Which One Is Correct? Mortgage Account Or Credit Account?
I need to know what the account is called when you use money from your mortgage. Is there such a thing as a mortgage account or is it called a credit account or is it called something else? Please help me out. Thanks!
2 Answers - Sort by: Date | Rating
It would depend on where your investments lie. You have to have good credit to be able to invest in a mortgage. So I'm gonna say both.
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If you take money against your mortgage and then you owe it and have to pay it back, usually they call that a second mortgage. Great question, I am not sure though. That is just my guess.
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