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Quicken Classic for Windows
Registers & Transactions (Windows)
Question Regarding Refiance
f_stopblues
So I recently closed on a refinance, and before the refi, the remaining balance was $393,151. After it closed, the balance on the new refi is $394,000. How should I account for the difference of $849?
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Accepted answers
Boatnmaniac
You should set up a new mortgage account for the refi. Then pay off the old mortgage with a transfer transaction from the new mortgage account and enter additional category lines for the other miscellaneous closing costs associated with a refi (such as, old mortgage interest, points, etc.). You might find the following thread helpful:
https://community.quicken.com/discussion/comment/20087981#Comment_20087981
.
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Boatnmaniac
You should set up a new mortgage account for the refi. Then pay off the old mortgage with a transfer transaction from the new mortgage account and enter additional category lines for the other miscellaneous closing costs associated with a refi (such as, old mortgage interest, points, etc.). You might find the following thread helpful:
https://community.quicken.com/discussion/comment/20087981#Comment_20087981
.
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