Scotia Farm Legacy Mortgage

Right for you if: 

  • You want to transfer farm property to your offspring

  • You want flexible long-term financing to buy farmland, make improvements, or restructure existing loans

  • Fixed or floating interest rate
    with the option to fix at any time.

  • Payment terms to match seasonal cash flow.

  • Terms of 1 to 5 and 7 and 10 years.

  • PLUS:

    The seller is allowed to provide a vendor take-back for financing the buyer in the transition.

    • Payment terms to match seasonal cash flow
    • Annual prepayment privileges to 15% of the original balance
    • Down payment minimum of 10% of the value of the farm property
    • The seller is allowed to provide a vendor take-back for financing the buyer in the transition
    Rates & Fees 

     

    Pricing for Scotia Farm Legacy Mortgages is determined by the amount of the credit request, security provided, and your credit history.

     

    Interest-only payments may be permitted for up to 5 years on both the mortgage and vendor take-back loan (some performance qualifiers apply).

     

    Scotia Farm Legacy Mortgages are term obligations secured by farm real estate and payable according to a regular schedule1.

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