Life changes fast.

The Scotia Total Equity® Plan Mortgage changes with it.*

A STEP Mortgage gives you the flexibility to use the equity from your home when you need it.

What is STEP?

The Scotia Total Equity Plan (STEP) is a flexible borrowing plan tied to the equity in your home.

STEP lets you choose from different kinds of Scotiabank credit products (like mortgages and lines of credit) based on your needs, all with one easy application.1 With STEP, you’re in control.

The STEP calculator

See how you can unlock your borrowing potential with the STEP calculator.

Step 1

Get your STEP when you get your mortgage

Sign up for STEP as part of your mortgage process and unlock future borrowing power with one easy application.1

Step 1

Select products to link to your STEP

  • Mortgage
  • ScotiaLine® Personal Line of Credit
Step 1

As your equity grows, so does your borrowing power. We can help.

Get in touch with a Home Financing Advisor to learn more about how STEP can help you achieve your future plans.

With STEP, you’re ready for what comes next 

All it takes is one application1 to access all the benefits of STEP. You can initially borrow up to 80% of the value of your home, including up to 65% for line of credit products. After setup, the STEP will gradually decrease to 65% across a 25-year period.

Personalize your mortgage

Choose up to 3 mortgages to create a solution for your short- or long-term goals. Pick from fixed or variable rates with long or short terms. 

Fixed Rate Mortgages
Variable Rate Mortgages
Long and Short® Mortgage

Buy a new property

Use the equity in your existing home to help you buy a vacation home or an investment property.

Renovate your home

Our ScotiaLine with an access card can provide financing for renovations that can increase your property value and the enjoyment of your home

Consolidate Debt

Under STEP, you can consolidate or restructure your debt at a lower interest rate.

Funds for education

Help pay for your own educational costs or assist with your child’s educational expenses.

Plan for retirement

Use your growing equity to invest in and plan for your future.

How can STEP help you get more flexibility and control?

STEP gives you the flexibility to divide your mortgage into different terms and rates. This means that you can choose a fixed rate mortgage for one portion of your loan, while taking advantage of favourable interest rates with a variable rate mortgage for the other portion.

With STEP, you can have up to 3 mortgage solutions. You can apply your prepayment privileges to whichever mortgage component you wish to pay it down faster; however standard prepayment charges apply should you go over your annual prepayment limit.

How can STEP help you pay off your mortgage?

STEP empowers you to pay off your mortgage as fast as you want using your mortgage prepayment privileges. Unlike a traditional mortgage, you don’t have to worry about locking up all your excess cash in your home as you make your prepayments.

As you pay down your mortgage, you can access more and more equity in your home. For example, should something unexpected occur, you can access that equity by drawing down on a ScotiaLine® Personal Line of Credit linked to the STEP or you can add a credit solution to  your STEP1.

Create a plan that works for you

Choose from a unique range of credit options to help you achieve your goals.

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Protect against interest rate changes with fixed rate mortgages and take advantage of potential savings with variable rate mortgages.

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ScotiaLine Personal Line of Credit

Gain access to a higher credit limit to make those larger purchases (and only pay interest on what you use).


  • Borrow between $100,000 and $1,500,000
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ScotiaLine Personal Line of Credit with access card

Use your access card to make in-store and online purchases at a low interest rate.


  • Borrow between $10,000 and $500,000

More features & products

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Automatic Limit Increase

If you select this option, as you pay down your mortgage, the credit limit on your designated ScotiaLine Personal Line of Credit will automatically increase.2

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Scotia Mortgage Protection

Protect your biggest financial investment by adding optional Scotia Mortgage Protection insurance on your new mortgage. Scotia Mortgage Protection offers four coverage options that can either help pay off your mortgage, or keep up with your payments, as a result of certain unexpected life events. See how much it will cost you with our Mortgage Insurance Premium Calculator.

Frequently asked questions

Get in touch and discover how you can take the next STEP

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Make an appointment with a Home Financing Advisor

Talk to a Home Financing Advisor on the phone or at a location of your choice.

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Apply online with eHOME

You can be pre-approved, search for a home, and get a mortgage all in one place with Scotiabank’s online mortgage application process.

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Visit an advisor at your branch

Talk to a Scotiabank Financial Advisor at one of our branches to learn more about our mortgage solutions.