RentHQ Software Blog

New Feature - Mortgage Analysis and Revolving Credit

Posted on March 18, 2014

People asked for these features during the last survey, so here they are...

We have made a number of changes to mortgages, and in particular their analysis.  If the Mortgage feature has been turned off for your setup, (this means you are probably a property manager with no mortgages) then you wont see any of these changes.

 

  • You can now mark a mortgage as being a revolving credit type mortgage.  Once you do that you then specify which of your existing bank accounts is the revolving credit account.  Because revolving credit accounts are like big overdrafts, any money put into the account at any time is like a principle payment, and any money taken out is like a negative principle payment.
  • On the analysis tab of the reports screen we now have an additional Interest payment graph so you can see how much you are paying per month over time.
  • Also on the analysis tab, the balance graph will be accurate for both revolving credit as well as normal interest and principle type mortgages.
  • We have also added some big new graphs to the Graphs screen found on the Information tab.  We have added a mortgage payments graph.  This will enable you to see all your interest and principle payments across all mortgages over time.
  • Also on the graphs screen is a Mortgage Debt graph.  This shows your total debt across all mortgages over time.