Mortgages are available for individuals who are new to Canada, with the aim of helping them understand the country's real estate market and associated costs. This includes providing guidance on closing costs and adjustment costs. By opting for a mortgage, newcomers can build equity instead of paying rent, taking advantage of employment and credit sources. Newcomers looking for higher loan amounts (over $1 million) with at least a 20% down payment saved can find the best rates and mortgage options. Additionally, there is flexibility on down payment requirements, with as little as 5% down. Homebuyer incentive programs and down payment assistance options will be explained to applicants. Access to various lenders including large banks, mortgage finance companies, credit unions, and alternative financers allows for the creation of a customized mortgage product tailored to individual needs. This includes securing the best rate, even if the individual may not qualify at their current bank due to limited credit or employment history. Innovative tools are also provided to ensure an efficient first-time home buying experience in Canada.