Microsoft KB Archive/138111

= How to change loan information in Money =

Article ID: 138111

Article Last Modified on 1/19/2007

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APPLIES TO


 * Microsoft Money 2007 Deluxe
 * Microsoft Money 2007 Home & Business
 * Microsoft Money 2007 Premium
 * Microsoft Money 2006 Deluxe
 * Microsoft Money 2006 Small Business
 * Microsoft Money 2006 Premium
 * Microsoft Money 2006 Standard
 * Microsoft Money 2005 Deluxe Edition
 * Microsoft Money 2005 Premium Edition
 * Microsoft Money 2005 Small Business Edition
 * Microsoft Money 2005 Standard Edition
 * Microsoft Money 2004 Deluxe Edition
 * Microsoft Money 2004 Premium Edition
 * Microsoft Money 2004 Small Business Edition
 * Microsoft Money 2004 Standard Edition
 * Microsoft Money 2003 Deluxe Edition
 * Microsoft Money 2003 Deluxe and Business Edition
 * Microsoft Money 2003 Standard Edition
 * Microsoft Money 2002 Standard Edition
 * Microsoft Money 2001 Standard Edition
 * Microsoft Money 2000 Standard Edition
 * Microsoft Money 2000 Business & Personal Edition
 * Microsoft Money 99 Standard Edition
 * Microsoft Money 98 Standard Edition
 * Microsoft Money 98 Deluxe Edition
 * Microsoft Money 98 Financial Suite Edition

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This article was previously published under Q138111





SUMMARY
This article describes how to change loan information after a loan has been set up in Microsoft Money.



MORE INFORMATION
To change loan information, use the appropriate method for your version of Money.

Note To change the Loan Payment frequency, close the existing loan, and then create a new loan that has the correct payment frequency. Use a Loan Balance that has the date when the payment frequency changed.

Alternatively, in the Loan account click New, and then select Make an Extra Payment. Then, modify the principle and the interest amounts as needed.

For help with closing an accoutn and createing a new loan, see the Help file in Money.

Microsoft Money 2000 or later versions

 * 1) Click Account List.
 * 2) Right-click the loan that you want to change, and then click See Account Settings. In earlier versions of Money, right-click the loan that you want to change, and then click Details.
 * 3) On the Account Details screen, click Change Loan Terms or Update Interest Rate to make changes to the loan information as needed.

Note Use the Update Interest Rate option to change the interest rate for an Adjustable Rate Loan (ARM).
 * 1) When you are finished making changes, click Done.

Microsoft Money 99 and Microsoft Money 98

 * 1) On the navigation bar, click Accounts.
 * 2) Right-click the loan that you want to change, and then click Go to Details.
 * 3) In Account Details, click Change Loan Info in the left pane.
 * 4) Click Next in the Change Loan Wizard until you find the information you want to change.

In the Change Loan Wizard you can change any of the following information:
 * 1) * Other fees (fees other than payment and interest)
 * 2) * Interest rate (This is useful for changing an adjustable rate loan)
 * 3) * Other Loan Information
 * 4) After you finish making changes to the loan information, click Next, and then click Finish.

Money 97

 * 1) On the Contents screen, click Account Manager.
 * 2) On the Account Manager screen, click the loan that you want to change, and then click Account Details.
 * 3) On the Account Details screen, click Change Loan Information.
 * 4) Click Next in the Change Loan Wizard until you find the information you want to change.

In the Change Loan Wizard you can change any of the following information:
 * 1) * Other fees (that is, fees other than payment and interest)
 * 2) * Interest rate (This is useful for changing an adjustable rate loan)
 * 3) * Loan balance
 * 4) * Loan name
 * 5) * Who payments are made to or received from
 * 6) * How interest is calculated
 * 7) * Remaining length of loan
 * 8) * Payment amount
 * 9) * Balloon amount
 * 10) * Payment category or sub-category
 * 11) After you make the necessary changes to the loan information, click Next, and then click Done.

For more information, click the following article number to view the article in the Microsoft Knowledge Base:

171710 Money: How to track an ARM loan from the inception date

Additional query words: money2004 kbhowto money_95 money97 money98 money99 money2000 money2001 money2002 money2003 rocket mortgage

Keywords: kbhowto kbui KB138111

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