Mortgages for People New to Canada are designed to assist newcomers in understanding the Canadian real estate market and associated costs. This includes providing information about closing costs and adjustment costs, helping them make informed decisions when purchasing a property. By opting for a mortgage instead of paying rent, newcomers have the opportunity to build equity in their home, which can be a beneficial financial investment in the long run. Additionally, newcomers can benefit from employment and credit sources, which can contribute to their ability to qualify for a mortgage.

For newcomers looking for higher loan amounts, such as those over $1 million, there are mortgage options available with at least a 20% down payment saved. Furthermore, there is also more flexibility on down payment requirements, with the possibility of as little as 5% down. Our team can guide newcomers through the process of understanding homebuyer incentive programs and down payment assistance options, providing them with a comprehensive understanding of the resources available to them.

One of the advantages of working with us is that we have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This means that even if newcomers do not qualify for a mortgage at their own bank due to limited credit or employment history, we can still help them find a suitable mortgage product with the best rate. Our aim is to provide newcomers with a custom-tailored mortgage solution that fits their specific needs.

In order to facilitate an efficient first-time home buying experience, we offer access to innovative tools in Canada. These tools can streamline the process and help newcomers navigate through the complexities of purchasing a property. With our expertise and these resources at their disposal, newcomers can feel confident in making informed decisions and finding the right mortgage solution for their needs.