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Mortgage Professor about Construction: | |||||||||||||||||||||||
Pitfalls in the Financing of Home Construction
March 22, 1999 " My wife and I are considering having a house built for us and I would like to know the basics of combination construction/permanent mortgages. What do we look out for?" Construction can ... more... Should the Builder Finance Construction? April 19, 1999, Revised October 10, 2002 "We are going to have a house built for us, and are wondering whether or not we should finance the construction or allow the builder to do it? Some builders won't do it but others will if the customer wants it? Is there ... more... |
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Construction related definitions |
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Construction Loan
Construction Loan A short term interim loan to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as he progresses. ... more... Interim Financing Interim Financing A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion. Interim loans are used to bridge the gap between the construction loan and the permanent loan (hence bridge loans) ... more... |
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More about Construction How to Finance and Build Your Dream Home Construction Loans - Good as an Interim Measure of Financing Construction Activity Pre Construction Investment Real Estate - Pros and Cons Construction Loan Basics Navigating Commercial Construction Financing Buying New Construction...How Do I Begin? Under Construction During the Storm A Hurricane Guide for Businesses that are Under Construction Tips & Advice On Residential Construction Loans Bridge Loans: Everything You Wanted To Know Home Improvements Turn Average Homes into Dreams Come True
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