Mortgages for People New to Canada assist newcomers in understanding Canadian real estate and the associated costs, such as closing costs and adjustment costs. They encourage newcomers to build equity instead of paying rent, allowing them to benefit from employment and credit sources. These mortgages also aim to find the best rates and mortgage options for newcomers seeking higher loan amounts of over $1 million, with a minimum of 20% down payment saved, and more flexibility on down payment with as little as 5% down. They provide information on homebuyer incentive programs and down payment assistance options. With access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, these mortgages can offer custom-tailored products to suit individual mortgage needs, locking in the best rate even if the applicant doesn't qualify at their bank due to reasons like limited credit and employment history. The mortgages also grant access to innovative tools in Canada for an efficient first-time home buying experience.