same position. Araceli was amazing no question was dumb or any thing I had did in the past could not be fixed.

I feel/know Araceli got my life in order and regained happiness to my out look on my future. Does that sound dramatic...YES... but it is true!

I now have correct insurance coverage, my budget is fair I am not in the poor house every pay week and I have a feeling of safety and freedom. I love seeing her and she keeps me in check. I will always have this lady in my back pocket she has become a friend."

Christine Macvicar (Single professional)Mississauga

I met Araceli Hernandez about 9 years ago. One of the best decisions I ever made was to meet with her about financial planning. She wasn't pushy and listened to my concerns. I appreciated her vast knowledge and expertise. Fast forward 9 years later and I'm in a very good financial situation because of Aracelli's advice. My son is also well on his way to saving for his future. I strongly believe that everyone should have a financial advisor but working with someone like Aracelli is key to making well-informed decisions.

Patrice Palmer (Single Professional) Burlington

“I’ve worked with Araceli and feel she is the best. She works hard, knows her stuff and has integrity. She works with your budget and presents you with options that work for your situation and lifestyle. ”

Dana Castro (owner of three crowns studio) Mississauga