I have a similar (but more complex) situation to that of the topic originator. I refinanced my loan back in 2016, then the refinance lender A sold my loan to the lender B in a month or two (still in 2016).
I had been paying the lender B since there until the middle of 2021. In the middle of 2021, the lender B sold my loan to a lender C. Naturally, I got two 1098 forms for the year 2021. In the form 1098 from the lender B, the "11 Mortgage acquisition date" field is empty, and in the form from the lender C, this field refers to the date in 2021 when my mortgage was transferred from the lender B to the lender C.
However, I would prefer to report the two 1098s separately for each lender B and C instead of a joint report.
Now back to the "Is this loan a home equity line of credit (HELOC) or a refinance of a previous loan?" question.
I did use all of my home mortgage loan(s) to buy, build, or improve my home, so neither of the loans (from the lender B and the lender C) is a HELOC one which I understand.
About the "Is this loan ... a refinance of a previous loan?" part of the question, the loan from the lender B is not a refinance because the refinance lender A sold my loan to this lender B in 2016. The current loan from the lender C is obviously not a refinance one either.
So for both loans from the lenders B and C the answer to "Is this loan ... a refinance of a previous loan?" is NO so the common answer to the whole question "Is this loan a home equity line of credit (HELOC) or a refinance of a previous loan?" is NO for the loans from the lenders both B and C.
On the other hand, the forms 1098 from both lenders B and C state 2016 as a mortgage origination date. This may cause me to have to say YES to the "Is this loan ... a refinance of a previous loan?" question because even if my loan was sold to B and then to C after the refinance, these loans still have the loan origination date back to 2016 - the year of refinancing.
Please help me figure this out.
Thank you!
