At Mortgages for People New to Canada, our main goal is to assist newcomers in understanding the Canadian real estate market and all the associated costs that come with it. We want to make sure that our clients are well-informed about closing costs and adjustment costs, so they can make the best decision for themselves. Buying a home is a big step, especially for those who are new to the country, and we are here to guide them through the process.

One of the major advantages of buying a home instead of renting is the opportunity to build equity. By owning a property, newcomers can benefit from employment and credit sources, as they establish themselves in Canada. This can be a great way to set down roots in a new country and start building wealth for the future.

We understand that everyone has different financial circumstances and goals, which is why we offer a wide range of mortgage options. For newcomers who are looking to purchase a higher-priced property (over $1 million), we can help them find the best rates and mortgage options. With at least a 20% down payment saved, newcomers can enjoy more flexibility on their down payment requirements. Even if they only have 5% saved for a down payment, we can explore down payment assistance options and homebuyer incentive programs that may be available to them.

As a mortgage brokerage, we have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows us to design a custom-tailored product that fits our clients' mortgage needs and locks in the best rate possible. We understand that some newcomers may face challenges with limited credit and employment history, which is why we are here to help them find a solution that works for them.

We also offer access to innovative tools in Canada, which can streamline the first-time home buying experience. These tools can help our clients navigate the market, estimate costs, and make informed decisions. We want to ensure that our clients have a smooth and efficient experience when purchasing their first home in Canada.