1Interest-only payments unless you choose to renew your mortgage early and fix your rate and payment. Interest-only payments will vary automatically with each change to Scotiabank’s Prime Rate and the principal amount advanced.
All mortgages are subject to credit approval, including at renewal in some circumstances. Certain conditions and restrictions apply. Product and program offerings may be changed or withdrawn at any time without notice.
2The Bonus Scene+ Point Offer (the “Offer”) is only available to Beaver Homes & Cottages customers at eligible Home Hardware locations and is non-transferable. Within 90 days of your Progress Draw Construction Mortgage being renewed
into a regular Scotiabank mortgage, you will receive 2,000 bonus Scene+ points per $10,000 renewed. These bonus Scene+ points will be applied in one of the following ways:
a) If you have an existing Scotiabank Scene+ eligible product, the bonus Scene+ points will be applied to the existing Scene+ member account linked to your Scotiabank Scene+ eligible product.
b) If you do not have an existing Scotiabank Scene+ eligible product, you will be automatically enrolled into the Scene+ Program and a new Scene+ member account will be created for you. You will then receive an email notification for
how to access your new Scene+ member account, and after successful enrollment into the Scene+ Program, the bonus Scene+ points will be applied to your newly created Scene+ member account. For joint mortgage loan borrowers, the bonus Scene+ points will be rewarded to the primary borrower on the mortgage loan. The Scene+ member account must be open at the time of payout of the bonus points. Offer not available on
Progress Draw Construction Mortgages existing as of August 31, 2023. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers except as otherwise permitted.
®Registered trademark of The Bank of Nova Scotia.
TMScene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.
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