50 Year Mortgages in Quicken for Mac

UKR · November 13

Please refer to this discussion / Idea in the Quicken for Windows area for some background.

I had heard about an idea being floated about in Washington: Let's make 50 year mortgages available.
(Let's not discuss the pros and cons of mortgages with terms greater than 30 years here. That's not the place in this discussion, but, if you must, feel free to start a new, separate discussion)

As you can read in the above discussion, Quicken for Windows does not currently support adding a new offline mortgage account with a term greater than 40 years.
I requested a change be made to Quicken for Windows to support 50 year terms (and possibly longer terms than that).

My question here for the Mac users is: Can you add a new offline mortgage account in Q Mac with a term of 50 years?
Does that work or will a change have to be applied to Q Mac?

Jon · November 13

Quicken Mac will let you create mortgages up to 60 years long - over 60 it will flag as an error. So no change is required on the Quicken Mac side to support a 50 year mortgage.

UKR · November 13

https://community.quicken.com/discussion/comment/20521812#Comment_20521812

Thanks, @Jon for looking into this.

Might be a good idea if the programmers could get together and decide what maximum term length to use in both Q Windows and Q Mac … how about 100 years then?

Jon · November 13

I suspect they'd probably stop at 99 so they don't have to modify the UI for a third digit.

Quicken Anja · November 13

https://community.quicken.com/discussion/comment/20521812#Comment_20521812

@Jon Thanks for pointing this out! I went ahead and updated the Idea status.

Thank you!

50 Year Mortgages in Quicken for Mac

Already Offered · Last Updated November 13

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