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FAQ: How do you set up an interest only loan?

Al HarringtonAl Harrington Member
edited July 2018 in FAQ'S (Windows)
An equity loan with interest payments only. Principal repayment as desired. Defined date for final principle repayment.

Comments

  • Howard RoarkHoward Roark Member ✭✭✭✭
    edited August 2016
    CTRL+a, then "Add an Account"; or click "Add an Account" at the foot of the Account Bar.

    Choose "Loan", then "manual loan account" (bottom of dialog box).

    Fill out the loan details and allow Quicken to compute the payment amount.

    Click "Next".

    Note the interest amount, then click "Back".

    Change the Quicken computed payment amount to the interest amount you noted in the previous step.

    Click "Next", and complete the loan setup process.
  • Al HarringtonAl Harrington Member
    edited February 2019

    Thanks for the help.

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