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Loan Types FAQs


Does Undebt.it support multiple interest rates?

Created February 19, 2021 38,311 Views

Undebt.it does not yet support multiple, tiered interest rates. However, it's high on my list of things to do. One thing you can do in the meantime is figure out the weighted interest rate of the tiers and use that as your interest rate. Tiered interest rates are when you have an account with some ...read more

Can I track my home mortgage on Undebt.it?

Created March 9, 2021 33,578 Views

Yes, you can keep track of your home mortgage. When you setup the debt account, make sure to choose Mortgage as the account type. Once you change the account type to mortgage, there will be an additional field labeled Escrow, Taxes & Insurance available. Use the principal payment amount as the M...read more

I have a student loan that's not due for another six months.

Created February 17, 2021 32,090 Views

Undebt.it supports deferred due dates, so just add it in like any other debt account and choose the actual due date. Check out the Debt Snowball Table and you'll notice that there won't be any payments due on your student loan until the month when the payments are scheduled to kick in. One thing to ...read more