Creative Financing

A few weeks ago I learned how to borrow money Interest Free from my bank because of how their system works. I also took advantage of that system and another slow system to prolong the interest free period.

First, the bank that I use allows checks to be scanned in from home and deposited into an account. Typically this isn't really that big of a deal, but my bank allows that money to be used instantly, up to $5000 in deposits can be made per day at my bank from home.

This post is to recap the events that took place while purchasing my new house (on credit cards) and why I thought it was good at the time and how I feel about it after the fact.

At a Glance

When I decided to purchase my house on a credit card after my pre-approval got nerfed from the recent countrywide problems and they failed to come through on a loan, I took matters into my own hands. Here is are some of the things that ran through my mind while making this decision.