Mortgages for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market and associated costs. This includes educating individuals on closing costs and adjustment costs. By obtaining a mortgage, newcomers can build equity instead of paying rent, which can be beneficial when considering employment and credit sources. The goal is to find the best rates and mortgage options for individuals seeking higher loan amounts, such as over $1 million, with a minimum of 20% down payment saved. Flexibility on the down payment is also available, with options starting as low as 5% down. Additional support is provided through explanations of homebuyer incentive programs and down payment assistance options. Access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, ensures that a mortgage product can be custom-tailored to meet the needs of the individual. Even if there are limitations in credit and employment history that prevent qualification at a bank, the mortgage solution can still be secured at the best available rate. Innovative tools are available to facilitate a smooth first-time home buying experience in Canada.