Life comes next. Start with the Scotia Total Equity Plan® (STEP).
Unlock your home equity with STEP. Qualify once to access funds for what you need, when you need them.
Unlock all the possibilities with the Scotia Total Equity Plan (STEP).
One easy application.
Apply just once. Then enjoy the ease and convenience of using your home equity for the 11 products available within STEP.1
Your equity, your choice.
Use your home equity whenever, however you need it. Consolidate debt, upgrade your family car, invest in a new property, or simply prepare for the unexpected. The possibilities are endless.
It’s peace of mind.
Secure your borrowing power for the future. You can borrow up to 80% of your home equity so you’re ready for what comes next in your life.
You’re in control.
Mix and match mortgages, lines of credit, loans and credit cards to create a plan that works for you.
Key benefits of the STEP
How the Scotia Total Equity Plan works.
- Secure your global borrowing limit with at least 20% equity in your home.
- Apply just once. Choose from products available with STEP.
- Borrow up to 80% of the value of your home with up to 3 mortgage products.
- Borrow up to 65% of the value of your home with lines of credit and other secured borrowing solutions.
- Customize your credit options to find a solution that works best for you.
- Consolidate debt and lower your portfolio interest rate and monthly payments.
- Protect your home and equity with Scotia Mortgage Protection.
With STEP, you’re ready for what comes next.
Whether it’s your child’s education, a new property, consolidating debt, or simply prepare for the unexpected. STEP helps you access your equity for what you need, when you need it.
New home, vacation or investment property
Rainy day fund
Additional needs or desires
Discover how you can take the next STEP.
Make an appointment with a Home Financing Advisor
Talk to a Home Financing Advisor by phone or at a location of your choice.
Apply online with eHOME
You can be pre-approved, search for a home and get mortgage approval all in one place, all online.
Learn more about how STEP can work for you.
The STEP Calculator
See how you can unlock your borrowing potential with the STEP Calculator.
Be a STEP ahead
Learn how you can use your home equity to reach goals sooner.
Tips for Homebuying Success
Be ready to seize the moment when you spot the perfect house.
Purchasing an Investment Property
Learn how STEP can work to help you meet your financial goals.