Re-mortgage

I have been using a loan account to track my mortgage payments. Recently I
have re-mortgaged with another provider for a higher amount and I've set
another loan account up. I want to be transfer the money into the old account
to close it off and transfer the balance into the current account.

Money doesn't seem to want to transfer money between loans. So how do I show
that the loan is closed and principle paid off? I tried creating a catagory
but then money reports a massive outgoing aganist it distorting all the
reporting.

Dick
Fri Sep 01 07:18:25 CDT 2006

Very sadly, Money makes it difficult to just transfer Money in/out and the
end/start of a loan. See http://umpmfaq.info/faqdb.php?q=86 for a general
treatment of tracking a refinancing that also touches on the way to do the
transfer in and provides a workaround for doing the transfer out.

"R Foster" <RFoster@discussions.microsoft.com> wrote in message
news:51818808-E903-4960-9580-196EA0AA2204@microsoft.com...
>I have been using a loan account to track my mortgage payments. Recently I
> have re-mortgaged with another provider for a higher amount and I've set
> another loan account up. I want to be transfer the money into the old
> account
> to close it off and transfer the balance into the current account.
>
> Money doesn't seem to want to transfer money between loans. So how do I
> show
> that the loan is closed and principle paid off? I tried creating a
> catagory
> but then money reports a massive outgoing aganist it distorting all the
> reporting.