Buying a house in Dongguan> Nowadays, in addition to full payment and loans, some people also use credit cards to buy houses. Although there is currently no express provision that credit card limits cannot be used for house purchases, there are things you need to pay attention to when paying a down payment with a credit card. Home buyers We still need to pay attention and learn more about this issue.
1. Don’t use multiple credit cards
If the down payment for buying a house is large, if your credit card limit is high enough, use one That's it. However, if the credit card limit is not enough, it is recommended to use at most two credit cards with large limits, because if you use multiple credit cards at the same time, you will be suspected of cashing out.
2. The temporary limit needs to be paid off in one lump sum
When buying a house, if the down payment using two credit cards is not enough, you can apply to the bank for temporary adjustment of the limit. After the bank approves the application, Increase the amount, up to double, and in most cases by 80%. However, real estate type transactions cannot be paid in installments and can only be paid off in one go. Therefore, when the repayment date comes, you should pay attention to the temporary limit of consumption and also pay off in one go. If the credit card cannot be repaid in time when the repayment date comes, your personal credit report will be stained.
3. Don’t overdue the refund due to a long time
When a home buyer pays a down payment, but the contract relationship breaks down due to subsequent problems, even if the developer will pay the down payment There is also a process for refunding. It is possible that when the down payment is returned to the credit card, the interest-free period of the credit card has passed. In this case, the home buyer needs to withdraw additional funds for advance payment on the day of credit card repayment. Not only is it stressful, some banks have strict controls and will suspect users of cashing out and lower your credit card limit.
4. Determine who will bear the credit card handling fee
If the down payment for the house is not small, the corresponding handling fee will not be low either. Before using a credit card, home buyers should check the charges and related policies of their credit card bank, and agree with the developer on handling fees to determine who will bear the charge before swiping the card to avoid disputes and unnecessary fees in the future.
5. Credit card points cannot be accumulated
The larger the credit card limit, the more points you will get. But if a home buyer wants to use a credit card to pay down points, forget it. The profits obtained by banks from such transactions are low. If the purpose displayed on the card swiping machine terminal is to purchase a house, a parking space, etc., it will not be included in the points. In addition, the card machines used for home purchases generally only accept UnionPay cards and cannot accept foreign currency cards.
6. Be mentally prepared for mortgage risks
In fact, many people think that using credit cards can solve the problem of temporary insufficient funds and help them pay the down payment, and wait until the credit card expires When the repayment date comes, there will be no big problem in paying it off. This is actually a kind of fluke, because real estate is different from other consumption and the amount is relatively large. If house prices fluctuate and fall, the motivation and psychology of home buyers will weaken, and the risk of mortgage loans will also increase. Therefore, if you decide to choose a credit card for down payment, you must be mentally prepared for various situations.
In the future, everyone should pay attention when using credit cards to pay down payments. You must understand the above points clearly and be cautious when buying a house!
There are many good properties for buying a house in Dongguan, such as Sunac Jiuxitai, Vanke Four Seasons Flower City, Songhu Country Garden Tianzhuan, etc., which are all good properties worth investing in.