Question

New home with new loan in 2022

Forum|Forum|2 years ago
April 7, 2024
1 reply
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Hi,

In 2022, i bought a newly constructed home.

In the Mortgage interest, section. I have entered it as a new loan

For the question

Is this loan equity line of credit or refinance of a previous loan

A. This loan is equity line of credit

B. This is a refinance of previous loan

C. This loan is neither of this

Selected option C

When i run the smart check tool i get an error

Refi must be entered

A.No entry

B. refinance Yes

C. refinance No

I selected C, but my loan was marked as a refinance loan.

Please suggest

Z

zomboo

When you say you entered the loan as a new loan, what entry did you make to indicate that it is a new loan? There is a couple of boxes on the points page for a New Loan. Did you check either of these? New loans are ones originating in 2023. Your loan originated in 2022.

P

pm0009Author

Hi zomboo,

Thanks for the response. There was nothing to select, i had to click on "Add a Lender" and add my 1098.

Z

zomboo

I am trying to figure out what entries you made you could have made that would cause this. One would be you selected 'This loan was paid off or refinanced in 2023'. Another thing would be that you selected 'Not the latest 1098' on the 'Tell us about your loan' page.