Mortgages for newcomers to Canada provide assistance in understanding Canadian real estate and associated costs, such as closing costs and adjustment costs, while also helping individuals build equity instead of paying rent. With options for higher loan amounts over $1 million and as little as 5% down payment, newcomers can benefit from homebuyer incentive programs and down payment assistance. Access to a wide range of lenders allows for custom-tailored mortgage products with the best rates, even for those with limited credit and employment history, ensuring an efficient first-time home buying experience.