Punch List
A list created by the general contractor, project manager, or [...]
Property Survey
Before you buy land, you need a property survey to [...]
Production Builder
A builder who designs and builds multiple homes from a [...]
Principal
The balance of a loan without interest.
Prequalification
An estimate of the amount of money a person can [...]
Prepayment Penalty
A payment required on some loans if the loan is [...]
Preapproval
A qualification for a mortgage by a lender based on [...]
Points
A fee charged by the lender equal to 1 percent [...]
Plot Plan
Your plot plan shows where your home will sit on [...]
Permit
A required authorization from a government authority to build a [...]
Performance Bond
Funds (typically 10 percent of the total price) that a [...]
Penalty Clause
A clause in a contract that provides for a reduction [...]
