Mortgages for people new to Canada aim to assist newcomers in understanding the Canadian real estate market and associated costs, such as closing and adjustment costs. These mortgages encourage individuals to build equity instead of paying rent, utilizing their employment and credit sources. The goal is to find the best rates and mortgage options for newcomers seeking higher loan amounts, with at least a 20% down payment saved. Additionally, there is flexibility on the down payment, allowing for as little as a 5% down payment. The program also explains homebuyer incentive programs and down payment assistance options. By having access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet specific needs. Innovative tools are also provided to ensure an efficient first-time home buying experience in Canada.