Mortgages for newcomers in Canada aim to assist them in understanding the country's real estate market, including associated costs such as closing costs and adjustment costs. These mortgages enable newcomers to build equity instead of paying rent, leveraging their employment and credit sources. Additionally, they help newcomers find the best rates and mortgage options, even for higher loan amounts over $1 million, with a minimum down payment of 20%. In some cases, down payments as low as 5% are also considered. The program also provides information on homebuyer incentive programs and down payment assistance options. Regardless of limited credit and employment history, access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, ensures that a custom-tailored mortgage product can be designed to fit individual needs and lock in at the best rate. Furthermore, innovative tools are available to facilitate an efficient first-time home buying experience.