Buy a house with just a 10% down payment.
For many home buyers, the biggest challenge is saving for the down payment. We make it easier! With Scotiabank, you can borrow up to 90% of the value of your home with our Mortgage Loans. With a down payment of just 10%, you can buy instead of waiting.
Comfortable monthly payments with amortization of up to 30 years.
Paying your Mortgage Loan over an extended period of time can reduce your monthly payments to balance your budget, which helps you achieve the goal of buying your own home quickly and easily. You can repay your Scotiabank Mortgage Loan over a period of up to 30 years. Of course, if you want to pay your loan off sooner, you can choose a shorter repayment period.
Convenient and automatic withdrawals.
Your mortgage payment can be automatically deducted from your Scotiabank deposit account quickly and easily. You won't need to worry about making payments on time or going to the branch every month to make them.
Purchase the land and build inexpensively.
Scotiabank offers financing to help you build your home. Finance the land for the home of your dreams with a loan from Scotiabank and repay it over a period of up to 15 years. When you are ready to build, Scotiabank offers you a loan to pay for the construction of your home.
Scotiabank won't charge you for loan renewal.