How do you use credit cards to finance down payments without killing your FICO score?
Pay the payment on time and your FICO will go UP!
What I mean is every time you borrow more then 50% of your available credit, your FICO score is slammed hard. Any way round this???
No way around this....I wouldn't advise borrowing the down payment on credit cards to finance a long term investment. Credit cards are a great tool to use for rehab money or uhaul money on a sub2
hypothetically, the advance could be taken after the mortgage credit report, but before COE... nudge nudge.... 30 day lag on posts to credit reports.
Pay the payment on time and your FICO will go UP!
What I mean is every time you borrow more then 50% of your available credit, your FICO score is slammed hard. Any way round this???
No way around this....I wouldn't advise borrowing the down payment on credit cards to finance a long term investment.
Credit cards are a great tool to use for rehab money or uhaul money on a sub2
hypothetically, the advance could be taken after the mortgage credit report, but before COE...
nudge nudge....
30 day lag on posts to credit reports.