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, py...@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....@gnucash.org> On Behalf Of Parker Graham Sent: Sunday, March 21, 2021 6:25 AM To: gnucash-user@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@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.
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