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Because the current housing prices are too high, many people do not have enough down payment even if they take out all their savings when buying a house, so some people think In fact, using a credit card to pay a down payment is very risky. It will not only increase the repayment pressure in the future, but may also cause the mortgage loan to be rejected. So, can I use a credit card to make a down payment when buying a house? Let’s go and have a look with the editor below. \r\n\r\nCan I pay a down payment with a credit card when buying a house?\r\nYes, but there is a great risk, because such large consumption will be recorded on the personal credit report, thus forming a relatively A high debt ratio will cause greater difficulties when applying for a mortgage. If the explanation is not clear, it will easily cause bank staff to worry about the applicant's repayment risk, resulting in loan rejection. \r\n\r\nWhat are the risks of using a credit card to buy a house?\r\n1. It will be considered by the bank as suspected of cashing out\r\nSince the down payment for a house is relatively large, many people will choose to use a credit card to support it. In fact, this kind of behavior can easily be considered by banks as a cash-out behavior, and cash-out itself is an illegal act. At worst, the funds will be recovered by the relevant units and the card will be blocked, or at worst, the credit report will be included in the bad credit record. \r\n2. Real estate transactions cannot be made in installments\r\nFor many buyers, they will temporarily increase the limit before paying the down payment, use a credit card to pay the down payment, and then use bill installments to reduce the pressure of loan repayment. In fact, This behavior has certain risks. If you fail to repay the loan in time on the repayment date, your personal credit report will be stained, and in the end the gain outweighs the loss. \r\n\r\n3. Bear the credit card handling fee by yourself\r\nI believe everyone knows that credit card swiping requires a certain handling fee. If it is a normal purchase, this fee is borne by the merchant, but in a house purchase transaction This is not the case. Developers will take advantage of buyers' lack of funds but want to buy a house and require the buyer to bear the handling fee, and the buyer will accept the handling fee because he is eager to buy a house. \r\n\r\nSummary: The above is about whether it is possible to pay a down payment with a credit card when buying a house for rent. What are the risks of using a credit card to buy a house? I hope it can provide you with some help. If you want to know more about decoration knowledge, you can pay attention to the relevant information of Qijia.com.

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