Tim Wunder <[EMAIL PROTECTED]> writes: > Hmmm, that brings to mind my current Home Equity line of credit... > It consists of 2 10-year phases, a borrowing phase and a payoff > phase. During the borrowing phase, the minimum monthly payment is > calculated based on a 20 year term and is an interest-only > payment. It is only during this phase that I'm allowed to borrow > against the loan. I can pay against principal, if I want, but it's > not part of the minimum payment as delineated by the bank on my > statements. Once the 10 year anniversary comes, the Payoff phase > kicks in and I can no longer borrow against that line of credit. The > minimum payment becomes a P&I calculation based on a 10 year term > (still with a variable rate). > > I'm not sure how this can fit in with the Druid, but I figgerd I'd > throw it at you to see what you thought. I also don't know how many > banks out there have loans that are stuctured like that. So I can't > comment on whether the ability of gnucash to handle it would be > important.
For what it is worth, my equity line is set up similarly. _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
