Google
 
LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

Click on the first letter of the term you wish to find.
[ Lookup | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ]

Construction Only

A short term loan in which the proceeds are used for the construction of a new building or home. These loans typically provide for periodic payments as each stage of the construction is completed. Once the construction of the new building or home is complete the borrower must pay the balance of the construction loan or obtain permanent financing.

See Construction To Permanent
See Loan Purpose Type
See Mortgage Loan Purpose Type Overview
Suggest A Term

Return to top

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.