
Are Facebook Pages “Dead” For Real Estate Agents?
Hey there, Real Estate friend – I know Facebook can really burn your biscuits, but… Don’t throw in the towel just yet. Your business page
If you’re curious about whether you can pay your mortgage using a credit card, it’s probably for one of two reasons:
Either way, while there may be some exceptions, it’s not something most mortgage companies allow for a number of potential reasons, such as:
But if you were really hoping to find a way to pay your mortgage with a credit card, a recent Yahoo Finance article reports that you can use a third-party payment service (Plastiq) to do so. However, you’ll need a credit card from the Discover or Mastercard networks, and you’ll have to pay the service a 2.9% fee — which could get pricey depending upon how much your mortgage is — and a “delivery fee” which varies from one lender to the next.
If you’re going after credit card perks, perhaps those fees are worth it. But if money is already tight, those fees could make matters worse.
Whether you’re considering this approach because of monetary issues, or flush with cash and just to work the system to gain some financial rewards, there are a few things you should consider before using your credit card to pay your mortgage. While we mentioned the additional fees you’ll have to pay above, here are a few other things that could cost you in different ways:
Relying on credit cards to cover essential expenses like mortgage payments can lead to a cycle of debt accumulation, making it challenging to break free from financial difficulties. It may be a short-term solution, but it doesn’t address the underlying financial issues. It’s important to consider more sustainable financial strategies.
If you’re facing a potential late payment on your mortgage, can’t pay it at all, or just see that becoming a near possibility in the near future, here are a few things you should consider doing, rather than using your credit card to pay your mortgage:
The Takeaway:
Using a credit card to pay your mortgage isn’t typically allowed by lenders, but there’s a third-party service that allows you to do so.
It may make sense to do it if you’re simply trying to game the system to rack up some credit card rewards with a large transaction, and are good about paying off the balance each month. Just be aware that it could still have some negative impacts on your credit, and cost you some fees that may or may not be worth incurring.
However, if you’re using this method because your finances are not in good shape, this may make matters worse for you. Assess whether this is an attempt to remedy a short-term or long-term problem. If it’s short-term, try and find other means to make your monthly payment and/or speak with your lender. If it’s long-term, speak with your real estate agent to come up with a solution to find a new home within your budget before your finances and credit score are in worse shape.
(Shh, our secret)
Show your sphere your an expert. We have over 1000 articles covering every real estate topic your audience will love.
Position yourself as a real estate authority!
Real estate + topical events — the perfect match!
Become the bearer of good vibes!
Because hey, everyone loves to laugh!
Get our weekly email that makes communicating with your sphere on social actually enjoyable. Stay informed and entertained, for free.
Hey there, Real Estate friend – I know Facebook can really burn your biscuits, but… Don’t throw in the towel just yet. Your business page
Social media made marketing yourself as an agent about as cheap and easy as it comes. Years ago, you had to have a good chunk
Statistically speaking, the majority of real estate agents don’t make it beyond a couple of years, so don’t feel bad if you’re thinking about giving
There are tons of ways and places to market yourself as a real estate agent, but email marketing has to be one of the best
National Days used to be few and far between and were meant to mark the occasion of something truly special worth celebrating, and a lot
This reset password link has expired. Check the latest email sent to you.