Credit cards have an advantages when it comes to your home ownership, it can be difficult to make or meet repayments in the near future if your mortage rate goes up a few basis points on what your already paying. It can be an terror each month it increase about $50 to $80 dollars depending on your loan amount owning. If you fixed it a few years ago then it would have been smart and if you didn't you know what im talking about.
If the rate of your mortgage raises but your salary doesn't will mean that you are losing more of your savings. When that happens year after year the amount will go into negative gearing and you will end up selling your home. If you loved your home that you purchase, and want to continue living there for a few extra months or you cant make it this month because of some sort of curiumsances is that you can make a withdrawal on advance cash and banking it into your home. It is an option if you can find money that you can borrow interest free.
The rate can be high as 21% pa on the amount you taken out, but remember it is calualated daily. For a $5,000 dollars your looking to make a minium of around $120 dollars a month.
Openning a credit card with a home will grant you credit for around about $15,000-$20,000 dollars, if your card has a $15,000 credited and your mortgage is say $2,000/month you can last atleast 6 to7 months more before selling your home or your bank takes it for auction
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