How to record a cash out refinance and new mortgage into quickbooks ?

Hello there, @ann69.
 

I'm here to help you record your cash out refinance and new mortgage in QuickBooks Online.
 

We can record your new mortgage as a Long term liability. 
 

Here's how: 
 

1. Go to Accounting menu and choose Chart of Accounts.
2. Click the New tab button. 
3. Tap the Account Type drop-down menu, then select Long Term Liabilities. If you plan to pay off the loan by the end of the current fiscal year, choose Other Current Liabilities.
4. Press the Detail Type drop-down, then select Notes Payable.
5. Fill in details such as Name, Number, Description, and Currency fields. 
6. Choose when you want to start tracking the money from the  dropdown arrow. 
7. Type in the full loan amount as a negative amount. Future payments to the bank are a liability for your business, the amount should be negative.
8. Then, click Save and close.
   
   

For additional information, check out this article: Set up a loan in QuickBooks Online. 

Then, in the provided article, proceed to Steps 2 and 3 to record the money you received and the loan payment.
 

For your cash out refinancing, please refer to this article: Cash out refinancing. 

I'd also suggest you refer to your accountant on what account to use in recording your mortgages and cash out refinancing, for further assistance and other options.
 

You might also check out this article if you want to know more details about the amortization of debts and assets in QuickBooks Online. 

If there's anything I can help you with in managing your business in QuickBooks Online, just let me know. I'm always happy to help. Enjoy the rest of the day!

Thank you Alaina,

My apology for the delayed response it took me a while to find my post. I am pretty new to QB but I'm going to try your solution. I will respond if I need more assistance. Happy Holidays!