Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

Quicken and Wells Fargo Biweekly Mortgage

Hi all,

I am trying to determine whether Quicken (current version for Windows) can handle the type of biweekly mortgage payment I have with Wells Fargo. I pay half the mortgage payment every 2 weeks. But in months where there are 3 payments in the one month, one of the 3 payments becomes a principal only payment.

I've tried setting up this mortgage as a biweekly payment but there doesn't seem to be a way to manage the principal-only payment when this arises. Is this too complicated for the program or is there a way to do this that I am not familiar with?

Thanks in advance!

Liana

Best Answer

Answers

  • teendoc
    teendoc Member ✭✭
    Hi Sherlock

    Sorry for the delay in replying. That’s an elegant solution. It saves me from all the calculations and splits I have had to do so far.

    Thank you!
This discussion has been closed.