If I am to draw parallels from that crisis, we may not see the markets bottom out until late 2021 - 2022.

The bank would then keep the loan in a escrow account and only allow draws for housing costs such as rent and utilities.  

I thought we were about 80% done with the job (based on his statements and the draw schedule), and we found out my roof was leaking (it's so old) and needed to be replaced. 

They tend to draw families that stay longer.

In my state it can draw interest but does not have to.

The draw back here is not only a higher rate, but also a shorter term, along with higher transactional costs and the need to refinance every five or so years.

A couple of college friends and I wanted to startup a business by doing small jobs together on the side while gaining experience at firms once we graduate.If anyone is in need of architectural plans or drawings on a home renovation for a contractor or handyman to go by, I would be happy  to help :)I have all the software needed to draft efficiently and effectively (AutoCAD, Revit, etc.)

I have no problem with completion draws - these are normal and you should expect to pay these.

Yes an agent can handle a deal like this but you still definitely need an attorney to draw up the documents.

The construction funds are typically released in draws where you would advance the work first, then he would inspect and reimburse you based on your pre determined budget.