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Mortgage Accounts - Not Updating Principle Balance
ToddJ
Member
Hi! Hope you guys can help me. I just bought Quicken this morning and I've spent most of the day linking all my accounts and bills. Some things I'm doing manually.
I own two homes, both with mortgages and while I was able to properly link the accounts, the mortgages do not currently show as having any of the principle paid off. It still shows the current amount as being the initial purchase price. Any idea what I need to do? Not sure why it's not updating. One of the homes I've since paid off about $80k of mortgage principle, and the other only about $10k. Thank you!
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Answers
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I suggest you set up a manual loan account for your mortgages: select Tools > Add Account..., + Offline Account, Loan, Mortgage from the Loan type pull-down menu, ...
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