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Entering Your Mortgage Payout Amount in the Encumbrance Tab

Meaghan Morris avatar
Written by Meaghan Morris
Updated over 2 months ago
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13 STEPS

1. Once you have received your payout statement and are ready to enter same, click the encumbrances tab


2. You can upload your payout statement for reference when entering the payout details

3. Click the edit icon next to payment calculator

4. Select the calendar or type in the principal as at and principal to dates


5. Enter the principal amount

6. Select the interest type


7. Enter the per diem amount

8. For any additional amounts to be paid, click the add additional amount button


9. Select who the discharge is to be registered by and enter the fee, if applicable

10. Select if the discharge fees are to be paid by separate cheque and who the cheque is payable to

11. Once done, click back to be brought back to the encumbrance tab

12. Here you will see the payout amount and a summary of details


13. The payout amount is automatically brought into your trust ledger




Next step: Practice

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