Which of the Following Is FALSE Regarding a Construction Loan

question 17

Multiple Choice

Which of the following is FALSE regarding a construction loan?

• A) It usually has a lower rate than does permanent financing
• B) It is also known as interim loan
• C) Hard costs can usually be financed
• D) The entire land cost can not usually be financed

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Definitions:

Convergent

Pertaining to structures or processes that come together or blend, often used in the context of evolutionary biology or plate tectonics.

Parallel

Describes lines or structures that are side by side and having the same distance continuously between them.

Depressor Anguli Oris

The depressor anguli oris is a facial muscle that contributes to the downward movement of the corners of the mouth, expressing sadness or frowning.

Orbicularis Oris

A circular muscle around the mouth that controls lip movements, such as puckering and closing.