How does one enter a 5 year ARM in Quicken Mac.

How does one enter a 5 year ARM in Quicken Mac. I've selected various terms. Via add new account->loans->Mortgage, then add what I believe to be correct terms, however the payment amount isn't adjustable.

Answers

  • jacobs
    jacobs SuperUser, Mac Beta Beta
    Quicken Mac doesn't have any specific features for an ARM. When the rate changes each year after the first 5, you'll have to edit the loan terms for the new rate.
    Quicken Mac Subscription • Quicken user since 1993
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    I'll add that QWin doesn't have any ARM specific features either ... and @jacobs' suggestion for QMac is also the way to handle this in QWin.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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