At Mortgages for People New to Canada, our goal is to assist newcomers in understanding the Canadian real estate market and the associated costs that come with it. We understand that navigating a new country's housing market can be challenging, which is why we aim to provide comprehensive information on closing costs and adjustment costs. By having a clear understanding of these expenses, newcomers can make informed decisions and avoid any surprises during the home buying process.

One of the advantages of purchasing a home rather than renting is the opportunity to build equity. By investing in real estate, newcomers can benefit from employment and credit sources, allowing them to establish a solid financial foundation in Canada. Our team is dedicated to helping individuals find the best mortgage rates and options, particularly for those looking for higher loan amounts (over $1 million). With at least a 20% down payment saved, newcomers can enjoy more flexibility in their down payment requirements, with the option of putting as little as 5% down.

We are committed to providing thorough explanations of homebuyer incentive programs and down payment assistance options. These programs can greatly benefit newcomers, providing them with additional financial support and opportunities to enter the housing market. Our team is knowledgeable about these programs and can guide newcomers through the application process, ensuring they reap the maximum benefits available.

It is important to note that we have access to all of Canada's top lenders. This includes large banks, mortgage finance companies, credit unions, and alternative financers. Regardless of your situation, whether you have limited credit or employment history, we can design a custom-tailored mortgage product that fits your needs. Our experienced professionals will work diligently to secure the best rate for you, even if you don't qualify at your bank for any reason.

To provide an efficient and streamlined home buying experience, we offer access to innovative tools in Canada. These tools are designed to simplify the process for first-time homebuyers, making it easier for newcomers to navigate the Canadian housing market. With our guidance and these innovative resources, you can embark on your first home buying experience with confidence.