Mortgages for People New to Canada provides assistance to newcomers in understanding the Canadian real estate market, including the associated costs such as closing costs and adjustment costs. This program encourages individuals to build equity rather than pay rent, taking advantage of employment and credit sources. They also offer the best rates and mortgage options for newcomers seeking higher loan amounts (over $1 million), with a minimum of 20% down payment saved and more flexibility on down payment, allowing for as little as 5% down. Additionally, they explain homebuyer incentive programs and down payment assistance options. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, this program can provide custom-tailored mortgage products that lock in at the best rate, even for those who may not qualify at their bank due to limited credit and employment history. They also offer innovative tools to ensure an efficient first-time home buying experience in Canada.