Read about: Home Owners Loan Corporation - Roosevelt Instituteĭescription – You can add some details to help you remember what the loan is (it’s a great way to distinguish between different loans of the same type, like two car loans, you can add details here to more quickly determine which car is being tracked).Ĭurrency – If the loan is in a different currency, you can change it from USD to whatever the currency should be for the loan. You can make all of the same changes as you would with a completely new loan. Quicken will automatically populate some of the fields from the liability entry, such as your current balance.
It looks similar to the one you were just on, but now the Type is LOAN.įrom there, you go through the same steps as if you were adding a loan. Make any changes you would like on the updated window.If you are sure you do want to, click Convert to Loan. You will be given a chance to quit the conversion if you don’t want to make the change.The following screen opens. Click on the Convert to Loan button.Right click on your Liability loan and select Edit “Liability” Settings….Complete the following steps to make the conversion once you have the time to complete the process.
If you don’t feel like converting your account now, you can make the transition later. Read about: Estimate Your VA Dwelling Mortgage Funding Charge & Month-to-month Mortgage FundsĬlick on the Convert to Loan Account button, and the program will walk you through adding a loan.
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