Mortgages for People New to Canada are designed to assist newcomers in understanding the Canadian real estate market and associated costs. This includes providing information on closing costs and adjustment costs, ensuring that newcomers are well informed and prepared for the financial aspects of buying a home in Canada.

By opting for a mortgage instead of renting, newcomers have the opportunity to build equity in their homes. This allows them to benefit from their employment and credit sources, as well as potentially increase their wealth over time. The goal is to empower newcomers to make a wise financial decision that will have long-term benefits.

For those looking for higher loan amounts, such as over $1 million, there are mortgage options available with at least a 20% down payment saved. Additionally, there may be more flexibility on the down payment, allowing for as little as 5% down. Our team will guide newcomers through the process and explain the various homebuyer incentive programs and down payment assistance options that may be available to them.

One of the advantages of working with us is that we have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers. This means that even if newcomers don't qualify for a mortgage at their bank due to reasons such as limited credit and employment history, we can still help them secure a mortgage at the best rate. Our goal is to design a custom-tailored mortgage solution that fits their needs and financial situation.

In addition to having access to top lenders, we also provide newcomers with innovative tools that can make the first-time home buying experience more efficient. These tools are designed to streamline the process and ensure that newcomers are well-equipped to navigate the Canadian real estate market with confidence.

Overall, Mortgages for People New to Canada aim to provide newcomers with the knowledge, resources, and options they need to make informed decisions about buying a home in Canada. Whether they are looking for a higher loan amount, flexibility on the down payment, or assistance with unfamiliar aspects of the Canadian real estate market, our team is dedicated to helping newcomers achieve their homeownership goals.