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canadian mortgage capitalization setup?!?

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Emmanuel Paquin

06 Oct, 2009 08:46 PM

is it possible? HOW?!? please help before i switch to quicken...:( And also do you have specific features for rented properties?

1. 1 Posted by Emmanuel on 07 Oct, 2009 02:53 AM

   

   Sorry not capitalization but amortization. Should be be-annual for the canadian mortgage. I seem to remember that credit line and loans don't have the same amortization either...is it possible to modify this?

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2. 2 Posted by Ben Spencer on 10 Oct, 2009 02:41 AM

   

   Hi Emmanuel

   I am not familiar with the specific difference you are refering to. Please specify how you would like the loan repayment calculated and I will ascertain if Moneydance can meet your needs.

   Ben Spencer

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3. 3 Posted by GoneCamping on 21 Jan, 2010 06:13 PM

   

   I have a similar question... I'm currently on Quicken 2007, and wish to upgrade... However, Quicken 2010 does NOT resolve my 2 biggest peeves...

   (A) Related to this particular question: I have a Canadian mortgage, paid on a weekly basis. The interest (as calculated by my bank) for one week is based on 7/365 of the annual rate. In Quicken, I only have access to 1/52, which is not the exact same interest rate that gets calculated... I end up doing my mortgage in MS Excel (which obviously supports any rate calculation you want), and manually in Quicken using the Excel data.

   (B) Does MoneyDance support Canadian Mutual funds and stocks? Quicken does, but not the "Historical" data (only for US funds and stocks.)

   Does MoneyDance support downloading transactions from Canadian banks? My bank seems to support QIF, OFX (Quicken), and OFX (MS Money). What's the difference between the OFX's? Which one would I use with MoneyDance?

   (Sorry Emmanuel for hijacking your thread, but your question was similar to the one I had about interest rate calculations.)

   Thanks!

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4. 4 Posted by Emmanuel Paquin on 21 Jan, 2010 06:57 PM

   

   Hey no problem for the hijacking!!:) I'm a realestate agent in
   Montreal and obviously I could use the answers for my customers and
   myself.
   Looking forward for the answers.

   --
   Emmanuel Paquin
   [email blocked]

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5. 5 Posted by Angie Rauscher on 02 Mar, 2010 04:43 PM

   

   I apologize for the long delay in our response, I am embarrassed to say that we have been snowed under with questions about Moneydance 2010.

   Moneydance has an internal mortgage calculator, but I do not believe that we currently support 7/365 divisions (as opposed to 1/52).
   

   Moneydance does support some Canadian mutual funds and stocks. Moneydance uses the finance.yahoo.com service for security price information. This service is rather USA centric and as such does not offer security price information for all foreign ticker symbols.

   You can import QIF, QFX, and OFX files into Moneydance.

   I encourage you to download our free trial version and experiment with the program before you decide if you would like to purchase it. The demo version is fully-functional and allows you to manually enter 100 transactions. Imported transactions are not limited. If you decide to purchase the program at a later date you can keep all your data, the license key simply unlocks the ability to manually enter more transactions.

   For more information on how to get the most out of your trial period, check out our blog post on the subject.

   Please let me know if I can be of further assistance, and thank you for your interest in Moneydance!

   Angie Rauscher
   Moneydance Support

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6. Angie Rauscher closed this discussion on 02 Mar, 2010 04:43 PM.