Change mortgage payment from Monthly to Bi-weekly

#6 06-10-2008, 03:57 AM

In microsoft.public.money, Stricklet wrote:

- quote -

> Okay....not that I am blond and ditzy, but how do you do a refi....

http://umpmfaq.info/faqdb.php?cat=23#Q86

#5 06-10-2008, 03:08 AM

Okay....not that I am blond and ditzy, but how do you do a refi....
--
Stricklet

"Dick Watson" wrote:

- quote -

> I just played around with this and Money seems to utterly defeat everything
> I try. Barring you or I play around with it longer and find a way, I'd
> seriously consider just creating a new loan that matches your intent--kinda
> like entering a refi.
> "Stricklet" <Stricklet[at]discussions.microsoft.com> wrote in message
> news:417C05C9-594F-4CBB-9F00-79E7328D268C[at]microsoft.com...
> > Does anyone know if or how to change my Monthly Morgage payment from a ***
> > months to *** payments? I have tried to use the "Change Loan Terms" to
> > change it since we have adjusted our payments to Bi-weekly as opposed to
> > Monthly (so that we can pay off sooner). However, if I leave the # of
> > payments blank, it automatically goes back to the old # of months and
> > deletes
> > the "payments" that I change it to.

#4 06-09-2008, 01:32 PM

Perhaps you could set up two monthly payments. One on the first and the
second on the 15th of the month.

Gordo

"Stricklet" <Stricklet[at]discussions.microsoft.com> wrote in message
news:417C05C9-594F-4CBB-9F00-79E7328D268C[at]microsoft.com...
- quote -

> Does anyone know if or how to change my Monthly Morgage payment from a ***
> months to *** payments? I have tried to use the "Change Loan Terms" to
> change it since we have adjusted our payments to Bi-weekly as opposed to
> Monthly (so that we can pay off sooner). However, if I leave the # of
> payments blank, it automatically goes back to the old # of months and
> deletes
> the "payments" that I change it to.
> Please assist!!
> --
> Stricklet

#3 06-09-2008, 01:08 PM

I just played around with this and Money seems to utterly defeat everything
I try. Barring you or I play around with it longer and find a way, I'd
seriously consider just creating a new loan that matches your intent--kinda
like entering a refi.

"Stricklet" <Stricklet[at]discussions.microsoft.com> wrote in message
news:417C05C9-594F-4CBB-9F00-79E7328D268C[at]microsoft.com...
- quote -

> Does anyone know if or how to change my Monthly Morgage payment from a ***
> months to *** payments? I have tried to use the "Change Loan Terms" to
> change it since we have adjusted our payments to Bi-weekly as opposed to
> Monthly (so that we can pay off sooner). However, if I leave the # of
> payments blank, it automatically goes back to the old # of months and
> deletes
> the "payments" that I change it to.

#2 06-09-2008, 04:54 AM

When I leave the interest rate blank, then it leaves everything monthly....I
need it to be bi-weekly, can you not do this??
--
Stricklet

"Cal Learner-- MVP" wrote:

- quote -

> > Does anyone know if or how to change my Monthly Morgage payment from a ***
> > months to *** payments? I have tried to use the "Change Loan Terms" to
> > change it since we have adjusted our payments to Bi-weekly as opposed to
> > Monthly (so that we can pay off sooner). However, if I leave the # of
> > payments blank, it automatically goes back to the old # of months and deletes
> > the "payments" that I change it to.
> > > Please assist!!
> Normally, when setting up a mortgage, leave the interest rate blank
> and fill in the other information. Let Money calculate the interest
> rate.

#1 06-09-2008, 04:46 AM

--
--
Steve Bell
New Life Home Improvement
Arlington, TX

06-09-2008, 04:42 AM

In microsoft.public.money, Stricklet wrote:

- quote -

> Does anyone know if or how to change my Monthly Morgage payment from a ***
> months to *** payments? I have tried to use the "Change Loan Terms" to
> change it since we have adjusted our payments to Bi-weekly as opposed to
> Monthly (so that we can pay off sooner). However, if I leave the # of
> payments blank, it automatically goes back to the old # of months and deletes
> the "payments" that I change it to.
> Please assist!!

Normally, when setting up a mortgage, leave the interest rate blank
and fill in the other information. Let Money calculate the interest
rate.

#-1 06-09-2008, 04:18 AM

Does anyone know if or how to change my Monthly Morgage payment from a ***
months to *** payments? I have tried to use the "Change Loan Terms" to
change it since we have adjusted our payments to Bi-weekly as opposed to
Monthly (so that we can pay off sooner). However, if I leave the # of
payments blank, it automatically goes back to the old # of months and deletes
the "payments" that I change it to.

Please assist!!
--
Stricklet

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