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#1376013 - 04/17/10 04:15 PM refi or purchase
newbe Offline
Member
Joined: Mar 2008
Posts: 67
loan to refi the existing loan for current residence and purchase a second home. is it reportable as refi or purchase? I thought the purchase trumps the refi but it is secured by current home which is being refinanced?!Help please?

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#1376022 - 04/17/10 05:50 PM Re: refi or purchase newbe
jlroberts Offline
Diamond Poster
jlroberts
Joined: Sep 2009
Posts: 1,601
Ohio
Purchase - think of what the "funds" are used for.

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