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Old 01-09-2006, 12:13 AM
Dick Watson
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Default Re: Mortgage Payments from a Cash Accounts

What I'd do:

Setup a Cash Account to hold the bi-weekly payments.

Setup a Loan Account to reflect the mortgage.

Setup a recurring Transfer from, say, checking to the Cash Account.

Setup a recurring Loan Payment from the Cash Account to the Loan Account.

"Steven Miller" <StevenMiller[at]discussions.microsoft.com> wrote in message
news:4D814556-E387-42D7-9B8E-A0F1F79B8693[at]microsoft.com...
- quote -

> I make every other week payments to my lender, who holds the funds and
> then
> makes a mortgage payment on the first of the month. Money processes my
> every
> other week payments, but how do I set up the second half of the
> transaction?



  #-1  
Old 01-08-2006, 11:53 PM
Steven Miller
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Default Mortgage Payments from a Cash Accounts

Hi. I could use some help.....

I make every other week payments to my lender, who holds the funds and then
makes a mortgage payment on the first of the month. Money processes my every
other week payments, but how do I set up the second half of the transaction?

Thanks!
 

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accounts, cash, mortgage, payments
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