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Insured high ratio mortgage only Scotia STEP program |
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Who is the ideal customer for an insured mortgage only Scotia STEP program? |
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High ratio customers who prefer amortizing mortgage accounts only, but who can benefit from the diversification of a laddering strategy to mitigate interest rate risk, or ease the decision of whether or not to go short or lock in for a longer term. |
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What products are available with an insured mortgage only Scotia STEP program? |
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With the insured plan, customers may choose up to three mortgage components with different rates (variable or fixed), terms and amortization. |
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