At Mortgages for People New to Canada, our goal is to help newcomers understand the Canadian real estate market and the various costs associated with it. This includes closing costs and adjustment costs, which can often be confusing for those who are unfamiliar with the process. By providing clear explanations and guidance, we aim to make the home buying journey easier for individuals who are new to the country.

One of the key advantages of purchasing a home rather than renting is the opportunity to build equity. By investing in real estate, newcomers can benefit from the stability and potential growth of the housing market. Additionally, establishing a solid employment history and credit sources in Canada can further enhance their ability to secure favorable mortgage rates and options.

For newcomers who are looking for higher loan amounts, we can assist in finding the best rates and mortgage options. With a minimum down payment of 20% saved, individuals can access loans over $1 million. This provides greater flexibility and the potential for more favorable terms. In some cases, a down payment as low as 5% may even be acceptable, depending on the specific circumstances.

We are committed to ensuring that our clients are aware of available homebuyer incentive programs and down payment assistance options. These can provide additional financial support and make the process of purchasing a home more accessible. By working closely with our clients, we can help them navigate these programs and identify the ones that best suit their needs.

As mortgage brokers, we have access to all of Canada's top lenders. This includes large banks, mortgage finance companies, credit unions, and alternative financers. This extensive network allows us to design custom-tailored mortgage products for our clients, even if they don't meet the criteria set by their own bank. Regardless of factors like limited credit history or employment history, we can find a solution that fits their needs and secures the best rate possible.

To further enhance the home buying experience for newcomers, we offer access to innovative tools and resources. These tools can simplify the process and ensure an efficient and successful transaction. As part of our commitment to customer satisfaction, we strive to provide a comprehensive service that supports newcomers throughout their journey of buying their first home in Canada.