I’m trying to figure out the best way to handle the refinance of a loan. I do see an option to show the loan is paid off. Is there a way to do this vs deleting the current loan and creating a new one for the property in question. Also, would be great if there’s a way to create 12 month bridge mortgages that include a separate balance for construction holdback.
@efgventuresouth The current best practice in Stessa is to simply delete the paid off mortgage and generate a new mortgage card for the new loan. We understand this is less than ideal from a historical perspective, but the system is not currently designed to archive prior mortgage details.
Prior mortgage payments present on your Transactions page will of course remain in place as they are required for accurate reporting, etc.