Mortgages for People New to Canada aim to assist newcomers in understanding the Canadian real estate and associated costs, such as closing costs and adjustment costs. They encourage newcomers to build equity rather than pay rent by taking advantage of employment and credit sources. These services help newcomers find the best rates and mortgage options, especially for higher loan amounts (over $1 million) with at least a 20% down payment saved, or more flexibility on down payments with as little as 5% down. They also provide information on homebuyer incentive programs and down payment assistance options. By having access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, they can design a custom-tailored product that meets the specific mortgage needs of newcomers and locks in the best rate, even if they don't qualify at their bank due to limited credit and employment history. Additionally, they offer innovative tools in Canada for a more efficient first-time home buying process.