If you’re looking to finance a home, you may be wondering if using a credit card is the best way to go. After all, you can use a credit card to pay for just about anything else, so why not a mortgage? While there are some advantages to using a credit card to finance a home, there are also some potential drawbacks to consider before you make your decision.
Using your credit card after mortgage approval.
What not to do while applying for a loan:
Whether credit cards affect mortgage applications.
If you’re writing a loan agreement, the following things should be in it:
Whether mortgage lenders look at your credit card statements.
The rejection of a mortgage application can be devastating, and it can occur for a number of reasons, such as a low credit score, no credit history, excessive existing debt, or a little down payment.