Wednesday, December 05, 2007

Your mortgage payment: I'll charge it

There's a new Website, Cardit.com, that allows homeowners to pay their mortgage by credit card. For $19.99 per month and 2.49% of the monthly amount, mortgagors can put their monthly payment on a credit card.

It's hard to see why you'd ever want to use it, unless you're in a cash bind. The credit card will likely have a higher interest rate than the mortgage.

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