Examples of Construction Loan Amount in a sentence
The maximum amount of the estimated Construction Loan Interest allowed in eligible basis is equal to one year of Construction Loan Interest (Construction Loan Amount multiplied by the Construction Loan Interest Rate).Exceptions will be considered for developments that can justify a potentially longer construction period.The applicant must provide a conditional commitment letter at final application detailing the rate and terms of all loans.
Any mortgage amounts and / or contributions received by CHH from CMHC regarding this Project will be forwarded to the City immediately to reduce the Construction Loan Amount outstanding.
The battalion FDC does the following:Provides tactical fire direction (how to attack a target).reduce the time required to execute an effective fire mission.
The maximum construction interest allowable in eligible basis shall becalculated as follows: Construction Loan Amount * Annual Interest Rate divided by 12 * number of months of construction divided by 2.
After terms #3 and #4 have been applied to the outstanding balance of the Construction Financing Loan and within the term limit of this loan (four years), any outstanding City Construction Loan Amount will be converted by CHH to a conventional 30 or 35-year mortgage with the City acting as guarantor for CHH to obtain third party financing.
The maximum construction interest allowable in eligible basis shall be calculated as follows: Construction Loan Amount * Annual Interest Rate divided by 12 * number of months of construction divided by 2.
Construction Interest - The maximum amount of the estimated Construction Loan Interest allowed in eligible basis is equal to one year of Construction Loan Interest (Construction Loan Amount multiplied by the Construction Loan Interest Rate).
The maximum estimated Construction Loan Interest amount allowed in eligible basis is equal to one year of Construction Loan Interest (Construction Loan Amount multiplied by the Construction Loan Interest Rate).
It’s kind of a chicken-and-egg thing.To summarize, here’s the formula:[Cash Down Payment = Construction Cost - Construction Loan Amount] and[Construction Loan Amount = Appraised Value X 80%]You can see from the above that if your house to be built appraises for exactly the cost to build, you’ll be able to get a loan for 80% of the cost, and you’ll need the other 20% in cash.
The ratio of loan to project value and the amortization period of loans made under this act which are insured by F.H.A. shall be governed by the F.H.A. mortgage insurance commitment for each project concerned, but shall not exceed fifty years.