Scotia Flex Value Mortgage - 5 Year Closed Term

Right for you if you want a low mortgage rate and payment and you want conventional or insured financing


Low interest rates and payments.
Reset together with your payment amount each time the Scotiabank Prime Rate changes.

Convert anytime.
Get a fixed term product with a term greater than the remaining term on your Scotia Flex Value® Mortgage, with no prepayment charges.

Prepayment options. 
You can prepay to pay off your mortgage faster. Our most popular solution allows you to prepay up to 15% of the original principal amount of your mortgage and increase your payment by up to 15% of the payment set for the current term of your mortgage each year*. Speak to one of our Scotiabank advisors about all the options we have available.

You could also have the following additional options**:

  • Match-a-Payment
    You can pay an extra regular mortgage payment on any of your regular payment dates during your term.

  • Miss-a-Payment
    You can miss a mortgage payment as long as you have matched one previously in your term.

Conventional and insured financing available.


  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.
  • Scotia Mortgage Protection can help make sure the home you worked so hard for is protected.

Mortgage Rates

We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.

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.

What can I afford?

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

Mortgage Calculator

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

STEP Calculator

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

Mortgage Selector

Opening the door to homeownership.

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.

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