Can mortgages be paid with a credit card?

Michael Solomich
September 29, 2022
3:55 pm

It is possible to pay your mortgage with a credit card, although there may be some fees and charges associated with doing so. There are a few different ways to do this: you can either use a service that allows you to make direct payments to your mortgage company from your credit card, or you can use a cash advance from your credit card to pay your mortgage directly. However, before you decide to pay your mortgage with a credit card, it’s important to understand the potential risks and costs involved. First, if you’re using a service to make payments from your credit card, you’ll likely be charged a convenience fee. Second, if you’re using a cash advance from your credit card, you’ll be charged interest on the amount borrowed immediately – meaning that you could end up paying more in interest than if you’d just used a personal loan or made regular payments from your checking account. Ultimately, whether or not paying your mortgage with a credit card makes sense for you will depend on your individual circumstances. If you’re confident that you can pay off the balance quickly and avoid accruing interest charges, it could be a convenient way to manage your finances. However, if you’re not sure that you can repay the debt in full before accruing significant interest charges, it’s probably best to avoid using your credit card for this purpose.

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