Mortgages for People New to Canada are available to assist newcomers in understanding the Canadian real estate market and associated costs. This includes providing information on closing costs and adjustment costs. The program also aims to help newcomers build equity rather than pay rent, allowing them to benefit from employment and credit sources. Additionally, the program offers access to the best rates and mortgage options for newcomers looking for higher loan amounts, with at least a 20% down payment saved. There is also flexibility on down payment with as little as 5% down. Homebuyer incentive programs and down payment assistance options are explained to potential borrowers. The program provides access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows for the customization of mortgage products that fit individual needs, even if the borrower does not qualify at their bank due to limited credit and employment history. Innovative tools in Canada are also available for an efficient first-time home buying experience.