Improved Mortgage Transaction Handling

At SortMe, we continuously strive to enhance the accuracy and efficiency of your financial management. We understand that managing mortgage transactions can be complex, and we are excited to announce an improvement in our handling of mortgage-related expenses.

How mortgage transactions are handled:

Let's assume Jane pays $2,000 every month from her transaction account to her mortgage accoount.

SortMe do the following to Jane's mortgage transactions:

1. The -$2,000  from her transaction account  (to her mortgage account  ) will get categorised as Rent, Mortgage Payment (permanent accom)  
2. The +$2,000  into her mortgage account  (from her transaction account  ) will remain as a Mortgage Transfer  effectively ignoring it from her Spend Overview and Budget tracking.
3. The -$1,000  interest charge from Jane's bank in her mortgage account  will be automatically ignored  by SortMe and labelled as Mortgage Interest

The result is that Jane's Spend Overview for the month will look like this:

• Rent, Mortgage Payment (permanent accom)  : $2,000  
• Interest  : $0  

Your financial clarity and ease of management are important to us. If you have any questions or need assistance with your mortgage and any other transactions, please do not hesitate to contact us.