▲ 4 r/Scotiabank
Builders mortgage
Has anyone had any positive experience trying to obtain a builders (construction) mortgage from scotia? I’ve had a meeting with them and their expectations are genuinely absurd compared to RBC or other lenders.
They essentially expect you to have 60% future value of the property ready in cash. That seems absolutely insane.
Every time I have to interact with this bank they’re a further disappointment.
u/Top_Selection3866 — 5 days ago