home equity on land value?
does anyone know if it's possible to get a home equity loan based on the value of the land (not the home)? we're trying to figure out the best way to finance a rebuild after a major housefire. we know there will be a differential between what the insurance covers and what the cost will be. if it's a smaller amount i was wondering if a home equity loan would be possible, thinking that might be preferable to a full out construction loan. with thanks, j.