Mortgages for newcomers in Canada aim to help them understand the real estate market and associated costs such as closing and adjustment costs. Instead of renting, newcomers are encouraged to build equity by taking advantage of employment and credit sources. These mortgages cater to those looking for higher loan amounts, over $1 million, with a minimum 20% down payment saved, offering flexibility with a down payment as low as 5%. In addition, homebuyer incentive programs and down payment assistance options are explained to newcomers. With access to top lenders, including banks, finance companies, credit unions, and alternative lenders, custom-tailored mortgage products are designed to meet individual needs, even if the individual doesn't qualify at their bank due to limited credit or employment history. Innovative tools are also provided to ensure an efficient first-time home buying experience in Canada.