How Your Taxes Can Work For Your Home Loan!

It's that time of year again, the beginning of Tax Season 2022! If you're expecting a sizeable refund this year, there are three easy ways you can use it to strategize your perfect home loan!

SAVE FOR A DOWNPAYMENT
Many homebuyers overestimate the amount of money needed for a down payment on a mortgage, but with the added financial boost of your tax refund, you may be more prepared than you think!

PAY FOR CLOSING COSTS
Another area your tax refund may be put to good use; closing costs! These can equate up to an average of $3,600-$4,000 just for the loan service! Great way to help pay!

LOWER YOUR INTEREST RATE
Already saved enough for your desired downpayment and closing costs? Why not use your refund to help your wallet in the long. You can pay to lower your interest payment on your mortgage!!

For more strategies on how to have your money work for you, call today!