Interest deduction

[Anthony Charles]

I am going to buy a house and currently plan on paying the downpayment with cash.

What I would like to do is after closing, take a cash advance from one of my credit cards to reimburse myself for the downpayment. This way I will have very little cash tied up. My credit card interest rate is low.

Then I would like to deduct the interest from the credit card as 'other interest' on Schedule E.

Is there some way to accomplish this? Basically, I want to 'borrow' the downpayment so that I can deduct the interest cost of this cash.

Any advice would be appreciated.