For borrowers who already own the land, the loan can contain a refinance or cash-out component. If the land is owned free-and-clear (without any encumbrances), a cash-out component is not required.
For borrowers who already own the land, the loan can contain a refinance or cash-out component. If the land is owned free-and-clear (without any encumbrances), a cash-out component is not required.