Transcript
In this video, I will be walking you through how to schedule a one-time payment on a debt.
In the example today, I will open the Mortgage Debt:
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Go to the Debts and Loans section.
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Select the Primary Residence Mortgage.
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Click One-Time Payments and select Add a One-Time Payment.
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Enter $30,000 as the payment amount and schedule it for this year.
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Click Done.
You should see a spike in the cash flow for the first year. If you check the Debts section, the mortgage balance drops significantly from year 1 to year 2.
In Year View, you can see the additional payment reflected, and the graph shows that the debt is projected to be paid off by 2027.
I hope this was helpful. If you have any questions, click the client’s name in the top right, select Request Support, enter your question, and share client access.