Mortgages for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market and associated costs such as closing costs and adjustment costs. By opting for a mortgage, newcomers can build equity instead of paying rent and benefit from employment and credit sources. These mortgages also cater to newcomers seeking higher loan amounts, with at least a 20% down payment saved and more flexibility on down payment options, including as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained to potential buyers. With access to all major lenders in Canada, including banks, mortgage finance companies, credit unions, and alternative financers, tailored mortgage products can be designed to address specific needs and secure the best interest rates, even in cases of limited credit and employment history. Innovative tools are also available to make the first-time home buying process more efficient.