Mortgages for People New to Canada aim to assist newcomers in understanding Canadian real estate and its associated costs, such as closing costs and adjustment costs. The program encourages newcomers to build equity rather than paying rent, taking advantage of employment and credit sources. It offers the best rates and mortgage options for those looking for higher loan amounts, with a down payment of at least 20% saved, and more flexibility on down payment with as little as 5% down. The program also guides newcomers through homebuyer incentive programs and down payment assistance options. With access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, the program can provide a custom-tailored mortgage product that meets the needs of newcomers, even if they don't qualify at their bank due to limited credit and employment history. Moreover, the program offers access to innovative tools in Canada to facilitate an efficient first-time home buying experience.