The Mortgage for People New to Canada program aims to assist newcomers in understanding the Canadian real estate market and the associated costs. This includes providing information about closing costs and adjustment costs, ensuring that newcomers have a comprehensive understanding of the expenses involved in purchasing a property in Canada. By providing this information, we hope to help newcomers make informed decisions and avoid any surprises when entering the real estate market.

One of the main benefits of the program is that it allows newcomers to build equity rather than paying rent. By purchasing a property, newcomers can capitalize on their employment and credit sources and make strides towards homeownership. This not only provides stability and security but also allows newcomers to take advantage of the financial benefits of owning a property.

Another advantage of the program is the ability to find the best rates and mortgage options for newcomers looking for higher loan amounts, specifically over $1 million. With at least a 20% down payment saved, newcomers have more flexibility in terms of down payments, with the option of putting down as little as 5%. To further assist newcomers, we also provide information about homebuyer incentive programs and down payment assistance options, helping them navigate the various financing options available to them.

Furthermore, our program gives newcomers access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative lenders. This ensures that newcomers have a wide range of options and can find a mortgage product that best suits their needs. Even if newcomers are unable to qualify at their bank due to limited credit or employment history, we can still help them secure a mortgage at the best rate by leveraging our network of lenders.

Additionally, we provide access to innovative tools in Canada that are designed to streamline the first-time home buying experience. These tools are aimed at making the process more efficient and less daunting for newcomers, providing them with the support they need to navigate the real estate market with confidence.

In summary, the Mortgage for People New to Canada program offers a comprehensive range of services to assist newcomers in purchasing a property in Canada. Through providing information on costs, offering financing options, and access to a wide network of lenders, we aim to make the home buying process as smooth and accessible as possible for newcomers.