Tax Season is here! For those who are looking forward to a very lucrative refund and thinking of the many ways to spend it. Consider contributing those funds toward the purchase of a home. If purchasing a home is on your list of things to do this year...there’s no better time to begin the home buying process than now. Interest rates are low, Mortgage Insurance Premiums have been significantly reduced, and home prices are still affordable. In fact, when purchasing a home in Stockton...homeownership is more cost effective than renting.
Using your IRS Tax Refund for a downpayment or to pay closing costs is allowable and an acceptable source of funds to purchase a home. However, before you spend your refund on a down payment contact me and inquire about programs available to assist with the down payment and/or closing costs to purchase a home for sale in Stockton. I’ve been fortunate to work with first-time homebuyers, who have utilized great homebuying programs, that has helped them purchase a home with virtually no money out of their pocket.
Homeownership has Tax benefits! When you invest in purchasing a home...you are investing in the future for yourself and family. Homeowners have the opportunity to take advantage of Tax deductions on Mortgage points, closing costs, mortgage interest, and property taxes. Its always best to work with a Professional CPA because Federal and State tax laws change each year. So, spend your Tax Refund with a purpose that is going to benefit you in the future! #HappyTaxSeason
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