Take advantage of a mortgage with a low rate and low payment. The Scotia Flex Value® Mortgage also gives you the added flexibility and protection of a guaranteed 1% discount off the then 5-year posted rate if you convert to a 5-year fixed rate mortgage at any time.¹
Two Scotia Flex Value Mortgage options to choose from:
Closed Term¹ - offers you a low rate, with low payments to match
Open Term¹ - you can prepay at any time and for any amount you choose. As you can only take this open term as part of the Scotia Total Equity® Plan, you receive those added benefits as well.
Details
Term:
5 Years
Interest Rate:
Reset together with your payment amount each time Scotiabank Prime Rate changes.Today's Rate
Financing Available:
Conventional and Insured
Payment Frequencies:
Weekly, biweekly, semi-monthly, monthly
Prepayment Options:
Closed Term: Prepay up to 15% of the original amount of the mortgage. Increase your payments by up to 15% of the payment set for the current term each year.
Open Term: Prepay any amount, at any time with no penalty.
Added Benefits:
The flexibility to convert anytime to a fixed term product with a term greater than the remaining term of the Scotia Flex Value Mortgage, with no penalty.
