Track your mortgage and renewal dates

Record a property's mortgage to see its current balance, its payoff schedule, and the all-important renewal date.

Before you start

• Mortgage tracking works on all plans and for any property, rented or not.
• The optional renewal reminders, a heads-up at 120, 60, and 30 days before renewal, are a Pro and up feature.
• Have your lender, original amount, interest rate, term, amortization, payment amount and frequency, and the start and renewal dates ready.

Steps

1. Open the property and go to the Mortgage tab.
2. Choose Add mortgage and enter the lender, original amount, rate, term, amortization, payment amount and frequency, and the start and renewal dates.
3. Save.

What happens next

• Wealtharu works out the current balance and a full payoff schedule from the terms you entered, all exact to the cent.
• The renewal date appears in the property's Key dates with a countdown.
• On Pro and up, you also get renewal reminders at 120, 60, and 30 days out.

Notes

• The mortgage record is the authoritative payoff record. It is separate from the rough mortgage balance you may have entered under property financials.
• Net worth, covered in *Property valuation and net worth*, subtracts the current mortgage balance from the property's value to show your equity.