Mortgages for People New to Canada aim to assist newcomers in understanding the Canadian real estate market and the associated costs involved in purchasing a property. This includes providing information on closing costs and adjustment costs, which can often be unfamiliar to those new to the country. By educating newcomers on these costs, we aim to empower them to make informed decisions about their investment in Canadian real estate.

One of the key advantages of obtaining a mortgage as a newcomer is the opportunity to build equity, rather than continuing to pay rent. By investing in a property, newcomers can benefit from the stability and potential growth of the Canadian real estate market and capitalize on their employment and credit sources. This can ultimately lead to long-term financial stability and security.

For those looking for higher loan amounts, typically over $1 million, we can help newcomers find the best rates and mortgage options. With at least 20% down payment saved, newcomers can enjoy more flexibility on their down payment requirements with options to put as little as 5% down. Our team is dedicated to explaining various homebuyer incentive programs and down payment assistance options that may be available to newcomers.

Additionally, we have access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows us to design a custom-tailored mortgage product that suits the specific needs of each individual newcomer. Even if a newcomer doesn't qualify at their bank due to limited credit or employment history, we can still secure the best rate through our extensive network of lenders.

To enhance the first-time home buying experience, we provide access to innovative tools available in Canada. These tools aim to streamline the process and make it more efficient for newcomers. By utilizing these resources, newcomers can navigate the complexities of the real estate market with ease and confidence, ensuring a successful and positive experience in purchasing their first Canadian home.