Mortgages for People New to Canada

For individuals new to Canada, navigating the real estate market and understanding all associated costs can be a daunting task. We are here to assist newcomers in understanding Canadian real estate and provide information on the various costs involved, including closing costs and adjustment costs. Our aim is to ensure that newcomers have a clear understanding of these costs so that they can make informed decisions.

One of the advantages of homeownership is the opportunity to build equity instead of paying rent. Newcomers can benefit from their employment and credit sources, which can contribute to their ability to secure a mortgage. We are dedicated to helping newcomers in finding the best rates and mortgage options available to them. This includes catering to those looking for higher loan amounts, over $1 million, with at least a 20% down payment saved. We also offer more flexibility on down payments, allowing for as little as 5% down.

In addition to providing mortgage options, we also educate newcomers on various homebuyer incentive programs and down payment assistance options. These programs and options can be incredibly beneficial for individuals new to Canada who may not have a large down payment saved yet.

We have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This allows us to design a custom-tailored mortgage product that fits the specific needs of newcomers. Even if you don't qualify for a mortgage at your bank due to limited credit and employment history, we can still secure the best rate for you.

Furthermore, we provide access to innovative tools in Canada that can streamline the first-time home buying experience for newcomers. These tools are designed to make the process more efficient and assist newcomers in finding their dream home.

In conclusion, our goal is to support newcomers to Canada in their journey towards homeownership. We offer guidance, information, and access to various mortgage options, ensuring that newcomers can make well-informed decisions and find the best mortgage rates available to them in the Canadian market.