American_Bankers_Association
CTFA · Question #120
What can be a short term interim loan to pay for the construction of buildings and homes?
The correct answer is C. Construction loan. See the full explanation below for the reasoning.
Investment Management
Question
What can be a short term interim loan to pay for the construction of buildings and homes?
Options
- AAdjustable rate mortgage
- BAppraisal
- CConstruction loan
- DConventional loan
How the community answered
(30 responses)- A3% (1)
- B7% (2)
- C80% (24)
- D10% (3)
Topics
#construction loan#short-term financing#real estate#interim financing
Community Discussion
No community discussion yet for this question.