Mortgage
Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:
“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move you down the road faster.”
While how much money you may get in a tax refund is going to vary, it can be encouraging to have a general idea of what’s possible. Here’s what CNET has to say about the average increase people are seeing this year:
“The average refund size is up by 6.1%, from $2,903 for 2023's tax season through March 24, to $3,081 for this season through March 22.”
Sounds great, right? Remember, your number is going to be different. But if you do get a refund, here are a few examples of how you can use it when buying a home. According to Freddie Mac:
The best way to get ready to buy a home is to work with a team of trusted real estate professionals who understand the process and what you’ll need to do to be ready to buy.
Your tax refund can help you reach your savings goal for buying a home. Let’s talk about what you’re looking for, because your home may be more within reach than you think.
Stay up to date on the latest real estate trends.
Over time, home values usually grow – and that means a homeowner’s net worth does too
Here’s what the latest forecasts show.
With less competition and serious buyers on the hunt, you’ll be in a great position
To make sure you’re considering all your options and making the best choice possible, let's have a conversation.
Experts agree the share of homes bought by investors is declining
At this time of year, your home can really stand out.
There are actions you can take that could help you set yourself up for success
It’s important to plan carefully and make sure all parties are clear on the details
Most homeowners are in a strong position
You’ve got questions and we can’t wait to answer them.