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#1
10-02-2005, 03:25 PM
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 Re: Refinancing home loan = new loan? Sam wrote: - quote - > When refinancing a home loan what would be the best way to handle
A new loan is what you're actually getting. It makes sense to record the> that in Money? Would it be best to create a new loan account with the > new criteria and enter a transaction to show the previous loan as being > paid off or would it be ok to just change the details of the existing > loan to match the new criteria? It seems like setting up the new loan > would be the more proper way. Any comments? same thing in Money. |
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10-02-2005, 05:18 AM
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| Re: Refinancing home loan = new loan? I'd recommend the new loan. See http://umpmfaq.info/faqdb.php?q=86. "Sam" <neverchecked40[at]hotmail.com> wrote in message news:1128229505.039800.29940[at]g47g2000cwa.googlegroups.com... - quote - > When refinancing a home loan what would be the best way to handle > that in Money? Would it be best to create a new loan account with the > new criteria and enter a transaction to show the previous loan as being > paid off or would it be ok to just change the details of the existing > loan to match the new criteria? It seems like setting up the new loan > would be the more proper way. Any comments? |
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#-1
10-02-2005, 05:05 AM
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| Refinancing home loan = new loan? When refinancing a home loan what would be the best way to handle that in Money? Would it be best to create a new loan account with the new criteria and enter a transaction to show the previous loan as being paid off or would it be ok to just change the details of the existing loan to match the new criteria? It seems like setting up the new loan would be the more proper way. Any comments? Thanks, Sam |
| Tags |
| home, loan, refinancing |
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