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tablet

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Good idea -to use credit card with 0% bal.transfer fee and 0% APR to transfer to card from mortgage
Then, pay off the credit card before the interest accrues. Would this help to pay down the principal of the mortgage faster?

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First I am not even sure that your mortgage company would accept credit card payments, so you would have to make sure that the credit card company will issue you checks. Secondly, this does not sound like a very good idea, maybe in your case it would be, but for most I would advise not to do it. If you put a high balance on this card it will hurt your credit until you get it paid down. You will also be basically, doubling your mortgage payments and you will have to rush to pay the card off before the zero percent expires because if you don't you are going to be paying super high interest on the remaining balance and that would make this whole idea pointless. Why not just apply extra money to your mortgage every month? You will be saving money on interest that way, get the balance paid down, apply extra money to the principle of the loan.

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