At Mortgages for People New to Canada, our goal is to assist newcomers in understanding the ins and outs of the Canadian real estate market. We understand that navigating the world of buying a home in a new country can be overwhelming, so we strive to provide valuable information on Canadian real estate practices, including the associated costs such as closing costs and adjustment costs. By familiarizing newcomers with these costs, we aim to help them make informed decisions when it comes to purchasing their first home in Canada.

One of the key advantages of buying a home instead of renting is the ability to build equity. As newcomers to the country, you may have steady employment and credit sources, which can greatly benefit you when it comes to securing a mortgage. By paying a mortgage instead of rent, you are not only investing in your own property but also accumulating equity in the process.

If you are looking to obtain a mortgage for a higher loan amount, such as over $1 million, we can help you find the best rates and mortgage options. With at least a 20% down payment saved, you can benefit from more flexibility in terms of down payment requirements. In fact, we can even assist you with options that allow a down payment as little as 5% of the total loan amount. Additionally, we will guide you through homebuyer incentive programs and down payment assistance options that may be available to you.

At Mortgages for People New to Canada, we have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This extensive network allows us to design a custom-tailored mortgage product that meets your specific needs. Even if you face challenges like limited credit or employment history, we can help you secure a mortgage at the best possible rate.

To ensure a smooth and efficient first-time home buying experience, we provide access to innovative tools available in Canada. These tools can help simplify the process and provide you with the necessary resources to confidently navigate the Canadian real estate market.

Overall, Mortgages for People New to Canada strives to provide newcomers with the knowledge, guidance, and support needed to make their transition into Canadian homeownership as seamless as possible.