Mortgages for newcomers in Canada aim to provide assistance in understanding the country's real estate market and the various associated costs such as closing and adjustment costs. The goal is to help them build equity instead of paying rent, taking advantage of employment and credit sources. Additionally, newcomers looking for higher loan amounts of over $1 million can find the best rates and mortgage options, with the requirement of a 20% down payment or as little as 5% down payment with more flexibility. The program also offers guidance on homebuyer incentive programs and down payment assistance options. Access to multiple lenders allows for the creation of customized mortgage products that cater to individual needs, even for those with limited credit and employment history. Finally, innovative tools are available to ensure an efficient first-time home buying experience.