Construction Mortgage

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Dictionary Says

Definition of 'Construction Mortgage'

A loan borrowed to finance the construction of a home and typically only interest is paid during the construction period. Once the construction is over, the loan amount becomes due and it becomes a normal mortgage. The money is advanced incrementally during construction, as construction progresses.
Investopedia Says

Investopedia explains 'Construction Mortgage'

Financing to build a new home typically comes in the form of a construction-to-permanent loan. This financing option has two parts: a loan to cover the costs of construction, and a mortgage on the finished home. The advantage of such plans is that you have to apply only once and you will have only one loan closing.
Search results for

'Construction Mortgage'

  • New Construction's Hidden Costs Can Burn Buyers

    http://www.investopedia.com/articles/realestate/12/hidden-construction-costs.asp
    ... SEE: Mortgage Basics What many buyers don't realize is that new homes often have
    numerous hidden costs. If you're considering new construction, here's what you ...

  • Get Personal With Your Portfolio

    http://www.investopedia.com/articles/basics/09/personal-milestones-portfolio-construction.asp
    ... Personal Milestones and Portfolio Construction While factors such as risk tolerance
    and ... and effort on learning about housing options and mortgage products, but ...

  • 8 Signs Your Neighborhood Is On The Upswing

    http://www.investopedia.com/articles/mortgages-real-estate/10/8-signs-of-an-upswing.asp
    ... This has a "ripple effect" because an increase in applications at mortgage lenders
    helps promote more construction jobs, and brings revenues to homebuilders ...

  • Economic Indicators: Housing Starts | Investopedia

    http://www.investopedia.com/university/releases/housingstarts.asp
    ... Construction growth usually picks up at the beginning of the business cycle (the ...
    This is because rising mortgage rates may be enough to convince homebuilders ...

  • Building Profits With Cheap Construction Stocks

    http://stocks.investopedia.com/stock-analysis/2011/Building-Profits-With-Cheap-Construction-Stocks-STRL-MTW-FLR-GVA0914.aspx
    ... Building Profits With Cheap Construction Stocks. ... Out with the Bath Water Construction
    stocks are the proverbial babies being thrown out with the bath water. ...

  • Regions Financial Struggles With Homebuilder Loan Losses

    http://stocks.investopedia.com/stock-analysis/2009/Regions-Financial-Struggles-With-Homebuilder-Loan-Losses-RF-BBT-STI-MTB-PNC1027.aspx
    ... had a third-quarter loss of $377 million versus a third quarter profit of $304 million
    last year, due to residential mortgage and construction loan losses. ...

  • Granite Construction Under Repair

    http://stocks.investopedia.com/stock-analysis/2010/Granite-Construction-Under-Repair-GVA-STRL-URS-STRL0507.aspx
    ... Granite Construction Under Repair. ... Despite signs of an improving economy, Granite
    Construction (NYSE:GVA) saw no signs of that, during the first quarter. ...

  • Granite Construction Squeezed By Economy

    http://stocks.investopedia.com/stock-analysis/2010/Granite-Construction-Squeezed-By-Economy-GVA-STRL-SHAW-FLR0806.aspx
    ... Granite Construction Squeezed By Economy. ... The immediate future does not offer
    much hope for infrastructure construction firms like Granite. ...

  • 10 Insurance Tips For Homeowners Slideshow | Investopedia

    http://www.investopedia.com/slide-show/insurance-tips-homeowners/plan-construction.aspx
    ... insurance. You may end up saving on both annual policy premiums. Plan Ahead
    For Construction. If ... purchase. Pay Off Your Mortgage. Obviously ...

  • A Rock Solid Play In Construction Aggregates

    http://stocks.investopedia.com/stock-analysis/2011/A-Rock-Solid-Play-In-Construction-Aggregates-INF-GRID-XLB-VAW-VMC-MLM-TXI-CRH-CX-USLM1101.aspx
    ... Article; Comments (0). A Rock Solid Play In Construction Aggregates.
    Posted: Nov 01, 2011 10:20 AM by Aaron Levitt. ...

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Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
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Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
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36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
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