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by dvvogel
Thu Feb 11, 2016 10:10 am
Forum: Accounting
Topic: Mortgage Refinance with Additional Advance
Replies: 1
Views: 563

Mortgage Refinance with Additional Advance

We recently refinanced our mortgage. The mortgage balance before the refinance was $91,900.61. We received a $120,000 advance directly deposited into our checking account. That $120,000 needs to go into our Parking Lot Fund. The mortgage balance after the refinance was $211,900.61. I am struggling w...