>>76559892
You have some mix of both, if you have a hard time visualizing the difference but consider this picture.

These men carry a similar amount of fat, ~40% BF, but the man on the left has more visceral fat while the man on the right has more subcutaneous fat. See how the man on the left's fat is still held tight to his body? While the man on the right's fat sags and folds. The man on the left can lose the weight and have little to no loose skin, the man on the right will have loose skin after losing weight no matter what he does or how he loses the weight.