Construction loan

What is Construction loan?

A short-term loan intended to finance the cost of construction, usually of a house. The lender makes payments to the builder at periodic intervals as the work progresses. Construction loans are usually interest-only loans based on floating rates tied to LIBOR or other indexes.

FREE Listing Alerts

Sign up today - it's FREE

Foreclosure Deals

Privacy Policy   |   Terms and Conditions of Service   |   © / ForeclosureFreeSearch, Inc 1999-2022. All Rights Reserved.