Scotia Secondary Home® Financing Program

Right for you if:

  • You're thinking of buying a second home
  • You need simple loan options
  • Fixed or variable rates Choose either fixed or variable rates for the full term.
  • Can be applied to Type A and Type B Open glossary Vacation Properties
  • Conventional and insured financing available.

PLUS:

  • 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.
Tools It's easy to achieve your goals.

Mortgage-Free Faster Calculator

Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

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What Can I Afford?

Find out how much, so you can arrange your mortgage and shop for a home with confidence.

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Mortgage Payment Calculator

Determine your payment options, amortization and more, all with one calculator.

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STEP Calculator

Learn how to save by using the equity in your home to borrow at lower interest rates.

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Mortgage Selector

Opening the door to homeownership.

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Mortgage Comparison Calculator

Use this calculator to compare two different mortgages and determine which feature or product is the most suitable to meet your needs.

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Ready to apply

Glossary: Type A and Type B

Generally speaking, Type A vacation properties are the same as standard residential properties in terms of quality of construction and materials used. They have year-round road access, and generally meet standard residential property lending requirements. Type B vacation properties must meet all Type A property requirements except for the following

  • A standard heating system is not required.
  • Year-round road access is not required (e.g. unplowed road in the winter is acceptable