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 <pl...@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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