USING A TAX REFUND FOR DOWN PAYMENT

Tax time is the perfect time to sit and get a financial review before you finish up taxes and push the go button… or if you have already finished your taxes, we highly encourage that you speak with a loan officer and your tax advisor to see what things could improve your tax situation and even your living situation.

This is a perfect opportunity to refinance, possibly sell and purchase up into a different home that meets your current needs. For some older or empty nesters, it may actually mean downsizing and putting some money away for traveling and security or just for pure comfort.

Owning a home is so much easier to do when you know how to structure your money in an effort to better positon yourself for a purchase. There are so many ways that can truly work to your benefit.

You always want to put a portion of the money you bring home towards your housing but do not forget to pay yourself first. You may very well bring home more money by simply buying a home.

The tax deductibility for taxes and insurance on a house may help you live better by paying overall less in taxes.

We suggest using refunds towards a down payment on a home that could ultimately be yours, instead of paying off the never ending little bills. You know the routine.  We do this every year, charge and pay and we charge again. We will always have some sort of debt as long as it is manageable and not out of control. You can have some debt but a home is a positive and good debt to have. We always need a place to live and this mortgage may very well help you increase your refund or help to keep you from paying extensive taxes every year.

Need to improve your credit? PRMG can guide you along the way, don’t just pay what you think you should, let the experts help you figure out how to really make a difference in your credit score.

Tax time is the perfect time when you have it all fresh in your mind and a new year to put yourself in a better financial position.

A simple mortgage review costs you absolutely nothing and doing nothing costs you money.