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Old 12-31-2004, 08:38 PM
Dick Watson
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Default Re: Handling Home Mortgage with Escrow payments

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?



  #1  
Old 12-31-2004, 04:53 PM
The Merg
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Default Re: Handling Home Mortgage with Escrow payments

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?

>
 
Old 12-31-2004, 04:36 PM
John DeMastri
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Posts: n/a
Default Re: Handling Home Mortgage with Escrow payments

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?



  #-1  
Old 12-31-2004, 04:06 PM
Steve Roebuck
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Posts: n/a
Default Handling Home Mortgage with Escrow payments

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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escrow, handling, home, mortgage, payments
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