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Old 08-25-2004, 06:03 PM
Glyn Simpson, MVP
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Default Re: interest only mortgage

Leave the payment blank in this case and enter the interest rate. Money
allows you to leave one of the entries blank, which it will then calculate.

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money
"Susan" <anonymous[at]discussions.microsoft.com> wrote in message
news:c31101c489fc$782c4e70$a501280a[at]phx.gbl...
- quote -

> I too have an interest only loan...but my payment varies
> but I know the interest rate do i enter any differently?
> > -----Original Message-----
> > In microsoft.public.money, Mychal wrote:
> > > > How do I set up Money 2004 to handle an interest only
> > > home mortgage? I have tried multple scenerios but still
> > > can not figure out how to get this set up
> > > Set it up with a balloon payment equal to the borrowed

> amount.
> > > If you know the payment amount, leave the interest rate

> blank for
> > Money to calculate.
> > > > .

>


  #2  
Old 08-24-2004, 06:04 PM
Susan
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Posts: n/a
Default Re: interest only mortgage

I too have an interest only loan...but my payment varies
but I know the interest rate do i enter any differently?

- quote -

> -----Original Message-----
> In microsoft.public.money, Mychal wrote:
> > How do I set up Money 2004 to handle an interest only
> > home mortgage? I have tried multple scenerios but still
> > can not figure out how to get this set up

> Set it up with a balloon payment equal to the borrowed

amount.
> If you know the payment amount, leave the interest rate

blank for
> Money to calculate.
> .

  #1  
Old 08-21-2004, 05:55 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: interest only mortgage

In microsoft.public.money, Mychal wrote:

- quote -

> How do I set up Money 2004 to handle an interest only
> home mortgage? I have tried multple scenerios but still
> can not figure out how to get this set up


Set it up with a balloon payment equal to the borrowed amount.

If you know the payment amount, leave the interest rate blank for
Money to calculate.


 
Old 08-21-2004, 05:53 PM
Glyn Simpson, MVP
Guest
 
Posts: n/a
Default Re: interest only mortgage

When putting in the details, leave the interest rate blank, and set the
'balloon amount' to be equal to the value of the loan.

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money
"Mychal" <anonymous[at]discussions.microsoft.com> wrote in message
news:a70e01c4879e$5c10bd80$a401280a[at]phx.gbl...
- quote -

> How do I set up Money 2004 to handle an interest only
> home mortgage? I have tried multple scenerios but still
> can not figure out how to get this set up



  #-1  
Old 08-21-2004, 05:46 PM
Mychal
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Posts: n/a
Default interest only mortgage

How do I set up Money 2004 to handle an interest only
home mortgage? I have tried multple scenerios but still
can not figure out how to get this set up
 

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interest, mortgage
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