Mortgages for people new to Canada are designed to help newcomers understand the Canadian real estate market and the associated costs. This includes educating them about closing costs and adjustment costs that they may encounter when purchasing a property. The aim is to provide newcomers with the knowledge and guidance necessary to navigate the real estate market effectively.

One of the main benefits of obtaining a mortgage instead of renting is the ability to build equity. By purchasing a property, newcomers can start building their wealth by investing in real estate rather than paying rent. This allows them to benefit from their employment and credit sources, as well as take advantage of any potential appreciation in property value.

When it comes to mortgage options, we strive to find the best rates for newcomers looking for higher loan amounts. Those who have saved a down payment of at least 20% can benefit from more favorable loan terms. Additionally, for newcomers who have saved as little as 5% for a down payment, we can explore more flexible options. We also provide information on homebuyer incentive programs and down payment assistance options that newcomers may be eligible for.

Our access to Canada's top lenders allows us to provide newcomers with a custom-tailored mortgage product that meets their specific needs and preferences. Even if they are unable to qualify for a mortgage at their bank due to limited credit or employment history, we can still secure the best rate for them. We offer innovative tools and resources that help streamline the first-time home buying experience for newcomers, making it more efficient and hassle-free.

In summary, our goal is to assist newcomers in understanding the Canadian real estate market, obtain the best mortgage rates and options, and provide them with the necessary tools to have a successful first-time home buying experience.