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What is the best account type to use for a home equity line of credit in Quicken 98?Q. What is the best account type to use for a home equity line of credit in Quicken 98? I could do this as a credit card account, but it would be nice for Quicken to calculate the payments & amortization. Can it deal with a loan where the principal amount changes each month? Is this something to add to the wish list for Q99? A. I have been using a Credit Card account type for my equity line for the past 6 years and it has worked fine. Since the balance changes as you make payments and write checks, there is never a "schedule of payments" you can count on, (ala an installment payment..) so payments and amortization doesn't mean much...
Other Questions: Where can i find in Virginia Home Equity Loan? I am considering taking out a loan on my house for improvements to it (i.e. building a garage). I do not yet have a significant amount of equity in my home. I have seen some information on the web concerning HUD's Title 1 loans which allow for ... Wachovia Home EquityI manage my elderly parents finances through quicken. Their current checking account is at Regions and even though they keep about 30k in the account Regions wants $8/month to be able to do more than simply download transactions. Wachovia tol... Washington Mutual Home Equity LoanI would like to refinance my home equity loan. I am currently paying 8.6 percent but I can refinance it with the same bank for 6.35. That is still a bit higher then what i want. I understand that a 2nd lien on the home has a higher percent but ... Home Equity Line of CreditI have just upgraded to Money Deluxe 2006 from Money Deluxe 2004. In the 2004 version, home equity lines of credit were treated as "credit cards" for account purposes. I understand that in the 2006 version, one can classify an account as a "h... What Is A Home EquityIs a home equity line of credit tax deductable?There is a limit on the amount of debt that can be treated as home equity debt. The total home equity debt on your main home and second home is limited to the smaller of: $100,000 ($50,000 if marri...
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