Re: Home Equity Line of Credit by Chuck
Chuck
Tue Jan 24 14:45:57 CST 2006
OK, I'll try that.
No, I can't change the type to HELOC in account details; it doesn't give me
that option...
"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:uJ%23gz0RIGHA.2064@TK2MSFTNGP09.phx.gbl...
> My *suspicion* is that when you cerate a new account, you can tell it this
> and it substitutes Credit Card since there is no difference under the
> covers
> but the user doesn't know that when Money is asking the question. So it
> lets
> you tell it want you know and does with it what it will. Try it in a
> temporary file. Cerate a File|New. Select all of the choices to skip
> useless
> caca like Passport setup and the new file Account Setup stuff. Add a new
> account. Tell it no institution and you want to keep track of all
> transactions. See where that leads you. Assuming you somewhere along the
> lines get to tell it it's a HELOC type, check the details of the account
> at
> the end. What type is it?
>
> Can you change it's type in Account Details???
>
> "Chuck Leven" <CHLeven@hotmail.com> wrote in message
> news:%23fA464QIGHA.3408@TK2MSFTNGP12.phx.gbl...
>> I guess I'm not really expecting anything to be different, but Money 2006
>> "Help" says that you can open a Home Equity Line of Credit account by
> going
>> to Bank, then selecting "other" for type of account, and then selecting
>> "home equity line of credit". I haven't actually tried that, because I
>> don't want to open a new account, I just want to have my current account
>> reflect that it is a Home Equity Line of Credit account rather than a
> credit
>> card account. In practical terms, I understand that the account would
> work
>> the same way. I guess I'm just a purist...
>
>