[moneydance] Rescheduling Loan

Anthony bogor at mac.com
Wed Jan 10 03:23:06 EST 2007


Hi

I have instructed my bank to reschedule my mortgage repayments from  
monthly to fortnightly. I need to know how to reset my loan account  
to accommodate this and I cannot find it in the accompanying help.

At the moment it is set up to pay monthly, as mentioned before.

There are still 252 repayments left under that scheme.

Under the new scheme there will be:
1. new starting principal (ie, the current balance)
2. the same interest rate
3. a new number of periods (525)
4. same interest rate as before.

Once I find the right screen to do this, I think I will do it ok.

I looked at the current loan set-up screen but I think altering that  
might throw things into disarray.

Appreciate your help.

Thanks
Anthony


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