Deferred Mortgage Payments

Elarie

How can I adjust my mortgage account to compensate for deferred mortgage payments?
I've deferred payments for a few months during covid. If I edit the loan length, then it recalculates the principal payments. I don't want that. Is there a way to:
1. Adjust payments to only include the interest and not the principle
2. Adjust the length of the term to add the deferred payments to the end of the mortgage without it affecting the principle and the payment schedule?

Quicken_Tyka

Hello @Elarie

Thank you for taking the time to visit the Community to ask your question.

If you haven't done so already, I would recommend taking a moment to review the information from a previous discussion:

https://community.quicken.com/discussion/7872465/defered-mortgage-payment

Please let me know if this information is helpful!

-Quicken Tyka

Quicken_Tyka

Hello @Elarie

Thank you for taking the time to visit the Community to ask your question.

If you haven't done so already, I would recommend taking a moment to review the information from a previous discussion:

https://community.quicken.com/discussion/7872465/defered-mortgage-payment

Please let me know if this information is helpful!

-Quicken Tyka