For individuals new to Canada, understanding the ins and outs of the Canadian real estate market can be overwhelming. However, we are here to assist newcomers in grasping important concepts such as closing costs and adjustment costs associated with purchasing a property. By providing comprehensive information, we aim to equip them with the knowledge they need to make informed decisions about their real estate investment.

One of the key advantages of opting for a mortgage rather than renting is the opportunity to build equity. By securing a mortgage, newcomers can benefit from their employment and credit sources, allowing them to invest in their own property rather than paying rent to a landlord. This not only provides them with a sense of ownership but also serves as a financial asset in the long run.

We understand that some newcomers may be seeking higher loan amounts, potentially over $1 million. In such cases, we can help find the best rates and mortgage options available. For these higher loan amounts, it is essential to have at least a 20% down payment saved. However, we also offer flexibility for newcomers who may have less saved for a down payment, with options available for as little as 5% down.

Our services extend beyond simply finding suitable mortgage options. We also take the time to explain homebuyer incentive programs and down payment assistance options that may be available to newcomers. This way, we ensure that they are aware of all potential avenues to help them achieve their dream of home ownership.

In addition, our access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, allows us 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 factors such as limited credit and employment history, we can still secure the best rate for them.

Finally, we offer access to innovative tools in Canada that facilitate an efficient first-time home buying experience. These tools help newcomers navigate the complex process of purchasing a property, ensuring a seamless and successful transaction.