A long-term loan of 10 years or more.
An amortizing loan on completed property which is intended to remain on that property over the full amortization period. The terms and conditions of the loan usually change during that period.
A mortgage loan granted for a term of 20 to 40 years. based on the economic life of a property.
A long term mortgage, usually ten years or more. Also called an "end loan."
A long-term loan of not less than 10 years that is fully amortized and made to purchase, rather than to construct, real property.
A loan taken out after the construction of a building is finished.
A long-term mortgage (10 years or more).
A long-term loan, usually with a term between 10 and 40 years, the proceeds of which are used to repay a construction loan.
When all work is completed in building a new home, the construction loan is converted into a end or permanent loan. When builders do not require the borrower to find construction financing when building there home, they will often require the borrower to provide a committment for an end loan or permanent loan before building commences. See also Construction Loan.
a long term loan, usually 10 years or more; see also end loan
A long-term loan taken out upon completion of a new building. Permanent loans work together with construction loans. Here's how it works: land developers who buy large pieces of land to build homes on will first take out a construction loan on the property, which covers the entire lot. Then, when all the buildings are ready to sell, the lender offers each home buyer a permanent loan. Part or all of this money will go towards paying off the construction loan. Permanent loans are also called take-out loans.
The long-term mortgage on a property.
A long-term mortgage of ten years or more, often registered after construction is complete. Often referred to as an "end loan". back