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#2
12-14-2007, 04:45 AM
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 Re: How do I enter Interest Only ARM Mortgages into Money PLus Thanks to you both for your feedback. I now have things setup. Cheers. -- Jason "Dick Watson" wrote: - quote - > I'm not sure there's ever a place in the market for a loan like this. Seems > a lot like renting the house from the bank unless one assumes that house > values will always outstrip inflation and real interest rates both > assumptions of which are proven every five or six years to be bogus over the > long haul... > Oh, and Money has always had support for these as noted in Cal's post. It > just doesn't have a big dialog box asking if that's how you want to set it > up and then hiding the details from you. > You will frequently find that an advanced search of newsgroup > microsoft.public.money at http://groups.google.com will find answers to > questions that have been asked previously. > "Jason" <Jason[at]discussions.microsoft.com> wrote in message > news  F974049-AAAB-42D4-8BC7-6DA12657B5D2[at]microsoft.com...> > There is a > > place in the market for these types of loans (and not to live in a bigger > > house). > > > If someone can let me know how I would enter this type of mortgage payment > > into Money I would greatly appreciate it. It has been a lacking feature of > > the software package for a while now. I expected that this would be taken > > care of in the latest version- given that almost a third of all loans are > > of > > this type. Your help is appreciated! |
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#1
12-13-2007, 11:34 PM
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| Re: How do I enter Interest Only ARM Mortgages into Money PLus I'm not sure there's ever a place in the market for a loan like this. Seems a lot like renting the house from the bank unless one assumes that house values will always outstrip inflation and real interest rates both assumptions of which are proven every five or six years to be bogus over the long haul... Oh, and Money has always had support for these as noted in Cal's post. It just doesn't have a big dialog box asking if that's how you want to set it up and then hiding the details from you. You will frequently find that an advanced search of newsgroup microsoft.public.money at http://groups.google.com will find answers to questions that have been asked previously. "Jason" <Jason[at]discussions.microsoft.com> wrote in message news F974049-AAAB-42D4-8BC7-6DA12657B5D2[at]microsoft.com...- quote - > There is a > place in the market for these types of loans (and not to live in a bigger > house). > If someone can let me know how I would enter this type of mortgage payment > into Money I would greatly appreciate it. It has been a lacking feature of > the software package for a while now. I expected that this would be taken > care of in the latest version- given that almost a third of all loans are > of > this type. Your help is appreciated! |
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12-13-2007, 11:19 PM
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| Re: How do I enter Interest Only ARM Mortgages into Money PLus In answer to your subject, to create an interest-only loan, enter the balloon amount equal to the principal. |
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#-1
12-13-2007, 10:49 PM
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| How do I enter Interest Only ARM Mortgages into Money PLus Don't worry I am not one of the problems in the market today. There is a place in the market for these types of loans (and not to live in a bigger house). If someone can let me know how I would enter this type of mortgage payment into Money I would greatly appreciate it. It has been a lacking feature of the software package for a while now. I expected that this would be taken care of in the latest version- given that almost a third of all loans are of this type. Your help is appreciated! -- Jason |
| Tags |
| arm, enter, interest, money, mortgages |
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