#BANK OF NOVA SCOTIA FULL#

Scotiabank offers variable rate mortgages which have historically been known to save borrowers money. Talk to your mortgage advisor to learn whether a Scotiabank fixed rate mortgage is for you. Scotiabank offers a variety of different fixed rate mortgages with varying terms and conditions. Your monthly mortgage payments will be consistent for the duration of your term regardless of which way rates move, offering stability when it comes to budgeting. The pros of a fixed rate mortgage is the predictability. Scotiabank offers fixed rate mortgages so that you can lock in your interest rate for the term of your mortgage. You can borrow up to 80% of the value of your home, including up to 65% under the lines of credit and other secured borrowing solutions. You are allowed to choose from different Scotiabank credit products based on your needs with one simple application, such as mortgages, lines of credit, credit cards and more. The Scotia Total Equity Plan (STEP) is a flexible borrowing plan tied to the equity in your home. You can pay down any amount on your mortgage or convert to a longer term at any time with no penalties as well. You’ll get a fixed interest rate, and flexible prepayment options. The Scotia Short Term Fixed Open 6 month or 1 year term mortgage is right for you if you want a short term option with the flexibility to prepay any amount without having to pay any penalty fees or if you want to be able to early renew to a longer term.

Scotia Short Term Fixed Open 6 month or 1 year term There is also the cashback option where you can receive up to 5% of your mortgage principal amount upfront, as well as the option to prepay to pay off your mortgage faster.

With a Scotia Fixed Closed Mortgage, you can get a fixed interest rate and have the security of knowing what your rate and payments will be over the long term. If you’re comfortable with where the rates are now and don’t want to constantly monitor your rates, a fixed closed mortgage might be for you. Scotia Fixed Closed Mortgage 1-7 + 10 year terms There is also a special renewal feature where you can early renew at any time to a closed term, fixed rate mortgage product with a term of 3 years or longer without having to pay prepayment penalties. You can also pay your mortgage off faster if your interest rate is lower than the cap rate, which means more of your payment will go towards the principal.

#BANK OF NOVA SCOTIA FULL#

With the Scotia Ultimate Variable 3 Year Closed Term mortgage, you can get a low interest rate with cap rate protection and fixed payments calculated using the cap rate, which will not change for the full term of your mortgage. Scotia Ultimate Variable Mortgage 3 Year Closed With a Scotia Flex Value 5 Year Open Term mortgage, you can get low interest rates and payments, get any fixed term product with no prepayment charges and have conventional and insured financing available to you.

Scotia Flex Value Mortgage 5 Year Open Term With a Scotia Flex Value 5 Year Closed Term Mortgage, you can get low interest rates and payments, convert anytime to a fixed term product with a term greater than the remaining term with no prepayment charge and have the option to prepay to pay off your mortgage faster. Scotia Flex Value Mortgage 5 Year Closed Term Here are several different mortgage products from Scotiabank you can choose from:

Bank of nova scotia