131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Planned unit development (PUD). Contingency.
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