At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.
We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site.
Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site.
While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. My husband and I have made a lot of financial progress over the years. But our biggest accomplishment by far is one that took us years to achieve; we paid off the mortgage on our primary home in , but only after making extra payments for what seemed like forever.
And we did it all without paying any fees. While my husband and I used to work in the mortuary industry, we now make a living as full-time bloggers. Our website, ClubThrifty. If you own your home, your mortgage payment is likely your biggest monthly expense -- and if it isn't paid on time, you face a number of late fees and payment penalties.
If you're in between paychecks or waiting for an invoice payment, a credit card could help you make your mortgage payment on time, while offering you additional time to pay the credit card balance.
You can also score cash back rewards by paying this way. But paying your mortgage with a credit card is actually a pretty complicated financial maneuver and in many cases more expensive than paying a late fee. Many mortgage lenders don't accept credit card payments because of the transaction fees and if they do, they charge a processing fee.
That said, it is possible to pay your mortgage with a credit card, but the two primary methods -- using a third-party processor and converting gift cards to money orders -- are far from ideal.
Below, we explore how you to pay your mortgage with a credit card and whether it's worth the hassle. If your mortgage servicer won't accept a credit card payment, there are services that can help you get around that. Companies like Plastiq will charge your credit card for the mortgage amount and then send your servicer the money.
But that work-around comes with a cost, and you'll pay a fee based on the amount you're sending your lender. Credible Operations, Inc. NMLS , is referred to here as "Credible. There are two ways to pay your mortgage with a credit card. Both cost money, time, and effort. If you want to pay your mortgage with a credit card, make sure you know the risks and costs involved beforehand — and consider other, better strategies first to ease the burden of your monthly payments.
Yes, there are a couple of ways to pay your mortgage with a credit card. You can either:. Here are the strategies you may be able to use if you want to pay your mortgage with a credit card. Plastiq is one of the go-to services for paying a mortgage with your credit card — but not all cards are supported. For instance, while Plastiq has relatively few restrictions for Discover and Mastercard users, Visa and American Express credit card holders cannot use the service to make mortgage payments.
If you have an eligible card, all you need to do is open a free Plastiq account. Plastiq will charge your credit card for your mortgage payment — plus a 2. You can then use the money order to pay your mortgage. In the meantime, you may have to make an additional payment immediately to avoid falling further behind on your loan while you wait for the money order to be confirmed. This could also result in a late fee, potentially negating the rewards you were trying to earn. Prepaid debit card fees vary.
0コメント