How do you make an online mortgage payment?


Quick Answer

Making a mortgage payment online involves establishing an account at the lender's website, then transferring the payment monthly by filling out a form on the site, as Bankrate explains. Payments post efficiently, and lenders usually don't charge for the service.

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Full Answer

Lenders typically appreciate it when borrowers make mortgage payments online because the system is timely, and it provides an automatic record of payment for both parties. While banks also like borrowers who set up automatic payments from their bank accounts, online mortgage payments are best for customers who want flexibility regarding payment date or who want to have some control over the monthly payment process, notes Bankrate.

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