Variable interest rates on loans (Q Mac)

Shai
Shai Quicken Mac Subscription Member
edited November 2022 in Registers & Transactions (Mac)
On the Loan Payment Terms, under Interest Rate, the menu for choosing Fixed vs Variable is greyed out and is always on Fixed. Is there a way to change this into variable rates?
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  • pstarfam
    pstarfam Quicken Mac Subscription Member ✭✭
    Same question- I have tried the various kinds of loans and it seems Variable is always greyed out. I have HELOC that is variable.....
  • UKR
    UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭
    pstarfam said:
    Same question- I have tried the various kinds of loans and it seems Variable is always greyed out. I have HELOC that is variable.....
    A HELOC should not be defined as a mortgage-type loan in Quicken. It should be set up like a Credit Card, due to its revolving nature: you take money out, you pay some of it back, you take more money out, etc. On a mortgage, you can only take money out once, pay it back and be done.

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