Investor Presentaiton
Scotiabank Canadian Mortgage Product Offerings
Fixed Rate Mortgages
Key Features
Fixed rate and payment for a specific term
Target Market
Want rate stability for a period of time
Delivery Channels
Mortgage Terms
Eligible loan
purpose
LTV
Amortization
Prepayment
Options
Variable Rate Mortgages
Interest rate that changes with Scotiabank Prime, low
payment based on current rate that changes with each
interest rate change
Take advantage of short term market rates over the longer
term
All channels (branch, Scotia Mortgage Authority (SMA), Home Financing Solutions (HFS))
6 month, open and closed
1-to-5 years, 7-year closed
10-year closed
5-year closed and open, 3-year capped closed
New home purchase, resales, renewals/early renewals, switches, refinances
Maximum 80% ( on uninsured mortgages) & maximum 95% (on insured)
Maximum 25 year amortization on LTV ≥ 80% and maximum 30 years if LTV < 80%
Up to 15% of the amount of the original mortgage per year and increase payments by up to 15% of the
payment set for the current term
Open variable rate mortgage only; prepay any amount at any time without penalty
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