At Mortgages for People New to Canada, our goal is to assist newcomers in understanding the Canadian real estate market and the associated costs involved. We strive to provide comprehensive information on closing costs and adjustment costs, ensuring that our clients are well-informed throughout the home buying process. By having a clear understanding of these costs, newcomers can make educated decisions and avoid any unexpected expenses.

One of the key advantages of choosing a mortgage over renting is the opportunity to build equity. As newcomers establish themselves in Canada, they can benefit from employment and credit sources, which can improve their financial standing. By opting for a mortgage, individuals can invest in their own property and steadily build equity, rather than paying rent and bolstering someone else's investment. We understand the importance of this aspect and strive to guide our clients towards the best mortgage options for their unique circumstances.

Our services extend beyond traditional mortgage options, as we cater to newcomers looking for higher loan amounts. For those interested in purchasing properties valued at over $1 million, we can provide mortgage solutions that require a minimum 20% down payment. Additionally, we offer more flexibility on down payment options, allowing individuals to purchase properties with as little as 5% down. We understand that every client has different financial capabilities, and we work with them to find the right mortgage rates and options that suit their needs.

We recognize that many newcomers may not be familiar with the various homebuyer incentive programs and down payment assistance options available to them. Our team will explain these programs in detail, ensuring that clients are aware of any potential benefits and resources that can make their home buying journey easier.

Our access to all of Canada's top lenders sets us apart from other mortgage providers. We have established relationships with large banks, mortgage finance companies, credit unions, and alternative financers, allowing us to offer a range of options to our clients. This is particularly beneficial for individuals who may not qualify for a mortgage at their bank due to factors such as limited credit history or employment duration. We are dedicated to finding a customized, tailored product that fits our clients' mortgage needs and secures the best possible rate for them.

To further enhance the home buying experience, we provide access to innovative tools available in Canada. These tools streamline the process, making it more efficient for first-time homebuyers. We understand that navigating the real estate market can be overwhelming, especially for newcomers, and our aim is to provide the support and resources needed to ensure a successful and enjoyable home buying experience.