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Old 08-07-2007, 09:31 PM
Reiner Schmidt
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Default Re: Interest Only

Great! Thanks

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uuAtrDI2HHA.484[at]TK2MSFTNGP06.phx.gbl...
- quote -

> Set balloon payment = principal balance.
> "Reiner Schmidt" <reiners10[at]hotmail.com> wrote in message
> news:041F3CA2-C070-4549-9216-C3907C06CBB2[at]microsoft.com...
> > Any ideas on how to create an Interest Only loan? I just converted from
> > 2002 to 2007 and I knew that 2002 didn't have the ability primarily
> > because IO loans weren't really that common. I tried to change my loan in
> > 2007 but it won't let me. Any ideas?

  #1  
Old 08-06-2007, 11:24 PM
Dick Watson
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Posts: n/a
Default Re: Interest Only

Set balloon payment = principal balance.

"Reiner Schmidt" <reiners10[at]hotmail.com> wrote in message
news:041F3CA2-C070-4549-9216-C3907C06CBB2[at]microsoft.com...
- quote -

> Any ideas on how to create an Interest Only loan? I just converted from
> 2002 to 2007 and I knew that 2002 didn't have the ability primarily
> because IO loans weren't really that common. I tried to change my loan in
> 2007 but it won't let me. Any ideas?



 
Old 08-06-2007, 10:46 PM
Cal Learner-- MVP
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Default Re: Interest Only

In microsoft.public.money, Reiner Schmidt wrote:

- quote -

> Any ideas on how to create an Interest Only loan? I just converted from 2002
> to 2007 and I knew that 2002 didn't have the ability primarily because IO
> loans weren't really that common. I tried to change my loan in 2007 but it
> won't let me. Any ideas?


For a mortgage, choose a balloon payment equal to the purchase
price.
  #-1  
Old 08-06-2007, 09:38 PM
Reiner Schmidt
Guest
 
Posts: n/a
Default Interest Only

Any ideas on how to create an Interest Only loan? I just converted from 2002
to 2007 and I knew that 2002 didn't have the ability primarily because IO
loans weren't really that common. I tried to change my loan in 2007 but it
won't let me. Any ideas?

 

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