Help with home loan

I created a home loan & it shows up in my left window under "Property & Deb t" with the correct balance in red. I made a manual payment today but can't seem to get the principal payment to lower the loan. I also tried making t he transaction a transfer but the loan doesn't show in the drop down window . Also the loan isn't showing in brackets. What am I doing wrong?

Reply to
scottw2000
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On Saturday, September 10, 2016 at 12:19:12 PM UTC-5, snipped-for-privacy@gmail.com wr ote:

ebt" with the correct balance in red. I made a manual payment today but can 't seem to get the principal payment to lower the loan. I also tried making the transaction a transfer but the loan doesn't show in the drop down wind ow.

Did you enable that loan, in Q, for downloading from your bank? IF so, you removed ALL ability that you have to manage the loan. Only the download f rom the bank can be posted to the loan account ... and that will ONLY be th e principal portion.

If you didn't enable the loan for download, did you use Q's "Loan wizard" t o set up the loan? It would have created a recurring payment to properly a mortize the prin and interest.

Lastly, what Q product, and year, are you running? What OpSys?

Reply to
danbrown

Debt" with the correct balance in red. I made a manual payment today but c an't seem to get the principal payment to lower the loan. I also tried maki ng the transaction a transfer but the loan doesn't show in the drop down wi ndow.

ou removed ALL ability that you have to manage the loan. Only the download from the bank can be posted to the loan account ... and that will ONLY be the principal portion.

to set up the loan? It would have created a recurring payment to properly amortize the prin and interest.

2016. Yep it is enabled to the Quicken Loans site. I just did an update & i t brought in the payment but it split it between P & I even though it was a P only payment. I can't edit it. It seems like I have 2 transactions now t hat are really one & not linked in any way. All I can do with the payment i n my checking where it originated is post it to Loan payment, an expense. N ot the way I wanted it. I can't unlink the loan without deleting it, it see ms. Am I screwed? Pretty stupid system as I gave up complete control when I onl ine enabled it.
Reply to
scottw2000

& Debt" with the correct balance in red. I made a manual payment today but can't seem to get the principal payment to lower the loan. I also tried ma king the transaction a transfer but the loan doesn't show in the drop down window.

you removed ALL ability that you have to manage the loan. Only the downlo ad from the bank can be posted to the loan account ... and that will ONLY b e the principal portion.

d" to set up the loan? It would have created a recurring payment to proper ly amortize the prin and interest.

it brought in the payment but it split it between P & I even though it was a P only payment. I can't edit it. It seems like I have 2 transactions now that are really one & not linked in any way. All I can do with the payment in my checking where it originated is post it to Loan payment, an expense. Not the way I wanted it. I can't unlink the loan without deleting it, it s eems.

nline enabled it.

Sorry, but there's only 3 things that you can do at this point:

1) Live with it. Not what you want, but an available option 2) Delete the loan and re-build it as not downloadable 3) Restore from a backup created before you created the loan, and then re-b uild it.
Reply to
danbrown

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