What does "debt on date last secured" mean? It's the line after "Fair market value of homes on date debt was last secured by home.

[MichaelMc · Accepted solution]

Debt on date last secured refers to the loan amount on the date that you most recently signed the papers for the loan (mortgage or deed of trust, promissory note). This may be the date on which you actually purchased your home, or a later date if you have refinanced your mortgage loan.