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A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...
The rod is useful as a unit of length because integer multiples of it can form one acre of square measure (area). The 'perfect acre' [2] is a rectangular area of 43,560 square feet, bounded by sides 660 feet (a furlong) long and 66 feet (a chain) wide (220 yards by 22 yards) or, equivalently, 40 rods by 4 rods. An acre is therefore 160 square ...
The only thing that changed was the number of feet and yards in a rod or a furlong, and the number of square feet and square yards in an acre. The definition of the rod went from 15 old feet to 16 + 1 ⁄ 2 new feet, or from 5 old yards to 5 + 1 ⁄ 2 new yards.
For a 30-year loan with monthly payments, = = Note that the interest rate is commonly referred to as an annual percentage rate (e.g. 8% APR), but in the above formula, since the payments are monthly, the rate i {\displaystyle i} must be in terms of a monthly percent.
The rest of the loan's balance (called "holdback") [1] is given to the builder upon the achievement of certain milestones related to the sale or lease of its residential space. [2] For example, a bank may advance 80% of the balance of a property loan to the builder, and release the remaining 20% upon the successful construction lease or sale of ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
One of the reasons for creating sections of 640 acres (260 ha) was the ease of dividing into halves and quarters while still maintaining a whole number of acres. A section can be halved seven times in this way, down to a 5-acre (2 ha) parcel, or half of a quarter-quarter-quarter section—an easily surveyed 50-square-chain (2 ha) area. This ...
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