Hello, why credit cards are important when you need to buy house?

hi, I'm little bit confusing can buy houses by credit cards in US? (it's relevant about subprime crisis) how people buys their houses in US? is it important credit cards? thank you!!!Hello, why credit cards are important when you need to buy house?
Credit cards can be important when establishing credit. It shows that you can handle a debt.





The subprime crisis happened because mortgage lenders gave loans to people with bad credit, or could not afford the house. People were stating their income, not verifying it, so they could qualify for a large loan. The Loan Officers were not doing their job protecting the client, by verifying their income. They put them on adjustable rates and interest only rates. Now they rates are adjusting to 8% and up, people can't afford these houses, and they are foreclosing.





The mortgage companies now want to make sure you have a good credit history, which if you have none, can take years to establish. If you are new to the US Housing Market, I would suggest applying for an FHA loan as they give good loans to people that have less than perfect or no credit. They also give loans to resident aliens.Hello, why credit cards are important when you need to buy house?
Credit cards are a good way to show payment history so lenders will trust you with the kind of $$ it takes to buy a house. But, no, you never, ever put a house payment on a credit card, that's asking for bankruptcy.





And, do yourself a favor and learn proper grammar. You have lots of missing words so your sentences barely make sense and there are lots of improper verbs and adjectives as well.
No, the credit card shows to the banks and lenders that you have a responsible habbit of paying your debts on time and not overcharging and going nuts with ';free'; money.





IN the US you apply for a loan from a lender, they check your credit rating, job and history, then approve not not approve your loan.
Managing your debt and credit is what the lender is looking for. Nobody should ever think or try to buy a house on a credit card....you most likely wouldn't get approved anyway. The banks want to see you managing the different types of accounts nicely.