Purchasing your first home is probably the single most important investment you will ever make. Scotiabank mortgages are designed to help you own your home sooner and with affordable payments. Whether you are purchasing, building, renovating or consolidating your debts, our mortgage specialists will fully explain your mortgage options and provide the best advice available.

Own with as little as 5% down

With home ownership, the biggest hurdle is usually coming up with the down payment. Through the Scotia Residential Mortgage Program, you can borrow up to 95% of the value of your dream home with the purchase of Mortgage Insurance. That means that you can now buy with as little as 5% down.

Enjoy an amortization of up to 30 years

Repaying your mortgage over a longer period of time allows you to customize your monthly payments to fit your budget. Our Residential Mortgage Program also allows:

• Penalty-free prepayment privileges - prepay up to 15% of your mortgage each year of your term without penalty or increased administration costs.
  
  
• Options when you move - transfer your existing Scotiabank mortgage to your new home - with no change in interest rates - or combine your outstanding mortgage balance with additional financing towards your new purchase.

Our mortgage specialists will explain your mortgage options and ensure that you select an option tailored to suit your needs. Contact your Scotiabank branch to find out more, including current rates and fees.

Apply Now! For your CASH BONUS MORTGAGE, the mortgage that pays you!

Products and services described herein are only available in jurisdictions where they may be lawfully offered for sale.