Mortgage Refinance

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sica
Posts: 17
Joined: Mon Apr 18, 2005 5:21 pm
Location: SICA

Mortgage Refinance

Post by sica »

We refinanced our mortgage. The loan amount was $121,000.00. Our payoff was $45,044.13. There are also several other fees. Our new loan balance is $74,965.37. I have no idea how to enter this information. I will greatly appreciate any help.
Thanks,
Tracey
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Matt
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Posts: 733
Joined: Fri Dec 05, 2003 4:04 pm
Location: Jacksonville, AL

Post by Matt »

If you can provide details of the line items shown on the closing document I can give you the accounting entry you need to make.
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