We specialize in assisting newcomers to Canada with understanding the ins and outs of the Canadian real estate market. We provide comprehensive information on the various costs associated with purchasing a home, such as closing costs and adjustment costs. Our aim is to ensure that newcomers are well-informed and prepared when it comes to making one of the biggest financial decisions of their lives.

One of the key advantages of purchasing a home rather than renting for newcomers is the opportunity to build equity. By owning a property, newcomers can benefit from the stability of their employment and credit sources, establishing themselves in the Canadian market. We can help newcomers find the best mortgage rates and options, particularly for those looking to purchase properties with loan amounts over $1 million. With a minimum of 20% down payment saved, newcomers can enjoy more flexibility in their down payment, with options available for as little as 5% down.

Understanding the various homebuyer incentive programs and down payment assistance options available is crucial for newcomers. We will provide detailed explanations and guidance on these programs to help newcomers make informed decisions that suit their unique circumstances.

At Mortgages for People New to Canada, we have access to a vast network of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This ensures that we can design a custom-tailored mortgage product that fits the unique needs of each newcomer, even if they do not qualify for a mortgage at their bank due to limited credit or employment history. Our goal is to secure the best rate for our clients and provide them with the tools and resources needed for an efficient first-time homebuying experience.

We are committed to equipping newcomers with the knowledge and resources they need to enter the Canadian real estate market with confidence. With our assistance, newcomers can navigate the complexities of the market and find their dream home while building a solid foundation for their future in Canada.