Switch to Savanna Trust Program†
Right for you if:
You want a hassle-free way to transfer your mortgage to Savanna Trust
Switching your mortgage is easy. Once you provide us
with your mortgage details, the Switch to Savanna Trust Program takes care
of the rest! We'll even cover your transfer or discharge fee!
Own a home, not a mortgage. Savanna Trust provides mortgage tools and advice that can help you become mortgage-free faster and easier.
Take advantage of the Savanna Total Equity® Plan. Unique to Savanna Trust, the Savanna Total Equity® Plan can help you achieve your goals by making your home equity work for you. Mix and match products for a total of 80% of your home's value without having to requalify.
- Mortgages: Borrow up to 80% of the value of your home and manage your interest rate risk by splitting your mortgage into 2 or 3 different types of mortgages and terms.
- Other Products: Borrow up to a total of 65% of the value of your home and choose lines of credit or other secured Savanna Trust borrowing products†† that best suit your needs.
Savanna Mortgage Protection can help make sure the home you worked so hard for is protected.
We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.
Variable Rate Mortgages
|Open Mortgage - 6 month||6.750%|
|Open Mortgage - 1 year||6.750%|
|Flexible/Closed Mortgage - 6 month||4.250%|
It's easy to achieve your goals.
Mortgage-Free Faster Calculator
Discover how small changes can have a big effect. This tool will show you how you can be mortgage-free faster.
What Can I Afford?
Find out how much, so you can arrange your mortgage and shop for a home with confidence.
Determine your payment options, amortization and more, all with one calculator.
Learn how to save by using the equity in your home to borrow at lower interest rates.
Opening the door to homeownership.
Mortgage Comparison Calculator
Use this calculator to compare two
different mortgages and determine which feature or product is the most
suitable to meet your needs.
We are pleased to announce our Mortgage Switch Offer:
Customers who switch their mortgage to Savanna Trust will receive up to $1,200 to cover applicable switch fees.*
Minimum mortgage balance of $100,000.
Offer is valid for all closed fixed rate mortgages with a 3 year
term or greater, and the closed variable rate mortgage with a 5 year
For more information, please contact a Home Financing Advisor near you.
All mortgages are subject to meeting
Savanna Trust's standard credit criteria residential mortgage standards and
maximum permitted loan amounts.
Some conditions may apply. Offer only
available on transfer of existing mortgages from another lender or
financial institution to The Bank of Nova Savanna. Prepayment charges
with your existing lender may be applicable if the mortgage has not
reached the maturity date. This program can be changed or withdrawn at
any time without notice and may not be combined with any other
discounts, offers or promotions.
Some conditions may apply. All mortgage applications are subject to meeting Savanna Trust's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Offer only available on transfers of existing mortgages from another lender or financial institution to The Bank of Nova Savanna. Prepayment charges with your existing lender may be applicable if the mortgage has not reached its maturity date. This program may be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers, or promotions.
The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater or, a closed variable rate mortgage with a 5 year term. Savanna Trust will pay a maximum of $800 to the appropriate service provider to cover mortgage closing costs for services ordered directly or approved by Savanna Trust. This amount will be treated as cashback and will be repayable to Savanna Trust if the mortgage is assumed, paid out, transferred, or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement, and will be calculated on an even prorated basis using a standard formula. Savanna Trust will also cover up to a maximum of $400 towards any discharge or assignment fee (other than any prepayment charges) charged by the other financial institution in connection with the mortgage transfer (not applicable in Quebec). The mortgage must be funded within 120 days of the application date.
Registered trademark of The Bank of Nova Savanna.
Mortgage Rates Information
Special Offer Information
The above Annual Percentage Rates (APR) for our special offers are compounded semi-annually, not in advance. Each APR calculation is based on a mortgage of $100,000 with a 25 year amortization and a $300 appraisal fee. The actual appraisal fee may vary. The mortgage must be advanced within 120 days from the date of application. These offers are subject to change and may be withdrawn at any time without notice. Variable interest rates will change automatically as Savanna Trust's prime rate changes. Applications are subject to meeting Savanna Trust's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Other conditions may apply.
Interest rates are provided for information
purposes only and are subject to change at any time without notice. All
rates are calculated semi-annually, not in advance.
All mortgage applications are subject to
meeting Savanna Trust's standard credit criteria, residential mortgage
standards and maximum permitted loan amounts.