Your mortgage should be a helpful financial tool, not something that hampers your ability to enjoy life. Scotia Total Equity® Plan turns your mortgage into a valuable asset -- one that can give you more control over your borrowing, now and in the future, and potentially save you hundreds of dollars each year.

This innovative borrowing program makes it easier to get the things in life you need and want.

• Pay for your children's education
• Buy a new car
• Renovate
• Buy a second home or vacation property
• Help run your small business

Whatever you decide, this plan will be custom built for you. Once in place, you decide how and when you'll use your available credit. You get the advantage of secured borrowing rates to finance not only your house but other things that are important to you.

You can now borrow up to 90%^† of the value of your home and continue to choose from the broad range of Scotiabank products that best suits your needs. Talk to your Branch for more details and to find out how to take advantage of this enhancement.

How it works

• Secure your borrowing with at least 10% equity in your home.
  
  
• Apply just once to establish your overall borrowing limit.
  
  
• Manage your interest rate risk by splitting your mortgage into two or three different types of mortgages and terms.
  
  
• Choose a combination of Scotiabank products that best suit your needs.

In fact, Scotiabank offers the flexibility of separate mortgages with a one-time approval. It’s part of the Scotia Total Equity Plan, an ingenious way to use the equity you’ve built up in your home to help lower your overall borrowing costs.