Mortgages for newcomers to Canada are designed to help them understand the Canadian real estate market and associated costs, such as closing costs and adjustment costs. By opting for a mortgage instead of renting, newcomers can build equity and take advantage of employment and credit sources. The mortgage options available include higher loan amounts, with at least 20% down payment saved, and more flexibility on down payment, allowing for as little as 5% down. Homebuyer incentive programs and down payment assistance options will be explained to newcomers, and access to top lenders in Canada, including large banks, mortgage finance companies, credit unions, and alternative financers, ensures that a custom-tailored mortgage product can be designed to meet individual needs. Innovative tools are also provided to facilitate a smooth and efficient first-time home buying experience in Canada.