How to refinance a mortgage

JimR KD1YV at oneyv.org
Fri Jun 24 10:17:19 EDT 2016


I had a 30 year fixed rate mortgage in GNUCash.  I have refinanced it to 
a 5/1 adjustable rate (same bank, if it matters).  The bank essentially 
closed out the old mortgage, and created a new one.

How should I close out the old mortgage, applying principal from the 
funds of the new mortgage?

Thanks,
JimR



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