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New Member
posted Feb 15, 2021 4:30:03 PM

I did a cash out refi on my house last year. I don't know how to answer. "Is this a loan I've refinanced?"

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1 Replies
Expert Alumni
Feb 20, 2021 10:43:19 AM

 "Is this a loan I've refinanced?" The answer is "Yes".

 

If you did a "cash-out" refinance of an existing mortgage, then it is still a loan that you refinanced, even if for a higher amount in order to take out cash equity from your home.