At Mortgages for People New to Canada, we understand the challenges that newcomers face when it comes to understanding the Canadian real estate market and the associated costs. We are dedicated to assisting newcomers in navigating through this process by providing them with valuable information about closing costs and adjustment costs. By educating newcomers about these costs, we aim to empower them to make informed decisions regarding their real estate investments.

One of the main advantages of homeownership for newcomers is the opportunity to build equity instead of paying rent. By becoming homeowners, newcomers can benefit from the stability of having a place to call their own, while also taking advantage of employment and credit sources. We believe that homeownership is a pathway to financial security and we want to help newcomers on their journey towards building wealth through real estate.

For those newcomers who are looking for higher loan amounts (over $1 million), we offer mortgage options with at least 20% down payment saved. Additionally, we provide more flexibility on down payment requirements, allowing newcomers the option to put down as little as 5% if they qualify. We will also guide and educate newcomers about homebuyer incentive programs and down payment assistance options that may be available to them.

As mortgage brokers, we have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This enables us to design custom-tailored mortgage products that meet the unique needs of each newcomer. Even if a newcomer doesn't qualify for a mortgage at their bank due to factors like limited credit and employment history, we can still find a solution and lock in the best rate for them.

To streamline the home buying experience for newcomers, we provide access to innovative tools that are specific to the Canadian market. These tools are designed to make the process more efficient and hassle-free, ensuring that newcomers have a positive first-time home buying experience.

At Mortgages for People New to Canada, we are committed to supporting newcomers and helping them achieve their dream of homeownership. Our team of dedicated professionals is ready to provide guidance, education, and access to the best mortgage options available in Canada.