Mortgages for newcomers to Canada are available to help them understand the Canadian real estate market and associated costs, such as closing costs and adjustment costs. These mortgages allow newcomers to build equity instead of paying rent, benefiting from their employment and credit sources. Additionally, these mortgages provide access to the best rates and mortgage options for higher loan amounts, with a minimum down payment of 20%, and more flexibility on down payment, with as little as 5% down. Homebuyer incentive programs and down payment assistance options will be explained to newcomers. With access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to fit individual needs and lock in the best rate. Even if newcomers don't qualify at their bank due to limited credit and employment history, innovative tools are available in Canada for an efficient first-time home buying experience.