Mortgages for People New to Canada aim to help newcomers understand the Canadian real estate market and associated costs, including closing fees and adjustment expenses. By opting for a mortgage, newcomers can build equity instead of paying rent, benefiting from employment and credit sources. This service assists newcomers in finding the best rates and mortgage options, especially for those seeking higher loan amounts (over $1 million) with at least a 20% down payment saved. Additionally, there is flexibility with down payments, allowing for as little as 5% down. Homebuyer incentive programs and down payment assistance options will be explained to clients. Clients will have access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers. These lenders can offer a custom-tailored mortgage product that suits the clients' needs and secures the best rate, even if they don't qualify at their bank due to reasons like limited credit and employment history. Lastly, innovative tools in Canada are provided to ensure an efficient first-time home buying experience.