Newcomers to Canada can benefit from mortgage services that help them understand the real estate market. This includes information about closing costs and adjustment costs. By building equity instead of paying rent, newcomers can benefit from employment and credit sources. Those looking for higher loan amounts can find the best rates with at least a 20% down payment saved or as little as a 5% down payment for more flexibility. Various homebuyer incentive programs and down payment assistance options will be explained. Offering access to a range of lenders, including banks, finance firms, credit unions and alternative financers, customized mortgage products can be designed to suit every need and lock in the best rate. Innovative tools are also available to make the first-time home buying experience more efficient.