Scotia Total Equity® Plan

(STEP)

Right for you if:

  • You want more control over your borrowing by leveraging the equity in your home

  • You want to take advantage of various product options

  • Overview

  • Secured borrowing rates. Apply just once to secure your overall borrowing limit

  • Mortgages: Borrow up to 80% of the value of your home and manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms. Both fixed and variable interest rates are available

  • Other products: Borrow up to a total of 65% of the value of your home and choose lines of credit or other secured Scotiabank borrowing products†† that best suit your needs

  • ScotiaLine® Personal Line of Credit - Low rates with payment options available

  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected

  • Details

    Use your Scotia Total Equity® Plan to help you with all your borrowing needs.

    You can borrow up to 80% of the value of your home and choose from a broad range of Scotiabank products. Once the STEP is in place, you decide how and when you'll use your available credit. Talk to your Branch for more details and find out how to take advantage of this product.

    1. Secure your borrowing with at least 20% equity in your home.
    2. Apply just once to establish your overall borrowing limit.
    3. Manage your interest rate risk by splitting your mortgage into two or three different types of mortgages and terms.
    4. Choose a combination of other secured Scotiabank borrowing products† that best suit your needs, up to a total of 65% of the value of your home.

    Choose from:

    Tools & Videos

    Be a STEP Ahead with the Scotia Total Equity Plan!

    Did you know that your home can work for you? Let us show you how the Scotia Total Equity Plan helps you be a STEP ahead in achieving your goals sooner!

    Watch video
    Small changes, big differences

    Find out how you can meet and exceed your savings requirements.

    Watch video
    Start saving with Scotia Total Equity Plan

    Calculate your savings today.

    Try the tool
    Phone

    Mon-Fri (9am-8pm)

    1 (877) 303-8879
    In person

    Make an appointment

    Find a branch
    Online

    Get pre-approved

    Apply today