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Old 09-27-2005, 03:24 AM
Dick Watson
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Default Re: Interest-only m2006

You have the exact solution already in mind.

"Jeff.P" <jeffpratt[at]comcast-dot-net.no-spam.invalid> wrote in message
news:VcCdnXS9-_3yEaXeRVn_vQ[at]giganews.com...
- quote -

> How do I configure this. Is this different than making the balloon
> amount equal to the mortgage amount?



  #1  
Old 09-27-2005, 12:03 AM
Jeff.P
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Default Interest-only m2006

How do I configure this. Is this different than making the balloo
amount equal to the mortgage amount

 
Old 09-25-2005, 01:17 AM
Chris Cowles
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Default Re: Interest-only mortgage in 2006

Jeff.P wrote:
- quote -

> I'm having trouble setting up an interest-only mortgage in M2006. I
> have followed the wizard and made the balloon amount the same as the
> mortgage amount, typed in the principle+interest payment amount and
> had it calculate the interest rate.
> When I enter a transaction, it shows as a principle payment. How do I
> just have the payment apply to interest?


Revise the loan to have a terminal balloon payment equal to the principal.


  #-1  
Old 09-25-2005, 12:03 AM
Jeff.P
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Default Interest-only mortgage in 2006

I'm having trouble setting up an interest-only mortgage in M2006.
have followed the wizard and made the balloon amount the same as th
mortgage amount, typed in the principle+interest payment amount an
had it calculate the interest rate.

When I enter a transaction, it shows as a principle payment. How do
just have the payment apply to interest?

Please advise

Thank

 

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2006, interestonly, mortgage
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