Mortgages for People New to Canada

If you are new to Canada and looking to enter the real estate market, we are here to assist you in understanding the ins and outs of Canadian real estate. One of the most important aspects to consider when purchasing a home is the associated costs, such as closing costs and adjustment costs. We will ensure that you have a clear understanding of these costs, helping you make informed decisions.

By opting for a mortgage rather than renting, you have the opportunity to build equity and benefit from employment and credit sources. This means that instead of paying rent and essentially throwing money away, you can invest in a property that will appreciate over time. We can guide you in finding the best rates and mortgage options that suit your needs.

For newcomers looking for higher loan amounts, specifically over $1 million, we require a minimum down payment of at least 20% saved. However, we also offer more flexibility on the down payment requirement, allowing you to put as little as 5% down. We understand that everyone's financial situation is unique, and we will work with you to find a solution that meets your specific needs.

One of the benefits we offer is our knowledge of homebuyer incentive programs and down payment assistance options. We will explain these programs to you, ensuring that you are aware of any financial assistance that may be available to you as a newcomer.

Regardless of your credit and employment history, 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 you don't qualify for a mortgage at your bank due to limited credit or employment history, we can still help you secure a mortgage at the best possible rate.

Furthermore, our services include access to innovative tools in Canada specifically designed to facilitate an efficient first-time home buying experience. This means that we can provide you with the necessary resources and support to navigate the home purchasing process seamlessly.

Overall, our goal is to assist newcomers in Canada in entering the real estate market by providing them with the information, resources, and support they need. Whether you are looking for a mortgage with a high loan amount or require flexibility with the down payment, we will work with you to find the best solution for your situation.