# How to handle mortgage refinance?

**URL:** <https://community.stessa.com/t/how-to-handle-mortgage-refinance/3466>\
**Category:** Setup & Support\
**Created:** [August 22, 2021, 12:47am UTC](https://community.stessa.com/t/how-to-handle-mortgage-refinance/3466 "2021-08-22T00:47:15Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![efgventuresouth](https://avatars.discourse-cdn.com/v4/letter/e/b9bd4f/32.png) [@efgventuresouth](https://community.stessa.com/u/efgventuresouth)\
**Post date:** [August 22, 2021, 12:47am UTC](https://community.stessa.com/t/how-to-handle-mortgage-refinance/3466/1 "2021-08-22T00:47:15Z")

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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.

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**Author:** ![devin](https://yyz2.discourse-cdn.com/flex032/user_avatar/community.stessa.com/devin/32/8_2.png) [@devin](https://community.stessa.com/u/devin)\
**Post date:** [September 14, 2021, 1:07am UTC](https://community.stessa.com/t/how-to-handle-mortgage-refinance/3466/2 "2021-09-14T01:07:25Z")

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@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](https://app.stessa.com/transactions) will of course remain in place as they are required for accurate reporting, etc.