A view of what STEP can do for you. Here’s an estimate of how STEP could help you achieve your goals based on the equity you’ve built find the accumulated value of an investment calculator in your home today and the equity you are continuing to build in the future. If you’re like most people, your house is probably your biggest asset.
Not only does it provide your family with shelter and a place to call home but it can also help you to save money by building up your equity with every payment. With a STEP, we can show you how to unlock that equity to achieve the goals that you have, now and in the future! Just let us know your desired amortization and we’ll let you know what your payment will be. Did you know that as your home value rises and your mortgage decreases, your equity continues to grow? Plan helps you unlock that borrowing power to obtain the goals that you have. Are there goals you already have in mind? Select your top three goals and enter their estimated costs into the boxes below.
With STEP, you may never need to apply for credit again! Use the graph slider to see how much borrowing power you have available to use, now and in the future. We’re sorry, your browser doesn’t support HTML5 canvas. Check out our Mortgage-Free Faster Calculator to find out how. Get in touch with your Scotiabank Advisor to find out how STEP can help you achieve your goals faster or to learn how you could unlock even more of your equity.
Plan can help you achieve your goals by making your home work for you. 2 or 3 different types of mortgages and terms. Calculation results are approximations and for information purposes only. Home Value less the total of the Mortgage Balance and Other Debt Secured by Real Estate. Specific to Mortgage Calculations: The rate entered is a sample rate and is not considered a rate guarantee.
Interest is compounded semi-annually, not in advance. All mortgages are subject to applicable credit approval, Scotiabank residential mortgage standards and maximum permitted loan amounts. Interest is calculated on the daily debt amount but only added to the debt once a month. Registered trademark of The Bank of Nova Scotia. Plan can benefit you Using the equity you earn in your home, you’ll never need to apply for credit again in order to achieve both your short and long term goals! Home Value less the total of Outstanding Mortgage Balance and Other Debt Secured by Real Estate. Calculations assume all payments are made when due.