Spend Your Tax Refund on a New Home
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Sisällön tarjoaa Christine Browning. Christine Browning tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
Today I’m joined by Matt Bassett with Northwestern Home Loans to talk to you about the possibility of using your tax refund to purchase a home.
It’s tax season in central Oregon and if you’re lucky you’ll get a great big tax refund. Can you use that as a down payment to purchase a home? Of course!
There are several great loan options for first-time homebuyers, some of which don’t even require a down payment. Your tax refund can then be used to lower your principal payment by putting extra down or to cover closing costs.
We have a lot of no money down or low money down options that you can take advantage of with your tax refund.
Meet with a mortgage broker as soon as you know how much you’re getting back.
The best time to meet with a mortgage broker in order to come up with a game plan is as soon as you know how much you’re getting back. It’s always best to plan ahead and meeting with a lender early on will give you a huge advantage when you meet with a real estate agent and start looking at homes.
If you’re looking to buy a home and stop renting, you’ll want meet with a mortgage broker before looking at homes so you know exactly what you can afford and what sort of realistic time frame you need to make a purchase. You don’t want to fall in love with a home and make an offer without knowing what your options are or where you truly stand financially.
I highly encourage anyone getting a tax refund to meet with Matt or a local mortgage broker as early as possible. Using that refund to help fund a home purchase will benefit you way more than taking a vacation or shopping.
Also, a great tip to remember is to never make a big purchase when you are thinking of buying a house. You don’t want anything to slow down or get in the way of a mortgage loan going through, so wait to make those purchases until after you’ve bought a home.
If you have any further questions for Matt, you can reach him at (541) 323-7000.
If have any questions for me about using your tax refund to purchase a home, or if you have any other questions about real estate, feel free to give me a call or send me an email. I look forward to hearing from you!
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