Mortgages for People New to Canada are designed to help newcomers understand the Canadian real estate market and the associated costs involved. This includes educating them on closing costs and adjustment costs, which are important factors to consider when purchasing a home. By providing this information, we aim to assist newcomers in making informed decisions about their real estate investments.

One of the key benefits of getting a mortgage as a newcomer is the opportunity to build equity instead of paying rent. By owning a property, newcomers can utilize their employment and credit sources to their advantage and increase their wealth over time. We aim to guide newcomers towards this path of financial stability and growth.

For those looking to borrow higher loan amounts, such as over $1 million, we can provide access to the best rates and mortgage options. We understand that newcomers may have different financial situations and may require more flexibility when it comes to their down payment. We offer options that require a down payment of at least 20% saved, but also provide flexibility for those with as little as 5% saved.

In addition, we will explain homebuyer incentive programs and down payment assistance options available to newcomers. These programs can provide additional financial support and make the home buying process more accessible and affordable.

We have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows us to offer custom-tailored mortgage products that meet the unique needs of newcomers, even if they may not qualify at their bank due to limited credit and employment history. Our goal is to provide the best rate and secure the most suitable mortgage options for every individual.

To ensure an efficient first-time home buying experience, we offer access to innovative tools available in Canada. These tools can streamline the process, making it easier for newcomers to navigate the complex world of real estate transactions.

Overall, Mortgages for People New to Canada aim to provide newcomers with the knowledge, resources, and support they need to enter the Canadian real estate market confidently and successfully.