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Old 12-04-2003, 07:20 PM
Dick Watson
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Default Re: Net worth through the roof

This should be a function of when you took out the new loan vs. when you
paid off the old loan, not when you started to make payments on the new
loan. And, yes, if these weren't the same date, your net worth did go up for
a while. Given this, why would you want to fix it? At any rate, why would
you want to fix it? It's just a graph on a piece of paper.

"Jeremie Desautels" <desautelsj ...at... hotmail ...dot... com> wrote in
message news:euPoHNpuDHA.2304[at]tk2msftngp13.phx.gbl...
- quote -

> I followed the steps in the unofficial FAQ
> (http://www.bollar.org/msmoney/index.htm#Q86) to handle the refinance and
> everything works fine except for the fact that my "Net worth over time"
> report is inacurate for the month between when I closed the old mortgage
> account and when I started paiments on the new mortgage.
> Anybody has any suggestions on how to fix this?



 
Old 12-04-2003, 05:20 PM
Jeremie Desautels
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Posts: n/a
Default Re: Net worth through the roof

I followed the steps in the unofficial FAQ
(http://www.bollar.org/msmoney/index.htm#Q86) to handle the refinance and
everything works fine except for the fact that my "Net worth over time"
report is inacurate for the month between when I closed the old mortgage
account and when I started paiments on the new mortgage.

Anybody has any suggestions on how to fix this?



"Jeremie Desautels" <desautelsj ...at... hotmail ...dot... com> wrote in
message news:uT1yqm2tDHA.3468[at]TK2MSFTNGP11.phx.gbl...
- quote -

> I recently refinanced my mortgage and I successfully closed the original
> mortgage account in Money 2004 and transferred the balance to a new

mortgage
> account. However, there is a 30 days period between the last payment on

the
> old mortgage and the first payment on the new mortgage and it appears that
> Money interprets this situation as if I owned my house in full during

those
> 30 days. As you can imagine, this skews the net worth report for the month
> before I started making mortgage paiments again.
> This is not catastrophic as the situation is back to normal now that I

have
> resumed making payments, but I would like to know if there is any way to
> correct my net worth.
> Thanks
> -J



  #-1  
Old 11-30-2003, 04:44 PM
Jeremie Desautels
Guest
 
Posts: n/a
Default Net worth through the roof

I recently refinanced my mortgage and I successfully closed the original
mortgage account in Money 2004 and transferred the balance to a new mortgage
account. However, there is a 30 days period between the last payment on the
old mortgage and the first payment on the new mortgage and it appears that
Money interprets this situation as if I owned my house in full during those
30 days. As you can imagine, this skews the net worth report for the month
before I started making mortgage paiments again.

This is not catastrophic as the situation is back to normal now that I have
resumed making payments, but I would like to know if there is any way to
correct my net worth.

Thanks
-J


 

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