Mortgages for newcomers to Canada are available to help them navigate the Canadian real estate market and understand the associated costs. These mortgages allow newcomers to build equity instead of paying rent, taking advantage of their employment and credit sources. They also provide options for higher loan amounts, with at least a 20% down payment saved, and flexibility on the down payment, allowing for as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options are explained to newcomers. With access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, custom-tailored mortgage products can be designed to fit specific needs and secure the best rate. Innovative tools are also available in Canada to ensure an efficient first-time home buying experience.