Mortgages for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market and associated costs. This includes educating newcomers about closing costs and adjustment costs. Instead of paying rent, newcomers are encouraged to build equity by taking advantage of employment and credit sources. For those looking for higher loan amounts, over $1 million, it is possible to secure a mortgage with at least a 20% down payment saved and more flexibility on down payment with as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained to newcomers. Through access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet individual needs and secure the best rate, even for individuals with limited credit and employment history. Finally, innovative tools are available to ensure an efficient first-time home buying experience in Canada.