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Old 05-05-2004, 06:59 AM
Glyn Simpson, MVP
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Default Re: Setting Up Interest Only Mortgage Payments

Set the balloon amount to be equal to the value of the loan (and leave the
interest rate blank). This will calculate interest only.

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
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"Noray" <anonymous[at]discussions.microsoft.com> wrote in message
news:869801c43266$bf3103d0$a501280a[at]phx.gbl...
- quote -

> Anybody have any idea how you could set up a mortgage
> account in Money 2004 Deluxe for a 5 year adjustable rate
> mortgage making interest only payments for the first five
> years?
> When you put in the info for any mortgage it
> automatically calculates the payments to be principal
> plus interest.



  #-1  
Old 05-05-2004, 06:03 AM
Noray
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Posts: n/a
Default Setting Up Interest Only Mortgage Payments

Anybody have any idea how you could set up a mortgage
account in Money 2004 Deluxe for a 5 year adjustable rate
mortgage making interest only payments for the first five
years?
When you put in the info for any mortgage it
automatically calculates the payments to be principal
plus interest.
 

Tags
interest, mortgage, payments, setting
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