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How do I deal with Lumpsum Payments in Rema

gwasser

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HI Garth,

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