How to I track auto and mortgage loans?

[Nikolay]

Unfortunately this functionality does not changed in 1.3.5

[vipinborole]

Hello Team,

I have been using Acemoney for the last 12 years, but am now evaluating MMEX.
It seems to be a good alternative and I am loving it

I have a home loan . Can you please inform me how it can be done in MMEX.

I went through the thread viewtopic.php?f=10&t=6019 but I am not able to understand.

It will be good if the tutorial is uploaded on MMEX official youtube channel https://www.youtube.com/user/moneymanagerex

[goodhour]

Bank Accounts
Savings
Cheque
Mastercard

Term Account
Auto Loan

What are the payees?

The Bank - Gives us the loan and gives us interest payments. We also need to make payments to the bank

This now allows us to create categories in order to track this. Categories:
Auto : Purchase
Auto : Bank Loan
Auto : Loan Interest
Auto : Loan Repayment 

Assuming loan amount for $10,000 with repayment $500 per month, interest at $100 per month.
Transactions:

Account Term: Auto Loan - Deposit $10,000 Payee=Bank, category=Auto: Bank Loan

Bank Interest: Transactions: Term: Auto Loan - Deposit $100 Payee=Bank, category=Auto: Loan Interest
Repayments: Transactions:  Term: Auto Loan - Withdrawal $500 Payee=Bank, category=Auto: Loan Repayment

Money comes into regular accounts.

Sorry to revive this old post, but I can't understand how loans/mortgages work.
Following stef145g's suggestions, I find myself with the same issue illustrated above by user Alexex.

Is it not possible to include a tutorial to better manage Loans or Mortgages? Or possibly as suggested post a video on the youtube page?

[frankieorabona]

Very interesting post.

I also have problems understanding loan management (but not only,mortgages, bond management). Unfortunately it is a pity that for such a widely used MMEX there are few guides even from the users themselves (and not necessarily of the online help).

Currently I no longer use the option of keeping an account for loans (TERM ACCOUNT), partly because I happened a couple of times to partially pay off loans, and I could no longer figure out how to realign the remaining principal with the new repayment schedule.
I simply use a category PERSONAL LOAN or MORTGAGE, from which I withdraw the installment from my account . STOP. That's the only way to manage and keep track of installment expenses (maybe you could also break the category down with two expenses CAPITAL REPAYMENT and INTEREST LIABILITIES to be more accurate).
I really hope that someday the functionality for loans/mortgages will be implemented. Something is planned for version 1.7.3.
A request for new functionality is open here:
https://github.com/moneymanagerex/money ... ssues/3860

[knightrider]

I really need help tracking Home Loan Mortgage too. I don't understand how. I set up a loan with a negative balance. Then setup a scheduled transfer transaction (withdraw wouldn't work because it didn't show up in the loan account). The only way I could make the loan balance be accurate would be to manually change the principal payment each month which is way to much work. Any ideas?

[knightrider]

I need help to tracking home mortgage. Nothing I tried worked so far. I wish I started with the home mortgage account before entering all my bank accounts. I might have to move on to something else if there is no solution. Any help would be appreciated.

[Renato]

Freeware programs are as they are, extensions can be requested, but there is no guarantee of realization.
I don't believe that a developer will voluntarily invest several hours of work just to automate a manual booking every month.
The topic was already taken up in 2021 and has not received any further reactions from users or developers.