[GNC] mortgage refinance

[Parker Graham]

not following, please give me example such as original loan is
100,000.00 refi loan is 105,000.00

thanks

On 3/21/21 9:36 AM, pyz01 at cox.net wrote:
> 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
>
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see
> https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>