- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why can't I pay for my mortgage with a credit card?
Posted on 8/30/15 at 7:18 am to LSULyle00690
Posted on 8/30/15 at 7:18 am to LSULyle00690
quote:
get these rewards
LMAO
0
Posted on 8/30/15 at 7:45 am to LSULyle00690
Because the mortgage company would have to pay over 2% in interchangea merchant fees.
Posted on 8/30/15 at 8:26 am to DaBeerz
That's crazy! I think that most people, me included won't ever pay a house off, not an ot baller. But use equity as a form of savings like I do, or as leverage for what they perceive is a better life. My neighbor forclosed assessed at 224k, owed 244k, borrowed to the hilt when it was high, 07, 08 ect happens and there you go. I have great credit and am not rich, locked in at 4 3/8% and consider my house as a part of my wealth. This is a great thread!
Posted on 8/30/15 at 8:51 am to Franticlethargy
quote:
That's crazy! I think that most people, me included won't ever pay a house off, not an ot baller. y
You plan to have a mortgage when you're retired?
Posted on 8/30/15 at 11:16 am to yellowfin
Yes and no, I can't speak for everyone here, but I'm a chef and about to take a corporate gig for a bunch of money, get out of restaurants, m-f, great benefits ect that would allow me to pay down my mortgage. I may pay it off and just sit (I owe 100k) or move up. I feel finances are a race against mortality. If the risk is worth the reward then sure I might sell and move into something bigger and better
Eta: complex question, and everyone's financial situation is different. I think if I really buckled down I could pay it off an 4-6 years, I would be 45. I want to retire at 55. So lots of possibilities and things to consider
Eta: complex question, and everyone's financial situation is different. I think if I really buckled down I could pay it off an 4-6 years, I would be 45. I want to retire at 55. So lots of possibilities and things to consider
This post was edited on 8/30/15 at 11:32 am
Posted on 8/30/15 at 11:22 am to Franticlethargy
quote:explains a lot
I'm a chef
Do not know you, but people in your profession are traditionally terrible at money and business
This post was edited on 8/30/15 at 11:23 am
Posted on 8/30/15 at 11:37 am to Rouge
Yes I do, and trust me I've seen it all over 20 years, I'm not one of them. Just trying my best to get ahead
Eta: restaurants are like sailing, all you need is a checkbook, but that doesn't make you a fit sailor or good restaurant owner
Eta: restaurants are like sailing, all you need is a checkbook, but that doesn't make you a fit sailor or good restaurant owner
This post was edited on 8/30/15 at 11:54 am
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News