Search results
Results from the WOW.Com Content Network
Construction loans are loans that fund the building of a residential home (aka a stick-built house), from the land purchase to the finished structure. Common types are a standalone construction ...
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 ...
Obtaining construction loans are easier with this type of contract. [9] [8] The profit margins and percentages are greater for engineers and contractors. [8] [9] Payments and instalments are made on regular basis which provides the contractor with a reliable cash flow. [8] [9] Management of the contract is a lot easier for the owner. [8] [9]
Neither gross tonnage nor gross register tonnage should be confused with measures of mass or weight such as deadweight tonnage or displacement. Gross tonnage, along with net tonnage , was defined by the International Convention on Tonnage Measurement of Ships, 1969 , adopted by the International Maritime Organization (IMO) in 1969, and came ...
Net tonnage is used to calculate the port duties and should not be taken as less than 30 per cent of the ship's gross tonnage. [2] Net tonnage is not a measure of the weight of the ship or its cargo, and should not be confused with terms such as deadweight tonnage or displacement. Also, unlike the net register tonnage, the net tonnage is ...
Unlike conventional construction loans, however, FHA construction loans are insured by the FHA. That means if you have a down payment of at least 3.5 percent, you could qualify for the loan with a ...
Net register tonnage (NRT, nrt, n.r.t.) is a ship's cargo volume capacity expressed in "register tons", one of which equals to a volume of 100 cubic feet (2.83 m 3).It is calculated by subtracting non-revenue-earning spaces i.e. spaces not available for carrying cargo, for example engine rooms, fuel tanks and crew quarters, from the ship's gross register tonnage.
Construction-to-permanent or one-time/single close loan: You take out a construction loan to cover the cost of the project; the loan then converts to a “regular” mortgage, and you start making ...