131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
A short-term loan that covers the cost to build a property until the owner can secure long-term financing. After a good look at their finances, a nice long chat with their financial advisers, and an extensive application with a mortgage lender, they might finally have an answer. Owner financing. Construction loan. Contingency.
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