[GNC] mortgage refinance

[Derek Atkins]

Peter,

On Sun, March 21, 2021 10:07 am, Peter West wrote:
> What’s the other side of the new loan set-up? Cash at bank?
>
> So
> Liability	Loan A	100,000 Cr
> Liability	Loan B	105,000 Cr
> Asset	Bank	105,000 Dr

This is wrong -- your Debits and Credits don't sum to zero.

>
> Then
> Asset	Bank	100,000 Cr  -> 5,000 Dr
> Liability	Loan A	100,000 Dr -> Zero balance
> Liability	Loan B	105,000 Dr
>
> Like that?

I think I understand what you are trying to say, and *I'm* very confused
by what you are saying!!!

-derek

>
> Peter
>
> —
> Peter West
> pbw at ehealth.id.au
> “Now is the judgment of this world; now will the ruler of this world be
> cast out.”
>
>> On 21 Mar 2021, at 11:42 pm, D via gnucash-user
>> <gnucash-user at gnucash.org> wrote:
>>
>> New loan gets a new liability account. Transaction from new loan top old
>> loan pays off old loan. Old loan goes to zero, is reconciled, and can be
>> set as placeholder and hidden, if desired. Future transactions pay new
>> loan.
>>
>> On Mar 21, 2021, 09:26, at 09:26, Parker Graham <plg57 at gmx.com> wrote:
>>> 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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-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant