Add a mortgage or a line of credit in the property’s Loans and mortgages tab: the amount and the start date are enough; the rate, the payment and the term make the balance follow the Canadian schedule (interest compounded twice a year on fixed mortgages).
When the rate changes at renewal, add a rate change. To correct the balance, add a balance from your lender’s statement. A loan can have owners of its own when they differ from the property’s. Used to buy this property marks the loans that count in the cost of the purchase.
A refinancing that takes money out goes in the Refinancings tab: the app shows the cash taken out and where it went.
The Refinance package gathers everything a lender asks for (properties, leases, statements, employment and income, net worth) in one link, protected by a code you send separately.
The mortgage renewal date is warned ahead of time (Warnings and reminders).
Names in bold are the pages, tabs and buttons as the app shows them.
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