Mortgages for People New to Canada aim to assist individuals who are new to the country in understanding the Canadian real estate market and the various costs associated with purchasing a property, such as closing costs and adjustment costs. By providing this information, we strive to empower newcomers and enable them to make informed decisions about their real estate ventures.

One of the benefits of opting for a mortgage instead of renting is the opportunity to build equity. Instead of paying rent with no long-term financial gains, newcomers can benefit from their employment and credit sources by investing in a property. This allows them to gradually accumulate equity, contributing to their personal wealth in the long run.

For those looking for higher loan amounts over $1 million, we can help find the best rates and mortgage options. With a minimum of 20% down payment saved, newcomers have the flexibility to choose a mortgage with as little as 5% down. Our team will guide them through the homebuyer incentive programs and down payment assistance options available, ensuring that they have a comprehensive understanding of the support available to them.

As mortgage brokers, we have access to a wide range of lenders in Canada, including large banks, mortgage finance companies, credit unions, and alternative financers. This grants us the ability to design a custom-tailored product that fits the unique mortgage needs of newcomers. Even if individuals do not qualify for a mortgage at their bank due to limited credit or employment history, we can explore alternative options and secure the best rate for them.

Furthermore, we provide access to innovative tools in Canada that streamline the first-time home buying experience. These tools aim to make the process efficient and seamless for newcomers, ensuring that they are well-equipped to navigate the complexities of purchasing a property in a foreign country.