Mortgages for newcomers to Canada aim to help them understand the real estate market and associated costs, such as closing and adjustment costs. By choosing a mortgage instead of renting, newcomers can build equity while benefiting from employment and credit sources. It is possible to find the best rates and mortgage options for those seeking loans over $1 million, with a down payment of at least 20% or as little as 5% with more flexibility. This includes explaining homebuyer incentive programs and down payment assistance options. With access to top lenders in Canada, including banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage solution can be designed to fit individual needs and secure the best rate, even if the individual does not qualify at their bank due to limited credit and employment history. Additionally, newcomers have access to innovative tools that facilitate a smooth first-time home buying experience.