Explaining Construction Loan Special Verbiage “Change Orders,” “Inspections,” “Contingency Fund”
Your mortgage advisor serves as an indispensable asset in comprehending the intricacies inherent in construction loans, including specialized terms such as Change Orders, Inspections, and Contingency Funds. We will explain these terms here, but your advisor can go into more detail to match your needs and situation. Change Orders Think of Change Orders as adjustments