Mortgages for newcomers in Canada are specifically designed to assist individuals in understanding the country's real estate market and associated costs. This includes providing guidance on closing costs, which are expenses incurred during the purchase of a property, and adjustment costs, which refer to ongoing expenses such as property taxes and utility bills.

One of the key benefits of obtaining a mortgage as a newcomer is the opportunity to build equity rather than paying rent. By investing in a property, individuals can benefit from the appreciation of their home's value over time, while also leveraging their employment and credit sources to demonstrate financial stability.

For those looking for higher loan amounts, such as over $1 million, there are mortgage options available with certain requirements. These options typically require a down payment of at least 20% of the property's value, which should be saved in advance. However, there are also flexible down payment options available with as little as 5% down, providing more accessibility for newcomers.

In addition to assisting with loan options, we also provide information on homebuyer incentive programs and down payment assistance options. These programs can help newcomers with their down payment and make purchasing a home more attainable.

Our network includes all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This extensive network allows us to design a custom-tailored mortgage product that suits your specific needs. Even if you don't qualify at your bank due to limited credit and employment history, we can still secure the best rate for you.

To enhance the home buying experience, we provide access to innovative tools available in Canada. These tools streamline the process and make it more efficient for first-time homebuyers. With our assistance, newcomers can navigate the Canadian real estate market and make informed decisions when purchasing their first home.