6 Months Flexible/Closed Mortgage

Right for you if:

  • You want short term fixed rates

  • You want the flexibility to convert to a 1 year or longer fixed rate closed term without a prepayment charge

  • Overview

  • Fixed interest rate

    Get a fixed rate and payment for six months - convert to a 1-year or longer fixed rate closed term at any time without a prepayment charge.

  • Prepayment Options

    You can prepay to pay off your mortgage faster. Our most popular solution allows you to prepay up to 15% of the original principal amount of your mortgage and increase your payment by up to 15% of the payment set for the current term of your mortgage each year*. Speak to one of our Scotiabank advisors about all the options we have available.

  • You could also have the following additional options**:

    • Match-a-Payment. 

                    You can pay an extra regular mortgage payment on any of your regular payment dates during your term.

    • Miss-a-Payment. 

                    You can miss a mortgage payment as long as you have matched one previously in your term.

  • Conventional and insured financing available.

  • PLUS:

  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.

  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.

  • Mortgage Rates

    We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.

    Variable Rate Mortgages

    Mortgage Tools


    It's easy to achieve your goals.

    Mortgage-Free Faster Calculator

    Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

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    What Can I Afford?

    Find out how much, so you can arrange your mortgage and shop for a home with confidence.

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    Mortgage Payment Calculator

    Determine your payment options, amortization and more, all with one calculator.

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    STEP Calculator

    Learn how to save by using the equity in your home to borrow at lower interest rates.

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    Mortgage Selector

    Opening the door to homeownership.

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    Mortgage Comparison Calculator

    Use this calculator to compare two different mortgages and determine which feature or product is the most suitable to meet your needs.

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