6 Months & 1 Year Open Term Mortgages
Right for you if:
- You want a short term option with flexibility to prepay any amount without any prepayment charges
- You want to be able to early renew to a longer term without any costs†
- Fixed interest rate
- Flexible prepayment optionsPay down any amount on your mortgage or convert to a longer term, anytime at no cost†.
- Conventional and insured financing available.
- Choose from weekly, biweekly, semi-monthly, and monthly payment options.
- Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.
We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.
Ready to apply
- OnlineGet pre-approved or apply for a mortgage Apply Today
- In Person See a Home Financing Advisor Find a Home Financing Advisor
- Make an appointment at your local branch Find a Local Branch
- Phone1 (877) 303-8879Mon-Fri (9am-8pm) 1(877)303-8879
- All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Read more
- * The original principal amount of your mortgage is the principal amount when your mortgage was first entered into with Scotiabank or, if your mortgage was assigned to us from another lender, the principal amount outstanding at the time of assignment. For a Scotia Flex Value® mortgage, the increase in your payment will be calculated based on the amount of your principal and interest payment at the time of the payment increase. Other conditions may apply.
- **The Match-a-Payment and Miss-a-Payment are not available during an interest-only portion of any progress draw construction mortgage and may not be available depending on the mortgage solution you select. Other conditions may apply.
Mortgage Rates Information