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Variable interest rates on loans (Q Mac)

Shai

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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Comments

pstarfam

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

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.