I need to secure a loan to an asset (e.g. a mortgage to a real estate item)

To secure a loan to an asset, such a a mortgage to a home, a car loan to a vehicle, etc., begin by creating the asset in the Inventory section.

Then, move to the Liabilities tab, and click the Add New button in the top-right corner.

Select the Liability Type "Loans Payable". You can then enter further details on the loan's value and terms.

In the Loan Secured field, select Yes. You will then be able to choose the appropriate Asset Type and Item to secure the loan.

 

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Next steps

If you are still having difficulties, please create a support ticket by emailing support@estateably.com, or wait for a response if you've already created one.

If you've created a support ticket but solved your issue using this article, please let us know by responding to the follow-up email.

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