Balloon Mortgages With Scotiabank PDF Print


For Immediate Release No. 14-15
March 06, 2015
For More Information Contact:

Regina Watson, Public Relations Officer

Ph:  (340) 774-2991 ext. 4122

Fax: (340) 774-6953
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Balloon Mortgages With Scotiabank


The Honorable Osbert E. Potter, Lieutenant Governor and Chairman of the Virgin Islands Banking Board, is asking all Virgin Islanders who have a balloon mortgage with Scotiabank to please contact Scotiabank immediately if your balloon mortgage has matured or will mature soon. A balloon mortgage is a mortgage that matures every five years and is subject to modification or can be changed to another mortgage product, such as an adjustable rate mortgage or a fixed rate mortgage.


Call Scotiabank at (340) 715-9661 or (340) 690-8409 and visit Scotiabank to find out if you can qualify for a mortgage loan modification.


If you need additional information or assistance, please contact the Division of Banking and Insurance at the Office of the Lieutenant Governor (340) 773-6459 or (340) 774-7166.




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