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#1
02-19-2007, 11:28 AM
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 Re: Mortgage refinance with debt payoff See also http://umpmfaq.info/faqdb.php?q=86 which has a more general treatment of all of the steps involved in a refi. "E Sanchez" <ESanchez[at]discussions.microsoft.com> wrote in message news:1804382F-754D-4F2F-BEA3-1F99BC1C5B6D[at]microsoft.com... - quote - > How do I record a mortgage refi with debt payoff of credit cards and a car > loan? I have the first mortgage set up as a loan for 355K and the home is > listed as an asset for 370k. I need to pay off the loan, credit cards and > the > car loan. The home has appreciated so I need to adjust the balance of the > asset also. Money 2005 won't allow me to use the "transfer payment" to pay > off the car loan. Any suggestions? |
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02-19-2007, 08:32 AM
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| Re: Mortgage refinance with debt payoff Use Principal Transfer, which is the category a loan uses for the principal parts of a payment. You may need to type it in, but should then allow you to select the loan (http://money.mvps.org/faq/article/71.aspx) -- Glyn Simpson, Microsoft MVP - Money http://money.mvps.org See http://money.mvps.org/faq/default.aspx for tips and fixes for MS Money. To send Microsoft your product wishes see http://money.mvps.org/wishes.aspx I do not respond to any unsolicited email regarding Money "E Sanchez" <ESanchez[at]discussions.microsoft.com> wrote in message news:1804382F-754D-4F2F-BEA3-1F99BC1C5B6D[at]microsoft.com... - quote - > How do I record a mortgage refi with debt payoff of credit cards and a car > loan? I have the first mortgage set up as a loan for 355K and the home is > listed as an asset for 370k. I need to pay off the loan, credit cards and > the > car loan. The home has appreciated so I need to adjust the balance of the > asset also. Money 2005 won't allow me to use the "transfer payment" to pay > off the car loan. Any suggestions? |
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#-1
02-19-2007, 05:45 AM
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| Mortgage refinance with debt payoff How do I record a mortgage refi with debt payoff of credit cards and a car loan? I have the first mortgage set up as a loan for 355K and the home is listed as an asset for 370k. I need to pay off the loan, credit cards and the car loan. The home has appreciated so I need to adjust the balance of the asset also. Money 2005 won't allow me to use the "transfer payment" to pay off the car loan. Any suggestions? |
| Tags |
| debt, mortgage, payoff, refinance |
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