A home equity line of credit or a refinance is referring to types of mortgage financing. If you have equity in your home, you could apply for a home equity line of credit. This is a loan that is available if you have major expenses for your home. You only use what you need.
A refinance is when someone refinances their home to either reduce their interest rate or possibly pull some of the equity out of the house for a major home repair or expenses.
If the loan that you entered interest for is one of these types of loans answer YES. If this is your original mortgage, then the answer is NO.
