Usually refers to the date in which loans are recorded, but there are exceptions.fixed-rate mortgageA mortgage in which the interest rate does not change during the entire term of the loan.fixturePersonal property that becomes real property when attached in a permanent manner to real estate.flood insuranceInsurance that compensates for physical property damage resulting from flooding.

What type of transaction is it....fix and flip, buy and hold, is it a permanent loan, a bridge loan, rehab, ground up construction, etc....It could be 7 days to 6 months or longer, it all depends. 

Don't get me wrong, I absolutely agree that some individuals will be permanently put out of work.   

This is a permanent brick slab on grade home not a modular.

If they decide to permanently move the fighters elsewhere and close the base, the area will suffer.

@Caleb Webster The Troost developments are permanently changing Kansas City.

If you vote yes, you will cap the property tax increases to 10% permanently.

And a duplex and always be reconverted to a single family home so the changes are not permanent.

I like the LOC approach as the closing costs are less however this isn't good for permanent financing. 

@Christopher PhillipsThanks Christopher for your comments.Yes there is some fat in the deal.