For newcomers to Canada, understanding the real estate market and associated costs can be a daunting task. At Mortgage for People New to Canada, we aim to assist newcomers in navigating the Canadian real estate landscape by providing information on closing costs, adjustment costs, and other important factors to consider when purchasing a home.

One of the key advantages of homeownership for newcomers is the ability to build equity rather than paying rent. By investing in a property, newcomers can benefit from their employment and credit sources, ultimately creating a valuable asset for their future.

At Mortgage for People New to Canada, we specialize in finding the best rates and mortgage options for newcomers seeking higher loan amounts, typically over $1 million. With a minimum down payment of 20% saved, newcomers can access flexible down payment options, with as little as 5% down in some cases.

We also provide information on homebuyer incentive programs and down payment assistance options to help newcomers achieve their homeownership goals. Our access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, allows us to design custom-tailored mortgage products that fit each newcomer's specific needs and lock in the best rates available.

Additionally, we offer access to innovative tools in Canada for a smooth and efficient first-time home buying experience. Whether newcomers have limited credit or employment history, we strive to help them secure a mortgage that meets their needs and sets them on the path to successful homeownership in Canada.