Changes to the Scotia Total Equity® Plan (STEP)
Frequently Asked Questions
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1 A refinance requires a new credit application to be submitted. This may require a re-registration of your collateral mortgage, and you must pay any fees and expenses in connection with discharging the original mortgage and the registration of a new collateral mortgage.
2 Additional restrictions and conditions may apply.
3 The credit limit increase will be applied as long as the designated line of credit account has not reached the maximum STEP Global Limit or the maximum allowable credit limit for that account type and the total of all revolving credit accounts under the STEP has not reached 65% of the home’s value. Other terms and conditions apply.