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.
v. diÂ·rectÂ·ed, diÂ·rectÂ·ing, diÂ·rects. v. tr. 1. a. To manage or regulate the business or affairs of; be in charge of: direct a government agency. b. To supervise or oversee (an activity or process): direct the building of a new road.