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#2
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| See also http://umpmfaq.info/faqdb.php?q=94. It pretty much says what's already been said. "Steve Roebuck" <steveroe[at]swbell.net> wrote in message news:eCgkSs17EHA.2196[at]TK2MSFTNGP14.phx.gbl... - quote - > I make a payment to a mortgage company that escrows for taxes and insurance > to be paid out at the end of the year. Who has suggestions as to the > easiest method of tracking this? |
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#1
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| I do exactly what John does as well, except that my mortgage payment is basically principal, interest and a transfer to my escrow account. My taxes and insurance are both paid out of my escrow account as that is how my mortgage is set up (taxes twice a year, insurance once a year). - The Merg -- Today's problems don't worry me, I haven't solved yesterday's yet. "John DeMastri" <john[at]demastri.dot.com> wrote in message news:uZzMO917EHA.2676[at]TK2MSFTNGP12.phx.gbl... - quote - > I have an escrow account setup in addition to my mortgage account. In my > mortgage payment, one of the split lines is a Transfer In to this account. > When taxes are actually paid, they're expenses on that account. > I'd handle Insurance as a split line on the payment - I don't know why that > would be any different than other split expenses (taxes from payroll for > example), but I don't know the specifics of your situation. > Hope this helps - > - John > MSMoney user since '99 > Successful non-Yodlee M05 user for 75 hours now ![]() > "Steve Roebuck" <steveroe[at]swbell.net> wrote in message > news:eCgkSs17EHA.2196[at]TK2MSFTNGP14.phx.gbl... > > I make a payment to a mortgage company that escrows for taxes and insurance > > to be paid out at the end of the year. Who has suggestions as to the > > easiest method of tracking this? > |
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| I have an escrow account setup in addition to my mortgage account. In my mortgage payment, one of the split lines is a Transfer In to this account. When taxes are actually paid, they're expenses on that account. I'd handle Insurance as a split line on the payment - I don't know why that would be any different than other split expenses (taxes from payroll for example), but I don't know the specifics of your situation. Hope this helps - - John MSMoney user since '99 Successful non-Yodlee M05 user for 75 hours now ![]() "Steve Roebuck" <steveroe[at]swbell.net> wrote in message news:eCgkSs17EHA.2196[at]TK2MSFTNGP14.phx.gbl... - quote - > I make a payment to a mortgage company that escrows for taxes and insurance > to be paid out at the end of the year. Who has suggestions as to the > easiest method of tracking this? |
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#-1
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| I make a payment to a mortgage company that escrows for taxes and insurance to be paid out at the end of the year. Who has suggestions as to the easiest method of tracking this? |
| Tags |
| escrow, handling, home, mortgage, payments |
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