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Quicken Classic for Windows
Investing (Windows)
MAKING A MORTGAGE LOAN TO OTHERS
JR3766
Please tell me how to enter a mortgage loans I make to other people? I loan my personal money direct to various borrowers. I need to be able to track payments received, apply principal to amortize the balance and track the interest earned. I am using Quicken Home & Business for Windows.
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Accepted answers
Tom Young
Set up an asset Account in Quicken and post the disbursement of the original loan principal to that Account. Click the gearwheel in the upper right hand corner of the Account and select "Convert to a Lending Loan..."
Boatnmaniac
More detail on this process can be found at
How do I set up a loan for which I am the lender?
All comments
Tom Young
Set up an asset Account in Quicken and post the disbursement of the original loan principal to that Account. Click the gearwheel in the upper right hand corner of the Account and select "Convert to a Lending Loan..."
Boatnmaniac
More detail on this process can be found at
How do I set up a loan for which I am the lender?
JR3766
IT WORKED PERFECTLY!!! THANK YOU
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