Who can request the Scotia Total Equity Plan STEP?
To qualify for the Scotia Total Equity Plan STEP, you need to have a property that meets Scotiabank’s criteria, a good credit score, and provide the necessary financial documentation. These requirements ensure that the plan is affordable and advantageous for anyone who owns a home.
The application process is straightforward and transparent, with support from Scotiabank at every step. From the initial assessment to approval and use of credit, you will be backed by one of Canada’s most respected financial institutions.
Requirements to acquire the Scotia Total Equity Plan STEP
✅ Be a Scotiabank account holder
✅ Employment and Income Test
✅ Documentation that proves your financial capacity to pay the requested credit
✅ Own a residential property in Canada
✅ Other requirements can be requested
A tip for you!
With STEP, you have the freedom to pay off your mortgage at whatever pace you want using your prepayment privileges. Unlike traditional mortgages, you don’t have to worry about tying up all your excess money in your home during the repayment process.
STEP allows you to accelerate your mortgage payments, reducing payment time and total interest. As you pay off your mortgage, the equity in your home increases. Through STEP, you can access this capital in several ways, such as: ScotiaLine personal line of credit.
What are the fees for Scotia Total Equity Plan STEP?
Specific rates may vary depending on several factors, such as the type of credit chosen (line of credit or mortgage loan), the loan amount, the term, and the applicant’s credit rating.
How to request Scotia Total Equity Plan STEP?
Go to the Scotiabank website, see all the information and click on “sign up to Scotiabank Home now” and ask to speak to a real estate financial advisor.
Don’t miss the opportunity to maximize the value of your home with Scotia Total Equity Plan (STEP). Consult Scotiabank today and discover how this plan can turn your financial goals into reality.