Personal Finance

Scotia eHome mortgage - how long from pre-approved to full approval?

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  • May 29th, 2021 6:09 pm
[OP]
Newbie
Apr 5, 2018
68 posts
15 upvotes

Scotia eHome mortgage - how long from pre-approved to full approval?

Hey, anyone here with Scotia experience?
I have their pre-approval via online e-home and was wondering how long would it typically take for them to get me approved once I've found the home? All documents are in order and are quite typical.

(would expect that appraisal will be the potential dragging longer part)
2 replies
Deal Addict
User avatar
Dec 4, 2007
1031 posts
532 upvotes
Toronto
It took about a week after submitting all the documents to be assigned a mortgage specialist to your application. After some back and forth emails, we were approved the week after. Total about 2 weeks back in April. Apparently our property qualified for some sort of online appraisal so there was no delay waiting on an appraisal to comeback.
Deal Addict
Aug 26, 2004
3309 posts
582 upvotes
Toronto
Don't wait for them to respond to you. Be on them. I made an application with three banks and none of them got back to me even after I made inquiries. Went to a mortgage broker instead.

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