Product Name | Scotiabank Closed Fixed Rate Mortgage |
Available In | Canada (All Provinces) |
Offered By | Bank of Nova Scotia |
Product Page | Scotiabank Closed Fixed Rate Mortgage |
1 Year | 3.64% 1 Year Decreased from 3.79% to 3.64% on March 16, 2019
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2 Year | 3.74% 2 Year Decreased from 3.79% to 3.74% on March 16, 2019
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3 Year | 4.39% 3 Year Decreased from 4.44% to 4.39% on June 22, 2019
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4 Year | 4.59% 4 Year Increased from 4.49% to 4.59% on October 13, 2018
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5 Year | 5.19% 5 Year Decreased from 5.34% to 5.19% on June 22, 2019
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7 Year | 5.69% 7 Year Decreased from 5.79% to 5.69% on June 22, 2019
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10 Year | 6.19% 10 Year Decreased from 6.29% to 6.19% on June 22, 2019
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Max Annual Lump Sum Prepayment | 15% |
Max Annual Increase to Regular Payments | 15% |
Payment Schedules | Weekly, biweekly, semi-monthly, and monthly. |
Additional Notes | Cash Back: Can receive up to 5% of the principal value of the mortgage in cash upon closing.
It is possible to double up on a regular payment at any point during the term of the mortgage. It is also possible to miss a payment at any point during the term if a double-up payment was made on a previous occasion. |