Mortgages for People New to Canada aim to assist newcomers in understanding the Canadian real estate market, including closing costs and adjustment costs. The goal is to help them build equity instead of paying rent, taking advantage of employment and credit sources. The program also helps newcomers find the best rates and mortgage options, especially for higher loan amounts over $1 million, with at least a 20% down payment saved. There is also flexibility on down payment, with options as low as 5% down. Additionally, the program explains homebuyer incentive programs and down payment assistance options. With access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, customized products can be designed to fit specific mortgage needs and lock in the best rate, even if the individual doesn't qualify at their bank due to limited credit and employment history. Innovative tools are also provided to ensure an efficient first-time home buying experience in Canada.