Asked by ivymwood, 17222 • Sun Dec 9, 2012
We own 3.5 acres with one existing home. We considered building a very large 1500sqft addition to the existing home, which was fine with the bank (6 months ago). Put plans on hold to really think about things, and have now decided we want to build an entirely separate 2nd home (still 1500-1800sqft) on the property - since there's plenty of land. Can we use the equity in the current home/property to get a loan do this?
Real Estate in Fayetteville
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