If i own a house, with a lot next door with 2 seperate mortgage loans, how can i turn it into 1 payment?

I own a home, and i own the lot next door which has nothing built on it. They are both financed by different banks. I would like to get both of them and have 1 mortgage payment, like a re-fi for both of them in 1 note. I was told that i needed to re-plat my land in order for this to be possible. What suggestions do you have? I wanted to get money out of this to pay off debts that i have, but with the refi it problably wont be enough. if my home appraisal comes out higher than what i bought it for, should i sell it to my common law wife to get that extra cash?

Register New Account
Reset Password