u/Top_Selection3866

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.

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u/Top_Selection3866 — 5 days ago