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Depending on the length of time the mortgage would be for, there are a couple other selections that are less costly then Scotiabank. Of the few, ING Direct offers the same prime rate for five years like Scotiabank, But their 3 and 10 year plans are considerably cheaper. BMO and PC Financial offer similar packages/policies as ING Direct, but going through a mortgage only type broker (Centum Financial, True North Mortgage) would cost even less.

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Q: Which banks offer lower mortgage rates than Scotiabank?
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Banks that offer refinancing on a second mortgage include TD Canada Trust, Scotiabank, Bank of Montreal, Royal Bank, Bank of America, Citi Bank and CIBC.


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There are a wide variety of banks which offer a home mortgage refinance. Some banks that offer refinancing of home mortgage loans include Bank of America, Sun Trust, and Wells Fargo.


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On the Mortgage Calculator website, one can use the tools listed to help evaluate the cost of a second mortgage. Many banks offer similar tools on their websites as well. Some include TD Bank, RBC, and Scotiabank.


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Several Canadian banks offer prepaid credit cards. They include TD Canada, Scotiabank, and BMO Prepaid, among a few others.


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