Saving for a house? You’re not alone! But between the down payment and closing costs, it can feel overwhelming. Here’s some good news: your tax refund can be a game-changer!
Think about it: a bigger refund means a bigger boost towards your dream home. As Credit Karma explains, “A tax refund can give you a start on the road to homeownership.” Alternately, if you’ve already started to save, your refund can move you along more quickly.
Of course, this advice will vary from person to person. The exact amount each person gets back will differ, but every penny counts! According to CNET, the average refund is up 6.1% this year. 2023’s average tax season refund was $2,903, while this year’s is $3,081. That’s no chump change!
Ready to unlock the potential of your refund? Here are some ways to use it for your new home, courtesy of Freddie Mac:
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Down Payment Power Up: A down payment is often the biggest hurdle. Your tax refund can help you reach that goal faster!
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Closing Cost Conqueror: Closing costs can add up quickly. Use your refund to tackle these expenses and move closer to closing day.
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Mortgage Rate Magic: Want a lower monthly payment? Use your refund to buy down your mortgage rate. This can save you thousands over the life of your loan!
The best part? You don’t have to navigate this alone! The home buying journey can be exciting, but it can also be complex. That’s where an expert buyer’s agent from Surterre Properties comes in. He or she will be your trusted real estate advisor, there to advocate for you every step of the way. Since the market is currently a bit nuanced for buyers, a seasoned buyer’s agent is indispensable!
Let your Surterre specialist be your champion. Contact us today at SurterreProperties.com and unlock the power of your tax refund to make your dream home a reality.
