Construction Mortgages Subject to inspection 
McKissock
OCTOBER 13, 2020
The appraisal establishes the value of the property for mortgage insurance purposes only. Subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed,” if the property is under construction. Other conditions requiring inspection.
HomeLight
OCTOBER 24, 2022
Remodeling Magazine estimates project costs using Clear Estimates remodeling software , creating detailed construction estimates for each project, and adjusting the cost for each market to account for pricing variations. Fixed-rate loan, commonly a second mortgage. The lender releases funds as work progresses, subject to inspections.
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