Can I put a down payment on a house with a credit card?
Can I put a down payment on a house with a credit card? Although it may be possible to buy an inexpensive house with a credit card, you won't be able to do the same with a down payment on a mortgage loan. That's because the primary purpose behind a down payment is to demonstrate your investment in the home to your lender.
What items should you not purchase with a credit card?
Purchases you should avoid putting on your credit card
- Mortgage or rent. ...
- Household Bills/household Items. ...
- Small indulgences or vacation. ...
- Down payment, cash advances or balance transfers. ...
- Medical bills. ...
- Wedding. ...
- Taxes. ...
- Student Loans or tuition.