Add a new loan to the Lifetime Plan
- Click Planning.
- Click Planning Tools, and then click
Lifetime Planner.
- In the left pane, click Loans & debt.
- Click New Loan.
- Follow the instructions on the screen.
Notes
- If you don't know the loan (An agreement
to borrow or lend money, usually with an interest charge on the
amount borrowed.) terms, you can either use the default
values that Money suggests or enter your own estimates. You can
always edit the loan later to make it more accurate.
- Money lists your current loans both on the Loans &
debt page and on the Accounts list.
However, Money lists your future loans on the Loans &
debt page only.
- To add a future adjustable-rate mortgage (ARM), follow the
steps above, but enter the maximum interest rate you expect to pay
as the rate for the entire loan. Don't use the lower introductory
rate.
