answersLogoWhite

0

Yes, it is possible to tear down and rebuild a house with a mortgage. This process is known as a construction loan, where the mortgage is used to finance the construction of the new home.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Can I tear down a house with a mortgage on it?

No, you cannot tear down a house with a mortgage on it without permission from the lender.


Can you tear down your home as long as you are paying the mortgage?

No you cant because part of your mortage is for the land value and part is for the value of the structure/house.


How do you repair crumbling chimney?

You have to tear it down untill you get to stable brick. Rebuild from there.


Where can you find the diagram for 2003 suburban rear brakes?

You can go to any autozone or parts house and get any book on any year make of vehicle and most will have an complete tear down and rebuild and diagrams and schematics for the hole nvehicle You can go to any autozone or parts house and get any book on any year make of vehicle and most will have an complete tear down and rebuild and diagrams and schematics for the hole nvehicle


Can you buy a second house on animal crossing lets go to the city?

Not trying to be picky but its called Animal Crossing City Folk! No you can't live in the house you tore down! Once you tear down the house you tore it down, its gone. But once you tear down a house keep in mind you tear down a account but once you tear down the house you can make a other account and live in that house!


How do you fix an International td-91 stuck in reverse?

Tear down and rebuild the transmission, or replace it.


How do you rebuild a 1979 dodge d-50 engine?

buy a haynes book there about 30 bucks. it has a complete tear down and rebuild of the entire car


If you have a mortgage and you tear down the house you had when you got the loan do you have to have insurance until you have rebuild.?

If there is any type of structure on the land it will require insurance..but "raw land" does not require insurance. During to course of construction you will have to carry insurance on the property in case of fire or other hazards. Most lenders want the coverage to be equal to the amount of the loan balance.


Can you tear down a house if you still owe on it?

No, you cannot tear down a house if you still owe on it because the house serves as collateral for the loan, and destroying it would violate the terms of the loan agreement.


How to unlock a Chevy engine?

Tear it dowm and rebuild.


How do you use tear down and build in one sentence?

The person who bought the property plans to tear down the existing house and build a new one.


Did Jack Nicholson tear down Marlon Brandos house?

He had it torn down because it was dilapidated.