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Subtracting extra principal payment from Mortgage


We pay extra principal on our mortgage in 1 check. I split the transaction in my checking. How do I get my mortgage register to apply the extra princple split to my mortgage?
Thanks Mike
Reply to
Mike DeBerry

The same way the regular principal gets applied to the mortgage: a "transfer" to the loan account.
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John Pollard
First initial underscore Last name at mchsi dot com
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Reply to
John Pollard

Best option is to edit the payment using Ctrl-H and then to add the extra principla as a line item in the Payment of the loan. That way Quicken can take account of the payment when calculating interest due.
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Mike B
Reply to
Mike B

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