At Mortgages for People New to Canada, we aim to assist newcomers in understanding the Canadian real estate market and associated costs, such as closing costs and adjustment costs. Our goal is to help these individuals build equity rather than paying rent by guiding them towards employment and credit sources. We specialize in finding the best rates and mortgage options for newcomers, especially those looking for higher loan amounts (over $1 million). With a minimum down payment of 20%, we can also offer flexibility on down payment requirements with as little as 5% down. Additionally, we provide information on homebuyer incentive programs and down payment assistance options. As a mortgage broker with access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, we can design a custom-tailored product that suits your mortgage needs and secures the best rate, even if you don't qualify at your bank due to limited credit or employment history. Furthermore, we offer access to innovative tools in Canada to ensure an efficient first-time home buying experience.