[GNC] mortgage refinance
pyz01 at cox.net
pyz01 at cox.net
Sun Mar 21 09:36:55 EDT 2021
Several ways to do this. Here is the easiest way I know:
Mortgage Loan (start loan B) Increase - Loan Amount
Mortgage Loan (start loan B) Decrease -Principal Amount remaining
from Loan A
Net result - New loan amount before first payment. Now the two entries are
actually the net result of a split transaction entry that comes right from
the closing statement received from the mortgage company. If you follow
that statement - you should be good to go.
Hope that helps.
-----Original Message-----
From: gnucash-user <gnucash-user-bounces+pyz01=cox.net at gnucash.org> On
Behalf Of Parker Graham
Sent: Sunday, March 21, 2021 6:25 AM
To: gnucash-user at gnucash.org
Subject: [GNC] mortgage refinance
Have mortgage set up in system but refinanced it and need help on how to
payoff existing loan and set up new loan
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