Pay a bill from mortgage redraw?

#2 03-03-2004, 10:29 PM

Glad I could help. Thanks for the feedback.

"Craig4wd" <craig4wd[at]yahoo.com> wrote in message
news:6b0a01c40165$469fd0e0$a101280a[at]phx.gbl...
- quote -

> Appreciate the reply - thanks. Very helpful link.

#1 03-03-2004, 08:19 PM

Appreciate the reply - thanks. Very helpful link.

- quote -

> -----Original Message-----
> True enough. A loan account is great for a conventional
loan. For a line of
> credit it isn't so great. Maybe you want a line of
credit instead?
> A loan payment also cannot be made directly from a
paycheck. See
> http://www.bollar.org/msmoney/#Q35.
> "Craig4wd" <craig4wd[at]yahoo.com> wrote in message
> news:5f3d01c4010a$aa52cb70$a301280a[at]phx.gbl...
> > I don't know how to put my nett pay straight into my
> > mortgage (as opposed to a bank account) and how to pay
a
> > bill from my mortgage.
> > > It appears as if I can't use a 'loan' to 'pay from'
> > or 'pay to'
> > > e.g. I want my pay to go straight to my home loan
> > account (not a savings account etc.) and I want my
bills
> > to be paid by drawing against my home loan (again, not
> > from savings account)
> .

03-03-2004, 12:07 PM

True enough. A loan account is great for a conventional loan. For a line of
credit it isn't so great. Maybe you want a line of credit instead?

A loan payment also cannot be made directly from a paycheck. See
http://www.bollar.org/msmoney/#Q35.

"Craig4wd" <craig4wd[at]yahoo.com> wrote in message
news:5f3d01c4010a$aa52cb70$a301280a[at]phx.gbl...
- quote -

> I don't know how to put my nett pay straight into my
> mortgage (as opposed to a bank account) and how to pay a
> bill from my mortgage.
> It appears as if I can't use a 'loan' to 'pay from'
> or 'pay to'
> e.g. I want my pay to go straight to my home loan
> account (not a savings account etc.) and I want my bills
> to be paid by drawing against my home loan (again, not
> from savings account)

#-1 03-03-2004, 09:31 AM

I don't know how to put my nett pay straight into my
mortgage (as opposed to a bank account) and how to pay a
bill from my mortgage.

It appears as if I can't use a 'loan' to 'pay from'
or 'pay to'

e.g. I want my pay to go straight to my home loan
account (not a savings account etc.) and I want my bills
to be paid by drawing against my home loan (again, not
from savings account)

Help!!!!

Thanks.

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