Which option best describes your needs?
You can double your mortgage payment on any scheduled payment date with no fee or penalty.
Making weekly/bi-weekly payments will have the effect of making one extra monthly payment every year and can save you thousands of dollars in interest over the life of your mortgage.
Prepay up to 15% of the original principal amount of your mortgage any time during each year of the term. Once a year, you can also increase your payments by up to 15% of the scheduled monthly payment amount.
Thank you for taking the time to complete our mortgage tool. Based on the information you entered, your results are illustrated below.
For more information, visit us at www.scotiabank.com/mortgage to locate your nearest branch or Home Financing Advisor.