Take advantage of low interest rates in the short term while protecting against interest rate increases over the long term. The Long and Short® Mortgage under your Scotia Total Equity® Plan offers a split of the mortgage amount between:
Details
Term:
Any Fixed Rate, Closed Term Mortgage,
and a choice of either:
One part of the mortgage amount at below Scotiabank Prime Rate and reset every month as Scotiabank Prime Rate changes, and; One part of the mortgage amount at a fixed rate for the full term chosen.Today's Rate
Financing Available:
Conventional only.
Payment Frequencies:
Weekly, biweekly, semi-monthly, monthly.
Prepayment Options:
Prepay up to 15% of the original amount of each mortgage. Increase your payments by up to 15% of the payment set for the current term each year.
Added Benefits:
The Scotia Total Equity Plan can help you reduce the cost of your borrowing and potentially save you hundreds of dollars every year
