Mortgages for newcomers in Canada aim to assist individuals in understanding the Canadian real estate market and its associated costs, including closing costs and adjustment costs. By opting for a mortgage instead of renting, individuals can build equity and benefit from employment and credit sources. Newcomers can also find the best rates and mortgage options for higher loan amounts, with at least a 20% down payment saved, or more flexibility on down payment with as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained. With access to various lenders, such as large banks, mortgage finance companies, credit unions, and alternative financers, customized mortgage products can be designed to meet specific needs, even if individuals don't qualify at their bank due to limited credit or employment history. Innovative tools are also available to ensure an efficient first-time home buying experience.