Mortgages for people new to Canada aim to assist newcomers in understanding the Canadian real estate market and its associated costs, such as closing and adjustment costs. By choosing a mortgage, individuals can build equity instead of paying rent, benefiting from employment and credit sources. These mortgages provide options for newcomers looking for higher loan amounts, with at least a 20% down payment saved, and offer flexibility on down payments, accepting as little as 5% down. Homebuyer incentive programs and down payment assistance options will also be explained. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to fit the individual's needs and secure the best possible rate, even if they don't qualify for a mortgage at their bank due to limited credit and employment history. Access to innovative tools in Canada ensures an efficient first-time home buying experience.