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

Qcustomer80
Qcustomer80 Quicken Mac Subscription Member
edited May 2022 in Registers & Transactions (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 Quicken Mac Subscription 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 Quicken Windows Subscription SuperUser ✭✭✭✭✭
    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 February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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