Extra mortgage principal payment

  • Thread starter msnews.microsoft.com
  • Start date

M

msnews.microsoft.com

I'm trying to figure out how to add a recurring principal payment to my
mortgage account in Money 2004. I have setup the account and the monthly
principal + interest amount is correct; but I always add $419 over the
amount to pay down the principal. I see a category for Mortgage interest but
not one for principal?

Thanks
 
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D

Dick Watson

Revise your scheduled loan payment by going to its details and adding
another (split) line, Principal Transfer (Money will implicitly convert this
to Principal Transfer:[name of the loan account where the rest of the loan
payment transaction is going]), for $419.
 
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M

msnews.microsoft.com

Thanks!


Dick Watson said:
Revise your scheduled loan payment by going to its details and adding
another (split) line, Principal Transfer (Money will implicitly convert this
to Principal Transfer:[name of the loan account where the rest of the loan
payment transaction is going]), for $419.

msnews.microsoft.com said:
I'm trying to figure out how to add a recurring principal payment to my
mortgage account in Money 2004. I have setup the account and the monthly
principal + interest amount is correct; but I always add $419 over the
amount to pay down the principal. I see a category for Mortgage interest but
not one for principal?
 

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