Mortgages for People New to Canada aim to assist newcomers in understanding Canadian real estate and its associated costs, such as closing and adjustment costs. They encourage individuals to build equity rather than pay rent and highlight the benefits of employment and credit sources. The program also helps newcomers find the best rates and mortgage options, especially for loan amounts over $1 million, with a minimum of 20% down payment saved. They also provide options for more flexibility on down payment, allowing as little as 5% down. Additionally, the program explains homebuyer incentive programs and down payment assistance options. By having access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, they can create a custom-tailored mortgage solution that meets individual needs and locks in at the best rate. This is especially helpful for those who may not qualify at their bank due to limited credit and employment history. To ensure an efficient first-time home buying experience, the program offers access to innovative tools available in Canada.