Previously refinanced home

sh-cantrell — Mon, 03 Jun 2019 20:12:32 GMT

I refinanced my home a few years ago and took out cash to pay my parents what they had put in for the down payment (when we originally bought it) and took them off the title.There is a question wanting to know if the money from the refinance was specifically for the home that the refinance was on.

Option A) Yes, I've used this loan only on the home I took it out on.

Option B) No, I used some or all on a different hom or on something other than a home.

Which should I choose?

Option A) Yes, I've used this loan only on the home I too...

AlanT — Mon, 03 Jun 2019 20:12:33 GMT

Option A) Yes, I've used this loan only on the home I took it out on.

Per your scenario, you are paying your parents back for the down payment, which was used for purchasing the home.

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Previously refinanced home

Option A) Yes, I've used this loan only on the home I too...