Mortgages specifically designed for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market, including associated costs like closing expenses and adjustment costs. The goal is to help newcomers build equity instead of paying rent, taking advantage of employment opportunities and credit sources. These mortgages also offer the best rates and options for borrowers seeking higher loan amounts, typically over $1 million, with a minimum of 20% down payment saved. Additionally, more flexible down payment options are available, with as little as 5% down. The program also provides information on homebuyer incentive programs and down payment assistance options. Access to all major lenders in Canada, including banks, mortgage finance companies, credit unions, and alternative lenders, ensures the opportunity to secure a custom-tailored mortgage product at the best rate, even if the borrower does not qualify at their bank due to limited credit and employment history. Newcomers are also able to utilize innovative tools in Canada to ensure an efficient first-time home buying experience.