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Cash advances usually accrue interest, which you can minimize by paying back the advance as soon as possible. Technically, you can make a down payment on a house with a credit card if you get a cash advance. If the house is cheap enough and your credit limit is annual credit score free enough, you could even buy the whole house on your card, according to Nasdaq. If you really want to pay your mortgage click here a credit card, however, you can use a third party like Venmo or Tio, which will do that for you - for a fee.
Fha loans nc out those fees before you make a decision. Instead of paying hefty cash advance fees and high interest, there are fha loans nc ways to get money for a down payment. Depending on your employer, you might be able to get a loan from your k. Using a credit card to make a down payment is probably not the best financial decision because the interest rates are almost always higher than even those on subprime loans. If you want to use your card so you can take fha loans nc of generous rewards programs, remember that paying off your credit card balance before that interest kicks in is key - otherwise, you might negate any perks fha loans nc stood to gain.
Barri Segal contributed to fha loans nc reporting for this article.
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