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Time to renew your mortgage?
Find your perfect fit. Get personalized renewal options to fit your lifestyle and budget.
Renew your mortgage with advice tailored to your unique situation
You work hard for your home. That’s why we offer a variety of flexible mortgage renewal option to fit your needs.
Get tailored advice
Pay off your mortgage faster with help from our advisors. They’ll work to get you the renewal plan that best suits your needs.
Get personalized guidance
We’ll help you compare different rates and terms to ensure you select the option that’s right for you at this time.
Get flexible payment options
Weekly, monthly or bi-weekly. Choose a payment plan that fits your cashflow needs.
Renewing your mortgage? Consider this:
Review your goals
Think about your upcoming plans and finances:
- Have your finances changed since your last mortgage renewal?
- Has the economy impacted your spending?
- Do you need extra cash for renovations or other major expenses?
- Are you thinking of selling your home soon?
Consolidate your borrowing and savings
Consider consolidating higher interest debt through refinancing your mortgage or completing a Scotia Total Equity Plan (STEP) restructure to reduce interest costs.
Renew early
You can renew your mortgage up to 6 months before it expires, without a prepayment charge. This could save you money if interest rates go up in the future.
Find the right mortgage solution
Choosing the right mortgage renewal option can save you money. Consider whether a fixed or a variable rate offers the best solution for you. Find the optimal term length, and the benefits of an open versus closed term. Talk to a Scotiabank advisor to find the perfect fit for your mortgage.
How to renew your mortgage
Renewing your mortgage is a big financial decision. Get in touch to make your renewal as smooth as possible.
Book an appointment
Talk to an advisor at one of our branches to find the best mortgage solution for you.
Renew online
After exploring your mortgage options, renew online in minutes.
Contact center
Speak to a Mortgage Specialist
Monday to Friday,
8 am to 11 pm ET
Saturday, 8 am to 7 pm ET
Ready to renew online
Here’s a virtual tour of your online mortgage renewal process
Helpful Mortgage Tools
Our easy-to-use mortgage tools can help you make an even more informed renewal decision. Here’s a sample of what’s available.
Mortgage payment calculator
See what your mortgage payments could be and discover ways you can save money.
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.
Scotia Mortgage Protection
Protect your biggest financial investment by adding optional Scotia Mortgage Protection insurance anytime point during your mortgage term. Scotia Mortgage Protection offers four coverage options that can help pay off your mortgage, or keep up with your payments, because of certain unexpected life events.
Related articles
How interest rate cuts impact your mortgage
Own a home or thinking of buying one? Find out what the Bank of Canada interest rate cuts mean for your mortgage and purchasing power.
How to pay off your mortgage faster and own your home
Here's everything you need to know about mortgage paydown strategies and how to minimize or avoid prepayment charges.
How refinancing your mortgage can give you more options and flexibility
Building more flexibility into your financial toolbox with a home equity loan or line of credit can help give you peace of mind.Helpful resources
Ready to renew?
Renew today using Scotiabank's flexible renewal options
Meet an advisor
Book an appointment to discuss your mortgage renewal options
Renew online
Streamline your renewal and potentially secure a lower interest rate by renewing online