Mortgages for People New to Canada

If you are new to Canada and want to understand the real estate market and associated costs, we are here to assist you. We will guide you through the process of buying a property and explain the various costs involved, such as closing costs and adjustment costs. By understanding these costs, you can make better decisions and plan your finances accordingly.

One of the advantages of buying a property instead of renting is that you can build equity over time. Instead of paying rent and contributing to someone else's wealth, you can invest in your own property and benefit from employment and credit sources. This can be a great way to start building wealth and establish roots in your new country.

We understand that some newcomers may require higher loan amounts, especially if they are looking for properties over $1 million. If you have saved at least 20% of the property's value for a down payment, we can help you find the best rates and mortgage options. However, we also offer flexibility on down payment requirements, allowing you to purchase a property with as little as 5% down. We will explain the various homebuyer incentive programs and down payment assistance options available to you.

As mortgage brokers, we have access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This means we can shop around and find the best mortgage product for you, even if you don't qualify at your bank due to factors like limited credit or employment history. We will work with you to design a custom-tailored mortgage that fits your specific needs and locks in the best rate available.

In addition, we offer access to innovative tools that can make your first-time home buying experience more efficient. These tools can help you find properties that meet your requirements, calculate mortgage payments, and estimate your closing costs. By utilizing these tools, you can save time and make informed decisions throughout the home buying process.

Overall, our goal is to assist newcomers in Canada in achieving their homeownership dreams. We understand the unique challenges that come with being new to the country, and we are here to provide guidance and support every step of the way. With our expertise and access to a wide range of mortgage options, we can help you navigate the Canadian real estate market and secure a mortgage that suits your needs. Contact us today to get started on your journey to homeownership.