Credit card funding

2 Replies

@Daniel Long Currently I’m using it as a bridge for a couple months until I can refi into either a HELOC or a cash out refi. It was a item of last resort after I exhausted other forms of financing to put together my last deal. I’m using a Bank of America card that gives me promo checks that are 0% for 12 months and I have a 30k limit on the card. If you plan to go this route, I’d definitely have an exit strategy in place, and make damn sure it’s locked down before you put money on the card. For instance I ran all my DTI calculations with my cards maxed and with my new loans, and had letters from my lenders saying that they’d approve financing under those terms.

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