A construction mortgage typically handles all expenses to build your new house, including the land, creating permits, labor and resources. Construction loans also include closing prices like other kinds of property loans. “Specs” is really a time period that you are in all probability not accustomed to. AIA Document A201-2017, https://riveryaxtq.liberty-blog.com/30369566/how-how-to-get-approval-for-constructed-house-can-save-you-time-stress-and-money