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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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ToddL99
Expert Alumni

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?"

 "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.

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