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Finding Your Downpayment - Tip #1: Tax Refund

By
Real Estate Agent with Remax Excellence - Silver Spring, MD Maryland #318884

The first thing you'll need to do when buying your first home is come up with your downpayment. Your downpayment can be anything from 0% up to as much as 50%. There are lots of ways to come up with your downpayment when buying your first home. Here is Tip #1 for Finding Your Downpayment!

Finding Your Downpayment - Tip #1: Use Your Tax Refund For Something Big!

tax refundSo you say you aren't a saver. Or you think it is going to be too difficult to save enough for a downpayment. Well, one of the fastest and easiest ways to come up with your downpayment is to use your tax refund.

Many people use their tax refund to pay off bills or to buy things they've wanted for a while. Why not use your tax refund for something bigger ur tax refund to purchase something that will be yours for a lifetime?  Most lenders don't care where you get your downpayment.  They just want to know that you have it.

For more ways to find your downpayment for when you’re ready to buy, e-mail us or click here to visit our website!

Emcee Arah
RE/MAX Excellence Realtor with Architectural Dimension

Serving all your Real Estate needs in MD, VA & Wash., DC

Comments (2)

Team Honeycutt
Allen Tate - Concord, NC

Knowing that you are planning to use your tax refund for a downpaymet on a house would be an added incentive to pay in and save all that is allowable using your tax deduction.  What a great idea.

Betty

Aug 02, 2011 07:35 AM
Emcee M. Arah
Remax Excellence - Silver Spring, MD - Silver Spring, MD
Realtor w/Architectural Dimension, AHWD CRS B-Arch

Thanks a lot, Betty! Often I think that buyers don't realize just how many options they have to come up with their downpayment. It may not be there immediately but they can definitely get it together!

Emcee

Aug 26, 2011 07:18 AM