Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about construction loan: | |||||||||||||||||||||||
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... Do I Really Need All These Title Policies? June 21, 2004 "My husband and I bought a piece of property in November 2001 and had to have title insurance. We began building in December, 2003 and we had to purchase a new policy in connection with our construction loan. Now, we are near completion and getting ready to ... more... |
|||||||||||||||||||||||
construction loan 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 loan Moldy Homes are a Great Investment Home Buyer 10 Extra Costs Above the Sales Price Three C's - What Startups Need to Get a Business Loan, Part 1 Buy or Sell First? Real Estate News Home Floor Plan Designing For Your Future Home How to Deal With Contractors Determining How Much Money You Need to Borrow Tips For Getting A Low Downpayment How Your Personal Credit Affects Your Chances of Getting a Business Loan
|
|
||||||||||||||||||||||
|