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Tax Refund = New Home Down Payment in Kansas

tax documents on table with pen

Are you getting a tax refund?

If you are one of the lucky people that receive a tax refund, then make the most of it. Yes I’m sure you already plan on using it to pay off bills or buying something you have had your eye on, but let’s face it, there’s always more bills and there will be something else you will be wanting to buy.

How about using that money to really increase your net worth!

Use your refund as a down payment on a home. There are many loan programs that you can get into a new home for as little as 3% down, I know, everyone has told you in the past it takes 20% of the purchase price, but that isn’t right, you can literally purchase a home for only a few thousand dollars up front.

So here is a little example; for a $75,000 house, you would only need $2250 as a down payment. If the seller agrees to pay all your closing costs and prepaids. Yes, sellers will do that!

So this year when your tax refund arrives, put that money aside, contact a Realtor and start looking at homes. Become an owner or upgrade your current home, you will reap the rewards of your hard work.