04-09-2005, 08:21 PM
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 Re: Interest Only loan The general answer for "interest only" is to set it up just as you have been but to specify the balloon amount equal to the initial principal. "stevev" <stevev[at]NOSPAMaddlebrain.com> wrote in message news:O$9xiyTPFHA.1396[at]TK2MSFTNGP10.phx.gbl... - quote - > How do you set up a home mortgage that is interest only for the first 5 > years? When you go through the "normal" setup Money splits the payment > amount into principal and interest. Should I use a loan type other than > mortgage? Any help appreciated. |
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#-1
04-09-2005, 07:52 PM
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| Interest Only loan How do you set up a home mortgage that is interest only for the first 5 years? When you go through the "normal" setup Money splits the payment amount into principal and interest. Should I use a loan type other than mortgage? Any help appreciated. |
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| interest, loan |
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