Thanks for the feedback. Given the different context, the best I was hoping
for was that it would help you frame your problem in workable terms. Glad I
could help. Post back in the future with Money issues/questions!

"Justin Thyme" <jit[at]aol.com> wrote in message
news:OwF4vetRGHA.1608[at]TK2MSFTNGP09.phx.gbl...
- quote -

Hello Dick,

Thanks for the advice. I did it a little different, but the article got the
old brain work and sent me down the right path.

Best Regards


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:eMlAKTVRGHA.5552[at]TK2MSFTNGP14.phx.gbl...
- quote -

Step 1 is to make sure you know what the expenses and income are and what
you are actually financing. Presumably some careful study of the settlement
paperwork will clear this up. Beyond that, you might want to read
http://umpmfaq.info/faqdb.php?q=86. It's tailored to refinancing a mortgage,
but many of the issues are the same.

"Justin Thyme" <jit[at]aol.com> wrote in message
news:eARiplURGHA.4384[at]tk2msftngp13.phx.gbl...
- quote -

Hello All,

I would like to know how to setup a second mortgage. I can use the wizard
and it works fine, but, i have a few other charges etc that I'm not sure
what to do with.

Here is what it looks like, (not real numbers)

Loan Principal = 5000.00
Prepaind Finance Charge = 50.00

Amount Financed = 4950.00

Amount Given to me directly = 2500.00

To Public officials for Security Intrest = 10.00

To Appraiser = 100.00

For tile exam 20.00

To Pre-arranged account = 2370.00


So what I would like to see in Money is:

1) The mortgage amount that I can use the wizard to setup (payments,
keep track of intrest etc)
2) The cash realized from the mortgage deposited in my checking
account.
3) The amount that was deposited directly from the Lender to the
pre-arranged account.

Q1) How do I set this up? Do I use the Mortgage wizard setting the opening
balance equal to the principal amount, then enter the fees against the
pricipal?
Q2) The second mortgage provided me with cash, How do I transfer (or record)
the loan principal to my checking account?

Any suggestions will be welcomed.
Thanks