I don't understand this question, Is this loan a home equity line of credit or a loan you've ever refinanced?

[KrisD15]

If this is the loan you took out to purchase the house, it is only an original loan, even if it changed lenders (was sold to a different bank).

In this case the answer is No.

If you took out a loan, and then you went to the bank and "Refinanced" (ended the first loan and took out a different loan OR kept the loan but pulled out cash), making the loan larger) then you would answer Yes. 

[salvation5050]

Thank you for your response! I was not comfortable doing my own income tax return. I have given it to a professional to do it for me.
Thank you again!
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Yolanda

[Bguffb10]

Yes but it uses the term "This Loan" implying that you refinanced the same loan. What if you refinanced with a different lender essentially changing the loan. Are you not buying the house all over again with them?  

[AmyC]

No. Some people refinance for lower rates but many people cash out for other things. That interest used for other things is not deductible.

It does not matter if loan 1 or loan 10, "this loan" means the one you are typing in to determine if it is a refinance or HELOC. Loan 1 would not be a HELOC or loan that was refinanced. While loan 2 would be a loan that was refinanced or HELOC.

@Bguffb10

[Geo1234]

The problem is the language in the dialog is ambiguous and poor use of language.  It's akin to "did you park your car at the fast food restaurant or did you buy a hamburger?"  Your could have done both or neither or each, but the questions are unrelated.

[Geo1234]

There is no such thing as refinancing the same loan, technically, you pay off the existing loan during settlement of the new loan.  There is a payoff and a new loan, and they should  be differentiated and asked about separately in the stupid dialog.