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We have a refinanced mortgage on our home in which we still owe $197,000. We would ultimately like to tear down our current house and rebuild on the same lot. Can we do this without paying off the mortgage first?

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Anonymous Posted

We have a refinanced mortgage on our home in which we still owe $197,000. We would ultimately like to tear down our current house and rebuild on the same lot. Can we do this without paying off the mortgage first?

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