Although construction loan calculations are only an approximation of the real expenses that the borrower will have to face, they are a very handy tool when it comes to getting an exact idea about the expected construction cost.
Simple construction loan calculators receive a few fields as input and then output the expected monthly payment that the borrower will have to pay to the lender. The input fields are described below.
Commercial Construction Loan
The construction loan amount is your best estimation of the amount that you believe you will need in order to complete the construction plan. This is an approximate sum of all the costs that you will have to pay during the period of the construction. It serves as a good estimation for the overall development cost. The overall development cost is usually the amount of money that the borrower applies for.
!1: Now is the time First Housing development tops .4 million for construction.(Commercial): An article from: Mortgage Banking Order Today!
Great Deal : $9.95Date Created :Apr 03, 2011 09:56:07
Citation Details
Title: First Housing development tops .4 million for construction.(Commercial)
Author: Michael Sorohan
Publication:Mortgage Banking (Magazine/Journal)
Date: November 1, 2009
Publisher: Mortgage Bankers Association of America
Volume: 70 Issue: 2 Page: 79(1)
Distributed by Gale, a part of Cengage Learning
The interest rate is the rate that you agree to pay to your lender. Interest rates differ among various financial institutions. Additionally, compared to other types of loans, construction loans tend to have higher (worse) interest rates. This is because of the nature of the investment; the lender assumes a high-failure risk and thus, the interest rate increases.
The months of construction field is to be filled with the expected number of months that will pass during the construction phase. Please note that theory is something completely different from practice. Theory assumes no (or minimal) obstacles during the construction phase; however, in practice, the procedure of construction is delayed many times due to unexpected problems.
Some calculators support an Average Outstanding Balance field. This field depends on the financial institution and is typically around 60%.
Finally, the construction interest calculator will give you the expected monthly payment; this is what the borrower is due to pay the lender every month.
Construction Loan CalculatorsHalo: Reach - Achievement HORSE #13 (RADICAL Jack vs. GNARLY Geoff) Video Clips. Duration : 8.75 Mins.Jack and Geoff square off in this battle to see who will re-take the lead in overall HORSE score. Who will win? Find out now! All maps are available at tinyurl.com
Tags: Achievement, Hunter, HORSE, Halo, Reach, Bungie, Microsoft, Xbox, Jack, vs, Geoff, Smells, Really, awesome, fails, of, the, weak
!: Cree Lighting Solutions Help
No comments:
Post a Comment