Friday, January 13, 2017

Paying Your Mortgage With A Credit Card

MoneyTips

Most credit cards have rewards programs or sign-up bonuses these days, and many of those rewards increase with your level of spending. Doesn't it make sense to funnel your large regular expenses, such as mortgage payments, through your credit card to reap those rewards?

Paying your mortgage with a credit card may be a reasonable option for you, but it requires planning and care — as well as a willing mortgage company and credit card issuer.

First, verify with your mortgage lender that they will accept payments by credit card and understand how to execute those payments. Typically, a lender that allows credit card payments will accept those payments online. Check the lender's website for an online payment section, and put in the information necessary to set up payment via credit card. Verify with your lender when the payment will take effect to avoid any potential gap in your mortgage payments.

Next, search for a credit card that will allow you to make m...



from MoneyTips http://www.moneytips.com/paying-your-mortgage-with-a-credit-card

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