Thanks, Dave. My questions are not appearing exactly as you have laid out; however, I think I get the jest. In a previous query regarding the response to the question about if the cash taken was used for the home, in my case, cash was taken to cover some of the closing costs, an "expert" said that I should say "No" to the question. So I'm not sure which is the correct answer. When I respond "yes", as you have suggested, I don't get the follow-up question about how much of the loan was used to buy, improve, build. If I say "No" to the question, as the previous "expert" recommended, then I'm asked the question. So:
Are funds taken in a refi to cover closing costs a use of funds to "buy, improve, or build" the house the loan is secured by? and
If the answer is "no", do I put the payoff for the previous loan in response to the question on "how much" of the funds were used to "buy, improve or build" the house?
