How do I edit loan balloon date?
I have a mortgage that started in October 2021. It has a 5 year balloon which I entered when I set up the loan. Quicken shows in the loan detail that it is a 5 year balloon. However, quicken says the payoff date is September 2025 instead of September 2026. The payment schedule stops in September 2025. I don't see any option to change the balloon date to the correct payoff date.
Comments
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Have you paid additional principal amounts during the loan's lifetime so far?
Does the entire payment schedule, as calculated by Quicken during loan setup, match the payment plan of the bank?
After setup, was the balloon date ever correct?
For each monthly payment you already made, do the amounts of principal, interest, additional principal and optional escrow match the monthly bank statement amounts?
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