Setting up a mortgage and transactions entered in arrears (4 numbered questions)

Peter Underwood peterunderwood1 at gmail.com
Wed May 4 13:26:53 EDT 2011


Thanks James.

Tommy's explanation of the limits of the Druid (and defining that word too -
never heard it before in this context and was about to look it up when I saw
his reply) is a lot of what I want so I can proceed which is nice :)

To answer your question, I thought I could simply use the Druid to set up
the mortgage payments starting at that Settlement Statement and let it bring
things up to date - with manual changes in schedule payments stemming from
an escrow change. From Tommy's suggestions, it appears that it's easier to
use the Druid at a lower level than I was thinking. So there really isn't
anything that I want from the Druid right now that it won't do. Once I have
completed the setup, if I think there is something the Druid could do which
would be worth the dev cost, I'll work on setting that out more clearly as a
wish list item and then see if I can do anything to help with designing it.

Anyway, for now, the question is answered in that I can move on and stop
fretting at the Documentation etc to find out what I am doing wrong!

Thanks again.

(I am still working out how the transactions end up sorted and balanced in
the right order if an earlier date transaction is entered later, but again
Tommy answered that so I'll continue putting in the earlier transactions and
see whether they sort and balance as I continue.)

Peter

On Tue, May 3, 2011 at 9:54 AM, FireFly <fireflys_98 at yahoo.com> wrote:

> Peter,
>
> I think my overall question is, what are you trying to achieve from the
> Mortgage Druid?
>
> I've never used it myself, I've always setup my Mortgage by hand, but have
> setup both a new mortgage (when I refinanced) and a pre-existing mortgage
> and not had any real issues, the only "pain" that I have to do is every
> month I have to change my scheduled transaction to have the correct split
> between interest and principal, but your situation may be different than
> mine.
>
> Which brings me full circle back to my original question, what are you
> looking for GNUCash to do for you, what are you hoping from using the
> Mortgage Druid will happen vs setting up these accounts manually?
>
> - James Duerr
>
> E-mail: FireFlys_98 at yahoo.com
> ---------------------
> Discover a lost art - play Marbles. May 2004
> www.marillion.com
>



-- 
Peter Underwood
============
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Franklin
GA 30217
USA
Tel: +1 706 675-1412
Email: peterunderwood1 at gmail.com


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