Refi and remove additional lots from loan.

[Daniel Klucas]

I have a question about doing a refi on a property in Atlanta. It is our primary residence the home was purchased with three additional lots adjacent to the house. We used a 203K to purchased and renovate. So its time to dump that PMI!

Since renovating last year a few new builds slightly bigger than mine came up but being listed 100k more than my loan amount. Also a few other rehabbed home half the size of mine have sold or are listed now for around my loan amount. So we should have appreciated a good bit. If we refi can the additional lots be signed over free and clear since there is so much value in the house now. We'd like to sell the lost off for profit or develop them ourself and built new homes on them. 

Still learning real estate and want to make the best moves. 

Thanks.