Switch to Scotiabank program¹

Right for you if you want a hassle-free way to transfer your mortgage to Scotiabank

Special Offer

Switch your mortgage to Scotiabank^® and get up to $1,200 to cover your switch fees.²

Overview

Switching your mortgage is easy. Once you provide us with your mortgage details, you can take advantage of our limited time offers and customize your terms under the Switch to Scotiabank Program!

Own a home, not a mortgage. Scotiabank provides mortgage tools and advice that can help you become mortgage-free faster and easier.

Take advantage of the Scotia Total Equity® Plan. Unique to Scotiabank, the Scotia Total Equity® Plan can help you achieve your goals by making your home equity work for you. Mix and match products for a total of 80% of your home's value without having to requalify.³

Mortgages: Borrow up to 80% of the value of your home and manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms.
Other Products: Borrow up to 65% of the value of your home and choose lines of credit or other secured Scotiabank borrowing productsthat best suit your needs.

Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.

Mortgage Tools

It's easy to achieve your goals.

Mortgage-Free Faster Calculator

Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.

Try our Mortgage-Free Faster Calculator

What can I afford?

Find out how much, so you can arrange your mortgage and shop for a home with confidence.

What can I afford?

Mortgage Calculator

Determine your payment options, amortization and more, all with one calculator.

Try our Mortgage Calculator

STEP Calculator

Learn how to save by using the equity in your home to borrow at lower interest rates.

Try this tool

Mortgage Selector

Opening the door to homeownership.

Try this tool

Mortgage comparison calculator

Use this calculator to compare two different mortgages and determine which feature or product is the most suitable to meet your needs.

Try this tool

Special Offer

We are pleased to announce our Mortgage Switch Offers:

Apply with one of our Home Financing Advisors today and get up to $1,200 towards your applicable switch fees.²

Minimum mortgage balance of $100,000.
Offer is valid for all closed fixed rate mortgages with a 3 year term or greater, and the closed variable rate mortgage with a 5 year term.

For more information, please contact a Home Financing Advisor near you.

Now you can switch your mortgage to Scotiabank online through eHOME⁴:

Customers who switch their mortgage online will receive preferred mortgage rates and save up to $300 in appraisal fees. In addition to covering your appraisal fee, receive $500 cashback to help cover your switch costs.

Minimum mortgage balance of $100,000.
Offer is valid for all closed fixed rate mortgages with a 2, 3, 4, 5 year term, and the closed variable rate mortgage with a 5 year term.
Online applications only eligible for a home that you will live in (Rental properties are not eligible).
eHOME switch and this eHome switch offer is not available in Quebec.

If you are ready to switch now you can start your application online through eHOME.

Find a Local Branch

Ready to apply

By phone

Mon-Fri (9am-8pm)

1-877-303-8879

In Person

See a Home Financing Advisor.

Find a Home Financing Advisor

Online

Switch your mortgage using eHOME

Apply Today

Legal

All mortgages are subject to meeting Scotiabank's standard credit criteria residential mortgage standards and maximum permitted loan amounts.

1

Some conditions may apply. Offers only available on transfers of existing mortgages from another lender or financial institution to The Bank of Nova Scotia. Prepayment charges with your existing lender may be applicable if the mortgage has not reached the maturity date. This program can be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers or promotions.

2

The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater or, a closed variable rate mortgage with a 5 year term. Scotiabank will pay a maximum of $800 to the appropriate service provider to cover mortgage closing costs for services ordered directly or approved by Scotiabank. This amount will be treated as cashback and will be repayable to Scotiabank if the mortgage is assumed, paid out, transferred, or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement, and will be calculated on an even prorated basis using a standard formula. Scotiabank will also cover up to a maximum of $400 towards any discharge or assignment fee (other than any prepayment charges) charged by the other financial institution in connection with the mortgage transfer (not applicable in Quebec or through eHOME online application). The mortgage must be funded within 120 days of the application date.

3

Subject to meeting Scotiabank's standard credit criteria residential mortgage standards and maximum permitted loan amounts. A new application may be required to add or change products under the STEP in some circumstances and if you request a change to the credit limits of your products, you may be asked to provide updated information and/or submit a new application. In some cases, a new mortgage registration may be required. Not all mortgage solutions may be eligible to be included as part of STEP. Additional restrictions and conditions may apply.

4

The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a term between 2 and 5 years or, a closed variable rate mortgage with a 5 year term. Scotiabank will pay $500 to help cover your switch costs. The application must be for a home that you ordinarily occupy as your residence. This amount will be deposited to the account you designate for collection of your mortgage payments within 5 business days of your mortgage closing date. This amount will be treated as cashback and will be repayable to Scotiabank if the mortgage is assumed, paid out, transferred, or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement and will be calculated on an even prorated basis using a standard formula. The mortgage must be funded within 90 days of the application date. This offer is not available in Quebec.

®

Registered trademark of The Bank of Nova Scotia.

Switch to Scotiabank program1

Overview

Mortgage Tools

Mortgage-Free Faster Calculator

What can I afford?

Mortgage Calculator

STEP Calculator

Mortgage Selector

Mortgage comparison calculator

Special Offer

Make an appointment at your local branch

Ready to apply

By phone

In Person

Online

Switch to Scotiabank program¹