Skip to main content
scf

Home · Reviews

Advertiser disclosure

We may receive compensation when an active issuer partnership is disclosed. Compensation does not change the SCFinance comparison score, our picks, or where a card ranks. Read our full disclosure.

Scotiabank Mortgage review

A big-bank option worth it if you want everything under one roof, and you're willing to negotiate the posted rate down.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

A big-bank option worth it if you want everything under one roof, and you're willing to negotiate the posted rate down.

SCFinance score4.1
S

Scotiabank Mortgage

Rate types
FIXED, VARIABLE
Min. down payment
5%
Max amortization
30 years

Pros

  • Full-service banking relationship
  • STEP product combines mortgage and HELOC
  • Branch advice

Cons

  • Posted rates need negotiating
  • Slower than digital lenders

Details

Rate types
Fixed and variable
Terms
1-10 years
Branches
Nationwide

What you get

  • Scotia Total Equity Plan combines mortgage and credit lines
  • Branch and mobile advisors

Compare to alternatives

Nesto

SCFinance score4.7

Rate types

FIXED, VARIABLE

Min. down payment

5%

Max amortization

30 years

Details
Rate types
Fixed and variable
Terms
1-5 years
Max amortization
30 years
What you get
  • Low-rate guarantee
  • Online application and tracking
  • Salaried, non-commissioned advisors
Our take

A digital-first lender whose low-rate guarantee makes it a strong benchmark to shop against.

Read our full review

True North Mortgage

SCFinance score4.5

Rate types

FIXED, VARIABLE

Min. down payment

5%

Max amortization

30 years

Details
Rate types
Fixed and variable
Branches
Major cities
What you get
  • In-house lending arm
  • Rate matching on qualifying deals
Our take

A brokerage with its own lending arm, which often lets it undercut the big banks on straightforward deals.

Read our full review

← Back to Mortgages