Mortgages for individuals new to Canada aim to assist newcomers in understanding the Canadian real estate market and its associated costs, such as closing fees and adjustments. By building equity instead of paying rent, newcomers can benefit from employment and credit sources. Furthermore, these mortgage options cater to newcomers looking to secure higher loan amounts, typically over $1 million, with a down payment of at least 20% or as little as 5%. Additionally, there is information provided about homebuyer incentive programs and down payment assistance options. Access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for the creation of a customized mortgage product that suits individual needs, even if the applicant does not qualify at their bank due to limited credit or employment history. To ensure an efficient first-time home buying experience, innovative tools are made available.