Mortgages for newcomers in Canada aim to assist them in understanding the country's real estate and associated costs, such as closing and adjustment costs. The goal is to help them build equity instead of paying rent, leveraging their employment and credit sources. These mortgages also offer the best rates and options for those looking for higher loan amounts (over $1 million) and require a down payment of at least 20%. However, newcomers may have more flexibility on their down payment, with as little as 5% down. Additionally, assistance is provided in understanding homebuyer incentive programs and down payment assistance options. Access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for the creation of custom-tailored mortgage products that meet the individual needs of newcomers, even if they do not qualify at their bank due to limited credit or employment history. Innovative tools are also provided to ensure an efficient first-time home buying experience in Canada.