Key takeaways
- Tax refunds could be a substantial influx of cash – use it wisely
- A tax refund could cover your whole down payment
- Funds to close are often overlooked until you have to pay for them
- Deposit the refund and keep it there to build your financial strength
With good planning, a tax refund could cover the whole down payment for a home purchase!
If you’re looking to buy a home at the start of the year, there’s good reason to hang on to your tax refund. This is the time of year when potential homebuyers have the most funds at their disposal, and that extra money comes in handy when making a down payment on a home, financing funds to close, or building financial strength. So don’t go on a spending spree just yet! Continue reading