I'm refinancing my mortgage, going with a new lender
Sorry if this is under the wrong category, I couldn't find an appropriate one. So I'm refinancing my mortgage, and the new loan amount will pay off a home equity loan in addition to the original mortgage. I am able to set up the new mortgage account, but I don't know what entries to make to zero out the original mortgage and the home equity loan. The closing is tomorrow (7/12), the first payment won't be due until September, I'm guessing. Any suggestions would be appreciated! Thanks in advance.