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Updated over 8 years ago,
HELOCS AND LAND
Good morning!
Is the value of the land included to the appraised value of the house when the bank is assessing a HELOC for you? I am building a house on 12 acres of land, and was wondering if it will be: appraised value of house + appraised value of land = total value of property that HELOC is based off of?
Thanks guys!