How do I deal with Lumpsum Payments in Rema

gwasser

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#1
HI Garth,

How do I deal with lumpsum paymens in REMA. How do I update my equity and payments (interest and principal)?
 

JoeRagona

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#2
QUOTE (gwasser @ Mar 30 2010, 04:51 PM) HI Garth,

How do I deal with lumpsum paymens in REMA. How do I update my equity and payments (interest and principal)?

Godfried,
Are you referring to paying a lumpsum towards your principal as well as changing your monthly payment re: your mortgage?
 

gwasser

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#3
QUOTE (JoeRagona @ Apr 4 2010, 07:28 AM)
Godfried,

Are you referring to paying a lumpsum towards your principal as well as changing your monthly payment re: your mortgage?




Hi Joe,





I am only referring to a simple lumpsum payment. Monthly payments stayed the same.
 

JoeRagona

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#4
QUOTE (gwasser @ Apr 5 2010, 10:26 AM) Hi Joe,


I am only referring to a simple lumpsum payment. Monthly payments stayed the same.


I`m trying to locate the area to which you can apply this payment. I am guessing this is to reduce your mortage principle so it has to be associated with a particular property`s mortgage balance.


I tried changing the mortgage balance manually, which it allows me to do but doesn`t reflect the new equity.

This is a tough one and I will ask Garth when he is back. I`m stumped also.
 

crooksb

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#5
QUOTE (gwasser @ Mar 30 2010, 02:51 PM) HI Garth,

How do I deal with lumpsum paymens in REMA. How do I update my equity and payments (interest and principal)?
We are working on finishing the balloon payment section of mortgages. Hopefully it will be finished in the next couple days.
 

gwasser

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#6
QUOTE (crooksb @ Apr 13 2010, 10:08 AM) We are working on finishing the balloon payment section of mortgages. Hopefully it will be finished in the next couple days.

Thanks Guys,