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It#39;s bad idea to use credit card to pay mortgage (Erie Times-News)This is a discussion on It#39;s bad idea to use credit card to pay mortgage (Erie Times-News) within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Dear Debt Adviser, I have a bmortgage/b of $213000 on a home valued at $276000. My credit score is 713.Source:It's ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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11-20-2008, 05:54 AM
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It#39;s bad idea to use credit card to pay mortgage (Erie Times-News)
Dear Debt Adviser, I have a bmortgage/b of $213000 on a home valued at $276000. My credit score is 713.Source:It's bad idea to use credit card to pay.
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