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What if a borrower owns a lot free and clear and wants to get cash back on the equity from the construction loan?

April 26, 2017borrower cash clear Construction equity Free loan owns wants

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What if a borrower owns a lot free and clear and wants to get cash back on the equity from the construction loan?

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Any requests for cash-back are subject to Construction Loan One approval and would be available only through the final disbursement of funds upon satisfactory completion of the home per the Construction Loan Agreement and only if the construction loan is not in default.