Digital Banking Guides

A wide variety of Scotiabank’s services are now available from home.
This guide will help you learn how to bank your way - using online banking or our mobile app.

Learn about all of the banking you can do from home

Managing your mortgage - or getting a new one - has never been easier. Learn more, using the guides below. If you can't find what you're looking for, type in your question in our Help Centre.

Mortgage Basics

Make a Mortgage Payment

Apply for a mortgage online

Mortgage Details

Manage your mortgage

Mortgage Renewal

Switch to eStatements

Set up Scotia InfoAlerts

Check Credit Score

Customers also asked...

If you can’t find what you’re looking for please type your question in our Help Centre.

A mortgage payment is the amount of money you pay towards your mortgage — typically on a biweekly or monthly basis. Mortgage payments are made up of mortgage principal and interest.

The principal is the amount you borrow (mortgage amount). For example, if you have a $500,000 mortgage, the principal is $500,000. The lender charges interest on your principal, adding to the amount you owe.

When you start paying your mortgage, a larger portion of your payment goes towards interest. As you pay down your mortgage, the interest portion decreases so more of your payment goes towards paying off your principal.

To see the details of your mortgage account:

From your Accounts page, select your mortgage account to see your mortgage account number, interest rate, term details, and more.

You can change your payment frequency and increase your payment amount online.

You can renew your mortgage and check your mortgage details including principal balance, payment amount, interest rate, term maturity date, remaining amortization, and more in the app or online.

Everyone’s mortgage payment will be different. Several things affect your mortgage payment amount, such as:

  • The price you pay for your home
  • The interest rate you pay on your mortgage
  • How often you make payments, from weekly to monthly
  • If the interest rate is fixed or variable
  • The length of time over which you agree to repay your mortgage, which is known as your mortgage amortization period

Scotiabank offers a number of tools designed to help you understand and explore your mortgage options.

To understand how your mortgage costs will change based on current rates, and changes to payments and frequency, please try our mortgage calculator tool.

To calculate how prepayments may reduce your overall mortgage costs, try our mortgage prepayment calculator tool.

To understand how to use your Scotia Total Home Equity Plan (STEP) to save on your mortgage, try our STEP calculator tool.

To calculate the mortgage amount you may qualify for, try our mortgage affordability calculator tool.

Our Mortgage Centre is a great place to start.

Mortgages

Here’s what you can do through your desktop computer or mobile device.
Self-service optionsMobile
Online
Get pre-approved for a mortgage / Apply for a mortgage✓
✓
Renew mortgage
✓
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Check mortgage details (principal balance, payment amount, interest rate, term, maturity date, remaining amortization) 
✓
✓
Increase payment and change payment frequency ✓
Make a mortgage pre-payment
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