Many people want to use multiple credit cards to realize their wish of "buying a house with empty gloves", such as taking out a 3% down payment from a credit card, and then applying for a 7% mortgage. You can buy a suite without paying a penny. But can you really do this?

1. In fact, this operation is feasible in theory, but there is a prerequisite, that is, whether you have the ability to repay the loan.

For example, if a house with a million dollars is cashed out with a credit card, 3, yuan and 7, yuan will be applied for a bank mortgage. Monthly credit card repayment, as well as monthly mortgage and interest, even if credit cards can always be used to superimpose loans and repayments, the interest generated is very irresistible.

2. If the mortgage cannot be repaid, it will lead to "overdue repayment" and additional penalty interest will be paid to the bank. The default interest rate is raised by the bank by 3% to 5% according to the loan interest rate basis of the loan contract.

3. If there are too many overdue records, the bank may take back the mortgage in advance according to the contract, that is, pay off the principal and interest in one lump sum. Moreover, if the overdue period is too long, it will be defined as malicious overdue by the bank, and the bank will send staff to start collection, collection, SMS collection, door-to-door collection, etc., which will seriously affect the normal life of themselves and their families.

4. If it still doesn't pay, the bank will ask for a repayment plan. If it still doesn't pay as planned, it will be sued by the bank. If it is still impossible to perform, the court will enforce it, and if there is no other property to deduct, the court will auction your property.

5. In addition, all the legal fees, preservation fees, attorney fees, execution fees, auction fees, etc. arising from the whole process must be borne by the lender, and even be included in the "list of people who have been executed in bad faith". Therefore, it is not feasible to buy a house with empty credit cards, so don't try, otherwise you will really lose your wife and lose your soldiers, and you will owe a lot of debts.