u/Rare_Appointment_287

Hello

I have a STEP (home equity line) over a mortgage in Scotiabank. I went to a branch to ask for a STEP credit line that increase its limit based on the payments done to the mortgage (readvanceable mortgage). They told me that yes, we can do it, but there is a $75 monthly fee during the lifetime of the credit line. A lot of people is saying that they dont pay a thing. Is this something new? or the financial advisor was not well informed?