Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
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...

construction related definitions

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...

More about construction

Get Free construction Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Purchasing Land: What To Look For
It doesn't take long to realize that finding the right piece of property is the most important aspect of new home construction. In a development, restrictions and easements have already been sorted out, but if you are looking for a stand-alone piece of vacant land, you're on your own. Here are ... more...

Investment Decisions and Mortgage Rates as Long-term Rates of Interest
Small businesses often use loans to finance their investment operations. Small retailers finance inventory with loans. Many construction investment companies build condominiums or even single-family homes speculatively, without specific customers lined up. They rely on mortgage rate to pay for ... more...

Communication In The Family
The earliest lock in existence is an Egyptian lock made of wood, found with its key in the ruins of Nineveh, in accent Assyria. In construction it is the prototype of the modern cylinder lock. There is mention of locks of simple design used by the Greeks and Romans. With the exception of the ... more...

The Benefits of Stainless Steel Kitchen Sinks
Stainless steel has emerged as the most popular choice of materials for new sink installations because of its low cost, light weight, and almost unbreakable construction. Stainless steel sinks are made in many sizes and several thicknesses, measured in gauge.The gauge of the stainless steel is the ... more...

Is a Condo Right for You?
Condos offer an affordable alternative to buying a house, at often half the price of a single family home. Before you buy one, you should be extra cautious.In some areas, construction-defect litigation is rampant, sale disclosures are troublesome and new and confusing laws are often enacted, and ... more...

MLM Training - Five Success Factors That Make Warm-Market Prospecting Easier
Forget for a second that youre in network marketing. What if you were starting any other kind of business like a retail store, a salon, or a construction company. Where would you get your customers? Your employees? How about business partners? Where would you find them?In one or more of those ... more...

The History of Business Loans
The first business loans possibly date back to ancient Greece. One of the most important services offered by Greek bankers was the lending of money to finance the carriage of freight by ships. They also lent money for mining, and construction of public buildings. Later, during the middle ages, the ... more...

Bahamas Real Estate Guide to Permits, Residency and More
In 1993, the International Persons Landholding Act was put into motion to encourage foreigners to purchase a second home in The Bahamas. And it couldnt be simpler. If a foreigner buys a single family dwelling or vacant land to be used in the construction of such a dwelling, then he no longer needs ... more...

How to Locate Low Interest Loans UK
Low interest loans UK are a boon to anyone who is in need of a little extra money for whatever reason they might be buying a house or a car, or attempting to consolidate other debts, or perhaps they need the money to pay for home improvements or other construction.Whatever the reason for wanting ... more...

Federal Housing Administration (FHA)
FHA loan programs:FHA AccessFHA Cal GoldFHA Rural GoldFHA Mutal Mtg. InsuranceFHA 203 (k)FHA 203 bFHA 251FHA Title I programFHA MIP RefundThe Federal housing administration was created by Congress in 1934 as part of the national housing act. The purpose of the act, and of the FHA, was to generate ... more...

Return to previous page   More articles on construction
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009