Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about builders construction loans: | |||||||||||||||||||||||
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... Upfront Mortgage Brokers Listed by State IMPORTANT NOTICE: BEFORE CONTACTING BROKERS LISTED BELOW, READ "HOW TO DEAL WITH A UMB" Upfront Mortgage Brokers as of December 10, 2005 Arizona Resident Brokers Keith Carothers, AZ Mortgage Dr. Fee: Negotiated on a case-by-case basis www.azmortgagedr ... more... |
|||||||||||||||||||||||
builders construction loans related definitions |
|||||||||||||||||||||||
Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... 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... |
|||||||||||||||||||||||
More about builders construction loans How to Finance and Build Your Dream Home Tips & Advice On Residential Construction Loans Home Construction Loans Part 1: FAQs From Media Interviews With Real Estate Author Home Appraisal Values Are Critical Rebuilding After Katrina: Smart Energy Choices Construction Loans - Good as an Interim Measure of Financing Construction Activity Bridge Loans: Everything You Wanted To Know What Is A FHA Loan? Cheap Loans Dirt Will Seem Costlier!
|
|
||||||||||||||||||||||
|