Construction Loan Interest Rates. Understanding mortgage and construction loan interest rates can be confusing. In order to build a house you will need both a construction loan and a mortgage loan. The term of your construction loan is either one year or when your home is complete.
agency noun (ORGANIZATION). B1 [C] a âbusiness that ârepresents one âgroup of âpeople when âdealing with another âgroup: an âadvertising/âemployment/âestate/âtravel agency C1 [C] a âgovernment âorganization: an âoverseas âaid agency the Central Intelligence Agency.
An administrative agency that falls under the direction of the Executive Branch is referred to as an executive agency. However, an enabling statute may establish an independent agency, commission, or board, which does not fall under the direction of the president.