Flexible Payment Options

A Scotiabank mortgage gives you the option to:

· Change your payment frequency from monthly to bi-weekly

· Increase your mortgage payments  - just 2% a year can make a big difference

You can make changes to your payments easily online, at a branch or over the phone.

Time to renew your mortgage?  

Renew today and lock into one of
Scotiabank’s great rates.

If your mortgage is coming up for renewal, Scotiabank offers flexible ways to renew your mortgage when, where and how you want. 

Scotia Online

Reasons to renew your mortgage with Scotiabank

You’ll enjoy home ownership even more knowing you have the mortgage that’s right for you and your family. Take a look at all that a Scotiabank mortgage offers:

Friendly, Helpful Advisors

It’s important to pay off the debt that has the higher interest rate first and establish a time frame to pay off your debt. This will reduce the overall interest that you will pay to service your debt.

Flexible Payment Options

Our goal is to help you pay off your mortgage sooner and save thousands of dollars in interest along the way.

The Scotia Total Equity® Plan

Unique to Scotiabank, the Scotia Total Equity Plan (STEP) can help you achieve your financial goals by leveraging the equity in your home.

Did you know that you may be able to renew your mortgage online?

You may be eligible to renew your mortgage online. Simply log into Scotia Online and select your mortgage account to get started.

Not yet registered for online banking? 
Go to Scotiabank.com, click on the “Activate Now” link at the top right of the page, and follow the prompts.

*Some exclusions apply.

Helpful Mortgage Tools

Our easy-to-use mortgage tools can help you make an even more informed renewal decision. Here’s a sampling of what’s available to you.

Mortgage Calculator

See how much your mortgage payments can be to fit your budget.

Scotia Total Equity Plan Calculator

Calculate how much of your home equity you may be able to access.

Mortgage Prepayment Calculator

Find out what your mortgage prerepayment charge will be, so you can be mortgage-free faster.

More on Mortgages

The more you know about mortgages and home ownership the better. Help yourself to a wealth of easy to read articles

Financing Your Home Renovations

Since your home is likely your most important asset, renovations can be a great way to increase your property value and also make daily living more comfortable.

Own a home not a mortgage

It's natural to look forward to the day when you have made your very last mortgage payment and own your home outright.