My answer may surprise you!
You probably didn’t know that banks DO NOT report mortgages on the credit bureau. (credit unions and trust companies DO REPORT and *some banks do report secured lines of credit)
Having said that, history shows that a missed credit card payment would be reported to the credit bureau, whereas a missed mortgage payment would not.
I’m not saying don’t make your mortgage payment, as this is a secured debt, but as much as credit cards are NOT secured debt, the SHORT term impact of not paying can be much more damaging to your credit.
You may want to call me to discuss 604-273-2002
Mark Fidgett | 604-273-2002
“Your Personal Mortgage Consultant….For Life!”
PS – Please Don’t Keep Me a Secret
A REFERRAL is when you INTRODUCE someone you care about to someone you TRUST!
T 604.273.2002 | F 604.522.2072
W http://www.notapennydown.com
An independent Mortgage Specialist associated with the Verico Mortgage Network.
