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Any banks let you pay mortgage payments with a CC?

Posted on 2/20/12 at 5:27 pm
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 2/20/12 at 5:27 pm
Just curious
Posted by gizmoflak
Member since May 2007
11858 posts
Posted on 2/20/12 at 5:38 pm to
that would be news to me
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/20/12 at 5:50 pm to
I highly doubt it would be worth it if you could. The problem is that the credit card charges a fee to the merchant. For regular purchases this works b/c most merchants want the extra volume and do a slight markup to cover it. For a mortgage lender, not so much. You already owe them x dollars no matter what, even if you could charge it you would have to pay the additional vendor fee yourself. Probably not worth the trouble.
Posted by rmc
Truth or Consequences
Member since Sep 2004
27373 posts
Posted on 2/20/12 at 6:30 pm to
I seem to remember countrywide having that option. Of course, BOA took over countrywide or at least bought my mtg and there is no option to do it.

ETA: And I may just be mistaken. It's been a while since Countrywide serviced my loan.
This post was edited on 2/20/12 at 6:31 pm
Posted by blacykaty
Katy, Texas
Member since Nov 2009
507 posts
Posted on 2/21/12 at 12:20 pm to
No - the reason is on a cc, you can dispute the charge and have it removed. CW would only take a debit card, not a credit card.
Posted by hoppinnissan
Louisiana
Member since Sep 2011
1003 posts
Posted on 2/22/12 at 10:04 am to
I thought about doing that to rack up the miles but I have not seen a mortgage company that lets you pay with a credit card.
Posted by West Monroe
west Monroe, la
Member since Jan 2005
1024 posts
Posted on 2/22/12 at 11:29 am to
What if you used the check from the credit card company and mailed them in??? Would that work??
Posted by ForeverLSU02
Albany
Member since Jun 2007
52564 posts
Posted on 2/22/12 at 12:28 pm to
quote:

What if you used the check from the credit card company and mailed them in???
I thought about this
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 2/22/12 at 1:02 pm to
Countrywide is gone... hahah
Posted by TigerHoo
DC
Member since Oct 2005
304 posts
Posted on 2/22/12 at 2:57 pm to
Don't think you get miles for the checks you write on a mile-based credit card.
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