If you are a recent immigrant or are thinking of immigrating to Canada you have the option of either conventional or insured mortgage financing. Typically the amount you are able to borrow will depend on how much verifiable information you are able to supply. Most banks want to see that you have some stability in Canada before they will consider lending you money for a mortgage. Guidelines vary from one lender to another and the borrower's own situation is often unique, this is one area of financing where a mortgage broker can often save you time and money.