Mortgages for People New to Canada are available to assist newcomers in understanding the Canadian real estate market and associated costs, such as closing costs and adjustment costs. These mortgages also allow newcomers to build equity instead of paying rent, taking advantage of employment and credit sources. Additionally, they provide the opportunity to find the best rates and mortgage options for those looking for higher loan amounts with at least a 20% down payment saved, and more flexibility on down payment requirements with as little as 5% down. Homebuyer incentive programs and down payment assistance options will be explained to borrowers. With access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed that fits individual needs and locks in at the best rate, even if the borrower doesn't qualify at their own bank due to limited credit or employment history. Additionally, innovative tools are accessible in Canada for a streamlined and efficient first-time home buying experience.