How do I enter an early payoff on an mortgage loan?

theresahubbell

I am using Quicken Deluxe and I am trying to enter an early payoff for a mortgage loan. We refinanced the loan and I tried using the directions for transferring the loan but that did not work since the only directions I found did not follow the menu items/directions for the Quicken I am running apparently. I do have the new loan entered and linked to the house but it still shows the old loan outstanding and I cannot find how to enter the payoff. It does not seem like it should be this difficult or complicated. I would appreciate any help! Thanks!

Sherlock

I suggest you use the loan payment reminder or memorized payee: open the loan, press Alt + Shift + N, select Enter Loan Payment, Split, enter the remaining principal as a transfer to the loan account on the third entry, select Adjust, OK, reset the date field, ...

Sherlock

I suggest you use the loan payment reminder or memorized payee: open the loan, press Alt + Shift + N, select Enter Loan Payment, Split, enter the remaining principal as a transfer to the loan account on the third entry, select Adjust, OK, reset the date field, ...