Do people charge mortgages through their bank’s credit cards if the same bank handles both transactions?
I am getting my mortgage through the bank where I have a credit card.
Is it standard and normal practice to set up payment through the credit card?
Tags: Bank, Banks, both, Cards, charge, Credit, handles, Mortgages, People, Same, Their, Through, transactions
No. payments will come directly from your checking account.
Most people pay via check, or direct debit from their checking account. You probably could pay with a credit card, but I’ve never tried to do that. The mortgage holder might not accept credit card payments, I suppose.
It is common for some to apply for and get a mortgage loan through a bank in which they have a credit card.
Paying your monthly mortgage payment through a credit card could be expensive with the interest rate charged to your credit card. You might do this, however, it would not be a wise financial decision.
You would be the one making this decision, I know some that use their credit card to make their rental income each month, so making your monthly mortgage payment is not that much of a stretch.
It is normal to use your checking account as the vehicle to pay your monthly mortgage payment.
I hope this has been of some benefit to you, good luck.
“FIGHT ON”