Have a loan where the lender financed bare ag land, secured by mortgages on the land. At the time of original purpose there were no buildings and no home, not reportable.

Now she wants to refinance the remaining amount to term into yearly Ag payments, she is not doing a new mortgage (tied back to the original ones), but their home is now on the land that is on the mortgages.

Reportable as a refi?

This will depend whether the existing loan is secured by the dwelling that is now located on the land. It would be my opinion that the existing mortgage(s) does cover "all" improvements therefore making the existing loan secured by the dwelling, and if using the existing mortgage(s) that is secured by the dwelling makes your new loan secured by a dwelling therefore meeting the definition of a refinancing.

Thanks Dan. That is what I was thinking too, but I thought I would run it by everyone. My brain is a little mushy, already thinking ahead to the weekend!