American Express is rolling out what is likely the first program in the country to let homeowners charge their monthly mortgage payments to a credit card, allowing borrowers to earn reward points on their loans. "[It's] just another progression for us in the real-estate area and in the luxury space," said an American Express executive. Mortgage giants American Home Mortgage Investment Corp. and IndyMac Bancorp are the first two lenders that have signed up for the program.
Thursday, May 24, 2007
Plastic Mortgages = FREE Vacations!
American Express is rolling out what is likely the first program in the country to let homeowners charge their monthly mortgage payments to a credit card, allowing borrowers to earn reward points on their loans. "[It's] just another progression for us in the real-estate area and in the luxury space," said an American Express executive. Mortgage giants American Home Mortgage Investment Corp. and IndyMac Bancorp are the first two lenders that have signed up for the program.
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