We specialize in providing assistance to newcomers in Canada who are in the process of understanding the Canadian real estate market and the associated costs. We aim to help them navigate through the complexities of purchasing a property, including closing costs and adjustment costs. Our goal is to ensure that newcomers have a comprehensive understanding of the financial implications of buying a home in Canada.

One of the key advantages of purchasing a property instead of renting for newcomers is the opportunity to build equity. By investing in real estate, newcomers can benefit from employment and credit sources, which can contribute to their overall financial stability. We strive to educate newcomers about the long-term benefits of homeownership and how it can positively impact their financial well-being.

For newcomers who are looking to buy a home with a higher loan amount, such as over $1 million, we offer mortgage options that cater to their specific needs. With a minimum down payment of 20%, newcomers can access competitive rates and flexible down payment options, including the possibility of as little as 5% down. Additionally, we provide information on various homebuyer incentive programs and down payment assistance options that newcomers may be eligible for.

Being connected to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, we can offer a custom-tailored mortgage product that suits the unique needs of newcomers. Even if newcomers do not qualify at their bank due to reasons such as limited credit and employment history, we can still secure the best rate for them.

Furthermore, we provide access to innovative tools that can simplify the first-time home buying experience for newcomers. These tools are designed to streamline the process and provide newcomers with a more efficient and seamless home buying journey.

At Mortgages for People New to Canada, we are committed to assisting newcomers in achieving their homeownership goals. We strive to provide them with the knowledge, resources, and expertise required to make informed decisions and secure the best mortgage options available to them.