Construction mortgage financing option is for clients who want to build or do large renovations to a property both residential and commercial. The construction mortgage makes construction and land development faster and easier.
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Those needing financing to construct a new home may be interested to know that Scotiabank has modified its Progress Draw Construction Mortgage.

Clients now get more time to complete construction.    Homeowners were previously allowed 12 months to finish. Scotia now gives them 15 months. Payments are interest-only during the construction period to preserve cash flow.  There is no more application fee.
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