Scotiabank Mortgage Rates

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Alberta Rates
PURCHASE
Fixed Rates
1 Year
3.19%
2 Year
2.89%
3 Year
2.89%
4 Year
2.94%
5 Year
2.99%
7 Year
3.44%
10 Year
3.84%
Variable Rates
3 Year
4.15%
5 Year
3.40%
REFINANCE
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
RENEWAL
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
HELOC
4.45%
British Columbia Rates
PURCHASE
Fixed Rates
1 Year
3.19%
2 Year
2.89%
3 Year
2.89%
4 Year
2.94%
5 Year
2.99%
7 Year
3.44%
10 Year
3.84%
Variable Rates
3 Year
4.15%
5 Year
3.40%
REFINANCE
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
RENEWAL
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
HELOC
4.45%
New Brunswick Rates
PURCHASE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
REFINANCE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
RENEWAL
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
HELOC
4.45%
Newfoundland and Labrador Rates
PURCHASE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
REFINANCE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
RENEWAL
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
HELOC
4.45%
Nova Scotia Rates
PURCHASE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
REFINANCE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
RENEWAL
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
HELOC
4.45%
Ontario Rates
PURCHASE
Fixed Rates
1 Year
3.19%
2 Year
2.89%
3 Year
2.89%
4 Year
2.94%
5 Year
2.99%
7 Year
3.44%
10 Year
3.84%
Variable Rates
3 Year
4.15%
5 Year
3.40%
REFINANCE
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
RENEWAL
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
HELOC
4.45%
Prince Edward Island Rates
PURCHASE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
REFINANCE
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
RENEWAL
Fixed Rates
1 Year
3.79%
2 Year
3.79%
3 Year
4.44%
4 Year
4.59%
5 Year
5.44%
7 Year
5.99%
10 Year
6.59%
Variable Rates
3 Year
4.00%
5 Year
3.90%
HELOC
4.45%
Saskatchewan Rates
PURCHASE
Fixed Rates
1 Year
3.19%
2 Year
2.89%
3 Year
2.89%
4 Year
2.94%
5 Year
2.99%
7 Year
3.44%
10 Year
3.84%
Variable Rates
3 Year
4.15%
5 Year
3.40%
REFINANCE
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
RENEWAL
Fixed Rates
1 Year
3.44%
2 Year
3.29%
3 Year
3.34%
4 Year
3.39%
5 Year
3.44%
7 Year
3.89%
10 Year
4.29%
Variable Rates
3 Year
4.10%
5 Year
3.35%
HELOC
4.45%

About Scotiabank Rates

A Canadian multinational bank (and the third largest bank in Canada), Scotiabank mortgage rates and all services and products that pertain to mortgages are just one of the many faces of this bank. Are you looking for a new mortgage, a mortgage renewal, home equity loan, or mortgage refinancing? If so, Scotiabank has a solution for your financial needs & goals. Home buyers that are new to the mortgage market may want to discuss mortgage-related types with a mortgage professional before making any sudden decisions. The mortgage market is complex, especially when it comes to mortgage rates, mortgage types and the pitfalls that may be attached to certain mortgages. The qualification and preapproval process are also in-depth, so knowing all your options before signing on the dotted line is a smart strategy financially. Scotiabank mortgage rates tend to be a bit lower then a private lender because they source their funds for loaning out via mortgage loans directly from the government. The types of mortgages range individually in performance, but the top three most popular is an adjustable rate mortgage, a variable rate mortgage and a fixed rate mortgage. People can often confuse what the difference is between a variable rate and an adjustable rate mortgage because they are both designed to move with the prime rate, whereas a fixed rate mortgage is locked in for a term.
Scotiabank mortgage rates and any lender mortgage rates are the interest rate charged on the principal of a mortgage loan over a period of months or years. Of course, everyone wants the very lowest mortgage rate, but there are certain aspects that you can put into place to help you to save money over the life of the mortgage loan. Many people jump too fast and are not fully prepared when taking out a mortgage, but for those people who spend the time to save a down payment and have money at hand for closing costs, moving, and so on, then the risk is lower to the lender and in turn, a better mortgage product & interest rate can be offered. Private lenders may approve more mortgage applications then regulated banks and credit unions, but they do charge a higher interest rate for the 'ease of home ownership'. If you sit down and calculate just how much more money you will pay over the life of the mortgage loan because of a higher interest rate, you could almost purchase another less expensive home! Comparing lenders and their mortgage rates is a good way to kickstart your home buying investigation and ascertain what you can comfortably afford.

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