We thank you for your interest in doing business with us. We strive to be available to provide sound financial advice to help satisfy customers banking needs.
Presently (May 2009), we offer the following mortgage products:
- Scotiabank Balloon Mortgages – Maximum Term 10 years – Maximum Amortization 30 years. (Int. rates 5.9%-6.20%)
- You can borrow up to 80% of the selling price or appraised value whichever is the lesser of the two (Purchase and Construction of house) Personal Mortgage Insurance is required (PMI).
- Lot Loans - Purchase up to 80% of the selling price or appraised value whichever is the lesser of the two. Max Amortization 15 years (6.15%)
- Equity Take-out (Residential lots only) – 50% of appraised value. Max Amortization 8 years.
- Scotiabank Fixed Rate Mortgages - Maximum Amortization 30 and 40 years
(Int. rates 4.00% to 5.625%)
- You can borrow up to 80% of the selling price or appraised value, whichever is the lesser of the two (House Purchase primary residence) Personal Mortgage Insurance is required (PMI). Equity: Cash Out and Limited Cash Out, 2nd Home Purchase available.
- Home Equity and Personal Lines of Credit – Interest Only Payments,
- Access funds by personalized checks or gold card
- Borrow up to 65% of the appraised value (including vacant land)
We provide for your ease of reference and completion an application package and requirement checklist.
Kindly contact us so we can discuss your options and provide you with guidance and answer any questions.
Scotiabank’s core purpose is "“to be the best at helping customers become financially better off by providing relevant solutions to their unique needs."”
We look forward to hearing from you soon.