Annual Percentage Rate (APR)
- March 5, 2021
- Mike
Annual cost of credit over the life of a loan, including interest, service charges, points, loan fees, mortgage insurance, and other items.
Monday - Friday
8:30 am - 5 pm
8:30 am - 5 pm
Glossary group: A
Anchor bolts
- March 5, 2021
- Mike
Bolts to secure a wooden sill plate to concrete , or masonry floor or wall.
Amortization
- March 5, 2021
- Mike
A payment plan by which a loan is reduced through monthly payments of principal and interest.
Allowance(s)
- March 5, 2021
- Mike
A sum of money set aside in the construction contract for items which have not been selected and specified in the construction contract. For example, selection of tile as a flooring may require an allowance for an underlayment material, or an electrical allowance which sets aside an amount of money to be spent on electrical… Continue reading Allowance(s)
Air space
- March 5, 2021
- Mike
The area between insulation facing and interior of exterior wall coverings. Normally a 1″ air gap.
WE CAN HELP YOU!
Have an upcoming project you’d like to discuss with us, or an issue or comment? Let us bid on your next project. Please contact us!