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How do I set up twice monthly mortgage payments?

DebRun

I recently switched to two mortgage payments per month and can't figure out how to make the change in Quicken (subscription service).
It would seem that, given that Quicken loans has a biweekly payment option they would support more than just monthly payments.

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Sherlock

Biweekly is not twice monthly and Quicken Loans is an entirely different company.

To set up a twice monthly loan payment reminder, select Twice per month in the Payment schedule: pull-down menu in the Loan Details window.

Sherlock

DebRun said:

I set it up manually several months ago.
Quicken - Deluxe, 2020, R31.12, 27.1.31.12
My Loan Details screen has fewer choices and the only options are reminder vs. memorized payee.
I hope that the image I pasted shows

If the terms of the loan changed, open the account and select Edit Terms... on the Loan Detail view.

Before making significant changes to your data file, save a backup: press Ctrl + B

All comments

Sherlock

Quicken Francisco

Hello @DebRun

Thank you for reaching out on the community and telling us about your issue. I do apologize for the issue you're having. If we could get a couple of more details it may help. I believe you have the loan set up manually but to be sure if you're able to confirm. If it's a downloaded loan we're not able to add transactions manually but we'll need more information to see what exactly we can do.

Once you get a chance let us know more and we'll take a deeper look!

Thanks,

Quicken Francisco

NotACPA

Why can't you set "Twice per month" as the payment schedule?

DebRun

I set it up manually several months ago.
Quicken - Deluxe, 2020, R31.12, 27.1.31.12
My Loan Details screen has fewer choices and the only options are reminder vs. memorized payee.
I hope that the image I pasted shows

image.png

Sherlock

DebRun said:

I set it up manually several months ago.
Quicken - Deluxe, 2020, R31.12, 27.1.31.12
My Loan Details screen has fewer choices and the only options are reminder vs. memorized payee.
I hope that the image I pasted shows

If the terms of the loan changed, open the account and select Edit Terms... on the Loan Detail view.

Before making significant changes to your data file, save a backup: press Ctrl + B

DebRun

Great! Edit Details was what I needed.
Thanks!