If you've got a cute family on the go and are looking for a flexible mortage, the Scotiabank Mortgage program might just be able to help you make it happen.  Many people dream of buying their own homes and securing their future. However, with the rising costs of houses and the unstable economy in the world today, more and more individuals have become discouraged about getting their dream home. With the help of Scotiabank Mortgage, you might be able to make that home appear in real life.

Scotiabank Mortgage offers customized solutions designed to fit your lifestyle and your budget. Apart from this, you can also choose from competitive interest rates and different plans to suit your needs. Before you start looking fo a mortgage lender, make sure you are clear about what you are able to afford now. And not only about what you are able to afford now, but what you will be able to afford in the future.


Perhaps you will get pregnant again and lose a part of a working person's salary, you should plan for that and make sure your new mortgage can accomodate it. Our editors have investigated the Scotiabank Mortagage and provided you with details below. Read all of the information before you make a decision about where to apply.

Do you need help in financing your future home? Scotiabank Mortgage is your best option. Here's how to apply...


What are the Benefits of the Scotiabank Mortgage?

One of the best benefits you can get by partnering up with Scotiabank is getting a wide range of options and interest rates that fit your needs. Their secure fixed rate mortgage allows you to get a deal that won’t fluctuate or change over time. Under this offering, you can choose from open terms, flexible, or closed term mortgages depending on your situation.

Open terms can help you get maximum flexibility. On the other hand, flexible terms allow you to get a fixed rate term for one year without having to shell out extra money. Lastly, the close term option allows you to get fixed payments based on a number of years for your choosing. Through this initiative, you can help protect your investments and your payments against interest rate increases over time.


Another Scotiabank Mortgage offering that’s ripe for the picking is being able to take advantage of their Total Equity Plan. Under this, you will gain more control over the money you borrow from the bank through leveraging the equity on your home. Apart from being able to borrow funds that are up to 80% of the value of your house, you also have the option to separate your mortgage into 2 to 3 types of terms of your choosing.

Anytime you borrow money you will have to pay some fees, make sure you know what the fees are before you make any decisions for a mortgage, credit card or any other borrowing situation. The closed term fixed rate mortgages range from 3.6405 for 1 year to 6.290% for 10 years. Meanwhile, short term fixed rate mortgages have interest rates ranging from 4.750% to 7.250% from 6 months to 1 year.

If you are in need of help in financing your future home or for renovating your current space, getting a Scotiabank Mortgage is just what you need. Apply now!

Scotiabank Mortgage
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How to Apply for a Scotiabank Mortgage

If you are interested in applying for a Scotiabank Mortgage, you can complete your application online via the eHOME feature on their website. Other options include talking with a home financing advisor or going to a branch near you.

To qualify for a Scotiabank Mortgage, you must provide key documents such as monthly income, current monthly housing costs or rent, the value of assets, properties, and savings, as well as statements of your liabilities. Apart from these personal and financial documents and information, lenders will also need to look into your credit standing.

The loan amount you can take out will depend on the term and plan you choose, as well as your credit history.

How to Contact 

Head office

Scotia Plaza, 44 King Street West
Toronto, Ontario, Canada M5H 1H1

Telephone: Toronto: (416) 775-0798, Toll-free at 1(800) 4SCOTIA (if you're in the continental U.S., i.e., excluding Alaska) or call us collect at (416) 701-7200 if you're anywhere else in the world

Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.