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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
  • 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.

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:

Rates are provided for information purposes only and are subject to change at any time.

All rates are calculated semi-annually, not in advance.

Videos See our latest demos and videos.
Be a STEP Ahead with the Scotia Total Equity Plan! 2:06 min | Transcript
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 the 'Small changes, big difference' video Small changes, big difference 1:48 min | Transcript
Find out how you can meet and exceed your savings requirements. Watch video
Tools It's easy to achieve your goals.

Start saving with Scotia Total Equity Plan

Calculate your savings today.

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Ready to apply

  • All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Read more
  • † In the future should you wish to request a change to the credit limits amongst your products, you may be asked to provide updated information and/or submit a new application depending on your current circumstances.
  • †† Some conditions may apply.
  • * Some mortgage solutions may not be eligible to be included as part of a Scotia Total Equity Plan.
    • Mortgage Rates Information