Re: Refinance balance higher than original loan
Level 15

Home loans

For the new loan of $593K., the amount you enter to "buy, build or improve" is your acquisition debt.  That would be the amount of the original paid off loan (if it was all acquisition debt) plus your closing costs on the new loan but not including the escrow or cash out.

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
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