Thanks again for the information:

My goals are simple to more complete:
simple: I can just model the reverse mortgage as 'additional income' in the
lifetime planner and not worry about the amount that is due at the end of
the plan
complete: in addition to the 'income' I would like to be able to track the
amount due on the reverse mortgage at the end of the plan

TIA


"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:%23kerC9kEFHA.1524[at]TK2MSFTNGP09.phx.gbl...
- quote -

I'm thinking it may involve a $0 payment, X% interest, and a balloon which
you may have to arbitrarily set. Create a deposit in Bills and Deposits with
the (hidden) categorization of 'Principal Transfer' in the amount of the
regular deposit.

If your goal is to create a reverse amortization table, I don't think you'll
be successful. Barring that, I don't know if there's a great advantage to
doing it this way versus just creating a Line of Credit account and entering
the interest rate. That assumes the interest rate is fixed.
--
Chris Cowles
Gainesville, FL


"quest" <quest[at]abc.com> wrote in message
news:uKTeW2gEFHA.3536[at]TK2MSFTNGP15.phx.gbl...
- quote -

thanks!!! ... I will sort through the information you provided


"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:uxy6w0eEFHA.3924[at]TK2MSFTNGP09.phx.gbl...
- quote -

I've never tried it but have successfully modeled an accurate closing
transaction that creates the initial principal balance of a loan. That
involves creating a $0 loan with specified payment and interest opened on
day 0. On day 1, the closing transaction includes a 'principal transfer'
from the loan account to the payee. Details are in Dick Watson's FAQ
available at http://umpmfaq.info/faqdb.php?q=86. Search for my name (below)
on that page to get to the section describing it.

Perhaps some similar trickery could be used with a loan out rather than a
loan in. It would take frustrating experimentation but might work. One thing
I'm sure of is that, if you do this (open a loan with $0 principal),
transactions affecting the balance cannot take place on the opening day of
the loan.

Back up first, and confirm that you can restore from the backup, before
messing around with this. I think it would be essentially harmless because
you can always delete the loan account. Unfortunately, deleting some
scheduled transactions leaves vestiges in your budget that you can't get rid
of.
--
Chris Cowles
Gainesville, FL



"quest" <quest[at]abc.com> wrote in message
news:%23L%23giBaEFHA.3972[at]TK2MSFTNGP15.phx.gbl...
- quote -

Has anyone modeled a reverse mortgage in the lifetime planner? TIA!!