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I am in the process of trying to purchase a lot of land right side of my property for 15000 from same owner. What I need to know is if it is possible to add the land purchase into a home mortgage refinance.

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    Refinancing pays off the old mortgage and creates a new one, right? (I've never had to refinance, so am not sure.) So it seems logical, but the mortgage broker would know for sure. – RonJohn Jan 11 '18 at 19:41
  • Will the land stay clear or do you plan on building on the land? If the latter, will it be a separate dwelling or an extension of the existing dwelling? – D Stanley Jan 11 '18 at 19:43
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    Country? It might make a difference. – mhoran_psprep Jan 11 '18 at 19:44
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    I'm not sure I'd call a refi an "existing mortgage". – Beanluc Jan 11 '18 at 22:32
  • I doubt the lender will want to have a single loan collateralized by two separate parcels. If not, you can have the two parcels combined into one. But there may be other reasons not to combine them, such as: 1) it might make it impossible to build a second house; 2) it might increase property taxes; 3) It might make it impossible to later sell them separately. Combining lots seems to be easier than splitting them. – prl Jan 12 '18 at 9:48

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