Mortgages for newcomers to Canada are available to assist individuals in understanding the real estate market and associated costs. This includes providing information on closing costs and adjustment costs. By opting for a mortgage, newcomers have the opportunity to build equity instead of paying rent, benefiting from employment and credit sources. Additionally, specialized services are offered to help newcomers find the best rates and mortgage options. These services cater to those seeking higher loan amounts with a minimum down payment of 20%, as well as those with more flexibility on down payment, allowing for as little as 5% down. Furthermore, information on homebuyer incentive programs and down payment assistance options is provided. Access to multiple lenders and financing options ensures that newcomers can find a tailored mortgage product that suits their needs and locks in the best rate, even if they face obstacles such as limited credit and employment history. With the use of innovative tools, newcomers can have an efficient and smooth first-time home buying experience in Canada.