Hi Experts in the house, can you kindly give me an opinion of what you guys think about the below scenario. I am about to apply for a construction loan and i am hoping that i can pull out some equity in the process. I don't even know if this is something that is feasible or not. See specific scenario below I owe 220 Thousand dollars on a piece of land. I am looking to build a 300 Thousand dollar house out of which i will pay 30 thousand dollars upfront. So effectively, my loan should be 490 Thousand dollars when the building is completed. Since the bank will order a valuation of the property before the build is commenced. Hypothetically, If the valuation of the property comes back as 600 Thousand dollars. Will i be able to borrow 90% of that which will be 540 Thousand dollars ? Considering that i only need 490 Thousand dollars to complete the build. Will the bank allow me to pull out the 50 Thousand dollars equity at the time of the build assuming that i meet serviceability requirements ?