• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Mortgage Setup (Win)

When you set up a loan for money you are borrowing, such as the money you’ve borrowed for your home mortgage, Quicken sets up two accounts. The asset account tracks the value of your home. The liability account tracks the balance and payments of the mortgage. As you make loan payments, Quicken keeps track of the balance of the loan’s principal, and of how much you have paid in interest. This last number is especially important, because interest on home loans is tax-deductible.

Quicken for Windows uses an assistant to help you set up your loan and asset accounts. Begin by choosing Property & Debt > Property & Debt Accounts > Add Account. The Quicken Account Setup Assistant appears, with a choice of different loan types. Click House (with or without Mortgage), then click Next.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint