STEP – SCOTIA TOTAL EQUITY PLAN
The Scotia STEP product is another great HELOC product offered by our team. It can help you reduce the cost of borrowing and potentially save money each year with a predetermined borrowing limit that you can allocate among a variety of credit products at lower secured rates.
You can split your mortgage in up to 3 different terms to help manage interest rate risk. The STEP also has the automatic limit increase feature which will allow you the ability to obtain automatic increases to their revolving credit product as they pay down the balance on your mortgage component.
Watch the explainer video and contact us today using the form below.