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.
3 : a person or thing through which power is exerted or an end is achieved : instrumentality communicated through the agency of the ambassador. 4 : an establishment engaged in doing business for another an advertising agency. 5 : an administrative division (as of a government) the agency for consumer protection.