Would you pay $50 to have your mortgage cleared off in full?

Hi,

I am looking for opinions from you as to whether you would pay $50 to have your mortgage paid off in full?

Let me explain further.... if you paid $50 and you along with many others were entered into a draw, like a lottery whereby 1 winner was chosen each month and that winner had their mortgage paid off - the money was lodged directly into their mortgage account.

So, if you had a mortgage for the next 30 years then this once off payment of $50  means the cost of each draw is .16 cent. By the way at the end of your mortgage term you get back your $50. Monies raised are used to clear a persons mortgage every month with the balance used to help people with financial difficulties, stop foreclosure etc..

The "lottery" by the way is run by an approved, authorised, regulatory approved gov agency.

What do you think? Would you pay it?

Look forward to hearing from you.

LC