Mortgages for newcomers to Canada aim to provide assistance by offering an understanding of the Canadian real estate market, along with the associated costs such as closing and adjustment costs. This allows individuals to build equity instead of paying rent, benefiting from employment and credit sources. Moreover, newcomers looking for larger loan amounts (over $1 million) have the opportunity to find the best rates and mortgage options, with a minimum down payment of 20% saved, and the potential for more flexibility with a down payment as low as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. By having access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet specific needs and secure the best rate, even if the individual doesn't qualify at their bank due to limited credit or employment history. Furthermore, innovative tools are available in Canada to ensure an efficient and smooth first-time home buying experience.