See http://umpmfaq.info/faqdb.php?q=86.

"ntf" <anonymous[at]discussions.microsoft.com> wrote in message
news:1a47a01c41dd1$fefb02d0$a401280a[at]phx.gbl...
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Hey NTF,

I posted the same question a little earlier than you,
because this has stumped me for a few months. I called
Money Customer Service and the woman was worthless. With
everyone refinancing these days you would think they
would have this built into the 2004 edition. In any
event, I think I have the solve, I haven't tried it
myself yet but let me know if it works. I was going to
set up a loan with a balance of $1. Then go into the
loan account and create a transaction crediting that $1.
Then create an additional transaction for your refi-loan
amount and in the split categories screen, apply all of
your expenses and credit the transfer accounts for your
previous mortgage. Your prior mortgage account should be
zero and all financing expenses should be accounted for.
Good luck!
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Yes, many have gone through this before---take a look at
http://umpmfaq.info/faqdb.php?q=86

"ntf" <anonymous[at]discussions.microsoft.com> wrote in message
news:1a47a01c41dd1$fefb02d0$a401280a[at]phx.gbl...
- quote -

I hope someone out there has been through this and figured
it out. I'm trying to figure out the best way to record
our mortgage refinance. If I simply set up a new mortgage
account, it requires the loan amount and then I don't know
how to show what that loan paid off. If I simply go in
and change account details on the old loan, how do I show
money used to pay off a second? I'm very confused as to
the best way to do this and I appreciate any help.

ntf