How To Use Your Income Tax Refund To Buy A House

By
Real Estate Agent with The Pamela Madore Group 573760
Pamela Madore
Keller Williams Realty
806-290-1920

How To Use Your Income Tax Refund To Buy A House
 
 
 

 

It is that time of year again when Uncle Sam sends you back the amount of money that you overpaid. You may already have plans for it but I would encourage you to think about buying a home.

It is tempting to wait until you get the money in hand to start thinking about what to do next.  That really isn't the best way to do it.  You might be afraid that you will be disappointed if it doesn't work. Believe me when I tell you that it will be more disappointing if you don't act first.

While you are waiting, the most important thing to do is to get approved for a mortgage.  It could be that there is something stupid on your report that needs to be fixed.  It is better to do it now than to find out at the last minute!

Maybe your credit scores are a little low.  That may not be more than a 30-60 days problem.  Once again, let's get it fixed up front.
 

Not sure you will have enough money?  Just to help you with some math the
 
 

type of mortgage that you can get into with the least amount down is an FHA.  FHA requires that you have 3.5% as a down payment.  Since I am a little math

challenged I always use $100,000 as my example.  In this example the down payment would be $3500.  You will have closing costs that are usually at least $3500 or maybe more.  The good news is that the seller will often help with the closing costs.


So don't wait!!  Get a start on using your income tax refund to buy a house.
 
 

 Get qualified!


One of the favorite lenders I use is http://rightstartmortgage.com/amarillo.   They will run your credit and tell you how much you qualify for.  It only takes 10 minutes to fill out.  When it asks who referred you write "Pam".  By doing that they will know who to contact.  It is also effective if you text me once it is done so I can follow up.  806-290-1920.
 
 
 

Do  it today!



Pamela Madore
Keller Williams Realty
3955 S Soncy Rd. 
Amarillo TX 79119
806-290-1920
pammadore@kw.com

 
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Helping Buyers And Sellers 
 
In A Big Way---Texas Style 
 
 
 
 
 
 
 
 
 
Pamela Madore
The Pamela Madore Group 
Pink House Team
Keller Williams Realty
3955 S. Soncy
Amarillo, TX 79119
806-340-7630  Office
806-290-1920 Cell 
http://myamarillohomes.com
pam@pinkhouseteam.com
 
 
 
 
 
 
 

 

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Topic:
Home Buying
Location:
Texas Randall County Amarillo
Tags:
pamela madore
income tax refund
get qualified for a mortgage
how to use your income tax refund to buy a house

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Rainmaker
1,214,758
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Good advice Pamela Madore . Hope you have a great 2017. 

Dec 30, 2016 01:06 PM #1
Rainmaker
3,585,567
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Tax refunds are a great way to get a down payment for a home...

Dec 30, 2016 06:46 PM #2
Rainmaker
38,659
Bunny Terry
Keller Williams Santa Fe - Santa Fe, NM
A Different Kind of Realtor in the City Different

Love this post, Pamela. Next time you're in Santa Fe, let's get together for a cup of coffee or a margarita. I'd love to meet you. And you're in my birthplace- I grew up in Logan, New Mexico, so it was only natural that my parents went to the hospital in Amarillo for my birth!

Dec 30, 2016 08:03 PM #3
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Rainmaker
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Pamela Madore

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