How can I set up an Interest only mortgage payment?

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Fabiana Rivarola
Fabiana Rivarola Member ✭✭
edited May 9 in Registers & Transactions (Windows)

Hi. I have a mortgage but the payment is only to interest. How can I set up interest only??? Thanks

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  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
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    There's really nothing to setup, other than creating the mortgage account itself with the appropriate balance.

    Each month you simply record the Interest Expense into your banking account.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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