I'm using 2003 Deluxe. I'm purchasing a new home and went into the
lifetime planner and set up a home asset - indicating the purchase
price of the house and the amount I'm borrowing, interest rate, etc. It
calculated out correctly my monthly payments. Now I have to write a
check to the closing attorney for the down payment. I've read some
instructions on this group about handling that, but those posts were
very old and I thought perhaps 2003 Money might handle it differently.
How do I enter a down payment? As an expense in my checkbook under
Home? (I created a new Home Category under expenses temporarily to hold
these amounts) If I transfer the money from the checking account to the
Home Asset account (as I've seen some suggest), it then inflates the
actual value of the home by the down payment amount and I don't want
I've also written checks for earnest money and for an appraisal to be
done by the mortgage company. How to I register those?