Quote:
Originally Posted by Northendzone
i am assuming that this thread does not apply to anyone who buys there home using some type of credit card, or cash?
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I did buy my investment property with those 0% credit card to do the down payment. You have to be careful and pay off the minimum every single month or you'll lose the 0% rate.
It's not really 0% as you pay 1% transaction fee. And since it was on reducing balance so your effective interest rate is a little higher than 1%.
It's OK to do so as long as you can pay off the remaining balance when those 0% term ends.