Construction & RenovationHomebuying Glossary
Draw Schedule
A plan for releasing construction loan funds in stages as project milestones are completed.
In plain English
A draw schedule breaks a construction or renovation loan's funds into installments (draws), released as specific project milestones are verified complete, rather than paid out all at once upfront.
Why it matters
Understanding your draw schedule helps you and your contractor plan cash flow and avoid delays waiting on the next disbursement.
Where you'll run into it
Guides and tools on TheBuyingPath that cover draw schedule in context.
Related terms
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