Basically everyone among today’s young people has a credit card, and some even have several. Because credit cards use future money to solve current difficulties, many people want to use credit cards to pay off their mortgages. So the editor will talk to you about whether a credit card can be used to repay a mortgage, and what we need to pay attention to when repaying a mortgage.

1. Can credit cards be used to repay mortgages?

1. Credit cards cannot be used to repay mortgages. This is a kind of arbitrage behavior, which is the most taboo thing for banks. Once the bank discovers this situation, the card will be blocked and will be directly blacklisted by the bank. After that, whether it is applying for other loans or other credit cards It will be very difficult.

2. But we can repay by withdrawing the amount from the credit card, or directly transferring the amount from the credit card. The bank agrees with these two methods, because when we use these two methods, we pay the interest required for credit card overdraft withdrawal.

2. Things you need to pay attention to when repaying a mortgage

1. Generally, the amount of monthly repayment will change as the principal decreases. The repayer must Pay attention to changes in monthly payments. Some people think that repaying a mortgage is just a matter of depositing money into the bank on time every month. In fact, we also need to pay attention to whether the bank's base interest rate has changed. If the bank's base interest rate changes, the monthly payment will also change. . If the monthly payment amount increases in any month and you pay less, the bank will judge it as a late payment, which will seriously affect your creditworthiness.

2. Many people will want to repay in advance when they have sufficient funds, but not everyone can repay in advance. Now the mortgage interest rate has remained high and even increased. trend, so many people want to pay off their loans early to avoid paying more interest. But many people don’t know that if you apply for early repayment if the loan has been repaid for less than one year, the bank will have to pay liquidated damages. In this case, it is not cost-effective for you to repay the loan early.

Editor’s summary: If the repayer is worried about any problems when repaying the loan, when handling the loan procedures, read more about the relevant provisions in the loan contract. If there is anything you don’t understand, you can Ask the person on site.