the basic mechanism for tracking a house purchase in Microsoft Money is described. An additional task would be to
sell a house, which reverses some of the methods in that article.
This article shows how to do it. It
does not include a mechanism to buy another from the proceeds - this is in
The aim is
again to achieve a net-worth neutral set of transactions - you do not gain any money here, you merely release
the equity in the house in the form of cash.
Closing the loan down, and selling the asset is a
relatively simple procedure. First, you need to zero-out the loan, and secondly transfer out the equity you
have in the house.
This is simply two transactions.
on a house sale of $200k and an outstanding loan of $150k.
Keywords: Mortgage, Sell, House, Redeem