Mortgages for People New to Canada is a service that aims to assist newcomers in understanding the Canadian real estate market and the costs associated with it. This includes providing information on closing costs and adjustment costs, allowing newcomers to have a better understanding of the expenses involved in purchasing a property.

The service also emphasizes the benefits of building equity through homeownership rather than paying rent. By taking advantage of employment and credit sources, newcomers can establish themselves in Canada's real estate market and potentially benefit from appreciation in property values over time.

Furthermore, Mortgages for People New to Canada helps newcomers find the best rates and mortgage options available. For those looking for higher loan amounts (over $1 million), the service can help secure a mortgage with at least 20% down payment saved. Additionally, it offers more flexibility on down payment requirements, allowing for as little as 5% down.

The service also provides information on homebuyer incentive programs and down payment assistance options, ensuring that newcomers are aware of all the resources available to them.

One of the advantages of Mortgages for People New to Canada is its access to all of Canada's top lenders. This includes large banks, mortgage finance companies, credit unions, and alternative financers. With this wide range of options, the service can design a custom-tailored mortgage product that fits the specific needs of each newcomer. Even if a newcomer does not qualify for a mortgage at their bank due to limited credit or employment history, Mortgages for People New to Canada can still secure a mortgage at the best rate possible.

Finally, the service provides innovative tools that facilitate a smooth and efficient first-time home buying experience. These tools are designed to streamline the process, making it easier for newcomers to navigate the complex world of real estate in Canada.