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Old 09-22-2003, 12:47 PM
Dick Watson
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Default Re: Mortgage Pay Off via Refinancing

See the FAQ at http://www.bollar.org/msmoney/#Q86. The only tough parts are
1) any loan payment transaction can only have one corresponding loan on the
other side, 2) Money provides no easy way to transfer loan proceeds--it
pretty much insists on the Money just showing up somewhere. The FAQ
describes one workaround to the latter behavior.

This has also been discussed regularly in the NG--search archives for the
group at http://groups.google.com.

"Don Sullivan" <don.sullivan[at]cox.net> wrote in message
news:06fa01c380ce$04621160$a301280a[at]phx.gbl...
- quote -

> I'm using the Money 2004 demo and am trying to close out
> an existing mortgage after refinancing. Typically, monies
> from the new mortgage(s) are used to pay off the
> previous. However, Money won't let me transfer funds from
> one mortgage to the next - at least it won't let me in
> this demo.
> I was also needing to allocate various closing costs to
> categories for tax reasons.
> These are activities that I've been able to do in Quicken
> Deluxe 99 without any problems.
> Any suggestions? What am I missing?



  #-1  
Old 09-22-2003, 05:54 AM
Don Sullivan
Guest
 
Posts: n/a
Default Mortgage Pay Off via Refinancing

I'm using the Money 2004 demo and am trying to close out
an existing mortgage after refinancing. Typically, monies
from the new mortgage(s) are used to pay off the
previous. However, Money won't let me transfer funds from
one mortgage to the next - at least it won't let me in
this demo.

I was also needing to allocate various closing costs to
categories for tax reasons.

These are activities that I've been able to do in Quicken
Deluxe 99 without any problems.

Any suggestions? What am I missing?
 

Tags
mortgage, pay, refinancing
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