Extra Principal Payments


D

db

How do you set up regularly recurring extra principal
payments so they get calculated into the loan balance each
payment?
 
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G

Glyn Simpson, MVP

You could set them up as an 'other expense' on the loan setup forms, using
category 'principal transfer: <loan name>' if they are included as part of
your regular payment.

Otherwise, you could set up a recurring bill to do that.
 

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