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Old 10-28-2005, 02:29 PM
Dick Watson
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Default Re: new mortgage account -- shows up as "credit card" from online bank

Have you looked into Loan Accounts and Loan Payments? see the Money sample
data file for an example.

"M. Riethof" <M. Riethof[at]discussions.microsoft.com> wrote in message
news:3DC6D2C9-A292-431C-ABD7-141996735C12[at]microsoft.com...
- quote -

> I have a similar question, using Money 2005. I'm trying to set up my
mortgage
> in such a way that I can see the difference between paying off capital and
> paying off interest. It seems that the only way I can do this is to set up

my
> mortgage account in such a way that it shows that I'm paying off capital.

Of
> course, this means that the interest section is not included.
> Are there any other ways of setting up different accounts that you're

paying
> off, including the difference between interest and capital payments?
> Many thanks



 
Old 10-28-2005, 11:58 AM
M. Riethof
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Posts: n/a
Default RE: new mortgage account -- shows up as "credit card" from online bank

I have a similar question, using Money 2005. I'm trying to set up my mortgage
in such a way that I can see the difference between paying off capital and
paying off interest. It seems that the only way I can do this is to set up my
mortgage account in such a way that it shows that I'm paying off capital. Of
course, this means that the interest section is not included.

Are there any other ways of setting up different accounts that you're paying
off, including the difference between interest and capital payments?

Many thanks
  #-1  
Old 10-27-2005, 05:36 PM
Andrew Scott
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Default new mortgage account -- shows up as "credit card" from online banking

I have just bought a house, and also have a new mortgage. The mortgage
account was created at my bank a couple of days ago, and the first regular
payment will be Dec. 1.

In Money 2006, I created a new mortgage account. Today, when I updated my
online accounts (checking, savings and credit card), Money automatically
detected a fourth bank account (i.e. the mortgage) and added it to my
account list. It defaulted the type of this account to "credit card" and
because it is an online-enabled account, I cannot change the type.

How do I adjust the account settings so that Money will use this account for
mortgage payments? I'm guessing that keeping it as a "credit card' account
will cause me to miss out on some loan/mortgage features of Money, but if I
delete it and use Money's standard mortgage account type, I will lose out on
the online updates. At a minimum, I need to delete one of these accounts so
that my net worth doesn't show two mortgage debts. If I delete the online
account, will Money insist on adding it every time I do an online update and
it detects the account?

Anybody else see this kind of behavior?

Thanks in advance,
Andrew


 

Tags
account, banking, credit card, mortgage, online, shows
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