Mortgages for newcomers in Canada aim to assist them in understanding the country's real estate market, as well as the associated costs such as closing costs and adjustment costs. The goal is to help them build equity instead of paying rent, utilizing their employment and credit sources. These mortgages also offer options for higher loan amounts over $1 million, with a minimum of 20% down payment saved. There is flexibility on down payment with as little as 5% down. Homebuyer incentive programs and down payment assistance options will be thoroughly explained. Furthermore, access to all of Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for a custom-tailored mortgage product that suits specific needs and secures the best rate, even for those who might not qualify at their bank due to limited credit and employment history. Lastly, innovative tools in Canada are available to ensure an efficient first-time home buying experience.