A construction loan, or self-build loan, is a short-term loan used to finance the construction of a home or real estate project. This type of loan covers project costs before long-term funding can be

Contingent simply means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted; however, before the deal is complete, some

When a property is contingent, it means the owner has accepted an offer, but certain contractual expectations must be met or the offer will be void. If all contingencies are met, the property changes

A conventional mortgage is a loan that’s not backed by a federal government agency. Instead, conventional mortgages are available through private lenders, such as banks, credit unions, and mortgage companies. Conventional loans are broken

A convertible adjustable rate mortgage (ARM) allows buyers to take advantage of low interest rates by receiving a loan at a “teaser” loan interest rate. Their monthly mortgage payment stays the same, but interest

A cost of funds index is an average of the regional interest expenses acquired by financial institutions. It’s used to calculate variable rate loans.

Covenants, conditions, and restrictions, or CC&Rs, are simply rules and property limitations of a planned community neighborhood.