Renew, Refinance, Renovate

Borrowing Basics

Borrow at a lower rate

Today's low interest rates are making it easier for home owners to renew and refinance their mortgages, not to mention invest in renovating their homes.

Beware the penalty

If your mortgage is closed and you refinance before your renewal date, you could end up paying a penalty. The key is to determine if your potential interest-rate savings can offset your penalty.

Change for the better

Refinancing makes sense if your new refinancing rate is at least two percentage points below your current rate. And remember, if you're ready to move, renovating your home could significantly increase its resale value.

EcoLiving

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Be Mortgage-Free Faster 1:48 min | Transcript
See how many thousands you could save, by paying off your mortgage faster.

Remodel Your Home, Not Your Lifestyle
See why sometimes the best move you can make in real estate is to remodel the home you already own.

Save Money, Energy and Water at Home
Read about eco home improvement ideas

Tools It's easy to achieve your goals.

Mortgage-Free Faster Calculator

Learn how to borrow wisely.

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Start saving with Scotia Total Equity Plan

STEP helps you save by letting you decide how and when you'll use your available credit.

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Bank The Rest

The Bank The Rest savings program lets you automatically round up your debit purchases to the nearest $1 or $5 and transfers the difference into a Money Master® Savings Account, where you can watch your money grow.

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Videos See our latest demos and videos.
Diversify your mortgage 1:17 min | Transcript
Find out how to design a plan and become better able to take advantage of -- and protect against -- changes in the markets and interest rates. Watch Video