how do I extend payments for a loan [I am the lender]

Question

I hold a mortgage for another person [set up as an asset]. The loan has a fixed payment and is set up for final payment in a month with a balloon payment. How do I change the final date and let the regular payments continue for the next 8 months?

Sherlock · Accepted Answer

I suggest you reset the original length of the loan by the additional 8 months: select Edit Terms...  Quicken should recalculate the payment for the current balance.  You may then adjust the payment reminder.

Always save a backup before making any significant changes to your Quicken file: press Ctrl + B