Your Tax Refund can Help You Become a Will County Home Buyer

Reblogger Charita Cadenhead
Real Estate Agent with Keller Williams Realty

Income tax time is home buying time.  What better way to make use of your income tax refund than to make an investment?

Your Tax Refund Can Help

You Become a Will County Home Buyer


Last week, the Internal Revenue Service (IRSannounced it had started accepting 2016 Income Tax Returns for processing ...

If you're one of those estimating you'll receive a refund on your taxes ... and you dream of buying a Chicagoland home in the future ... now is the perfect time to:

  • Get Started 
  • Contact Me  
  • Ask your financing questions 
  • Discover what options you have to borrow and buy 
  • Position yourself for the mortgage best suited to your needs

The refund money you receive can be extremely helpful in buying a home.  A common use for the refund money is to use it as a downpayment on a home.

There is good news for those hoping to do just that, as there are presently many mortgage options available for hopeful homebuyers to consider.  Those include many that require only small down payments.  (It's a myth that you need 20% down to buy a home.)  

The following are examples of mortgage options that are available (when qualified) to Chicagoland area home buyers/borrowers with smaller/no down payments saved: 


  • 3.5% Down Payment FHA loans 
  • 0% Down Payment VA loans (Qualified Veterans) 
  • 3% Down Payment Conventional loans 
  • 0% Down Payment USDA loans (Eligible Applicants – Eligible Locations) 

Also keep in mind:  Many states and local municipalities have grants or resources available for Borrowers in need of Down Payment Funds.

But it's also true that your tax refund can help you qualify for mortgage financing (that's where I come in) ... or simply put you in a better place financially after you've purchased. 

During your mortgage analysis:


I'll help you find the best and wisest use for your refund monies.  And where their expenditure makes most sense and positions you best to qualify for the mortgage needed at the time of purchase.

However:  We may find that it's most advantageous for you to think "outside the downpayment box" with your tax refund.  Your monies may be best spent:

  • Paying down some credit cards, which in turn will raise your credit scores
  • Growing your "Reserve Funds
  • Paying your Closing Costs
  • To pay off a smaller loan (car loan, etc.)
  • To pay off a Collection
  • As Earnest Money towards your purchase
  • To eliminate Private Mortgage Insurance
  • More ...
 Get the Info you Need .. Be Prepared!


Just as coaches and players must have a "game plan", plan ahead to position players on a field, and to successfully play and win games ... so must hopeful home buyers plan and position themselves for success when buying and financing a home.

Fact is, until you and I analyze your present financial position and your future financial goals, you won't have a game plan.  You won't know how to use your tax refund most advantageously ... or most easily reach your home buying goals.  

Another reason that tax refund time is the perfect time for us to talk?  It revolves around the documentation that is required when getting a loan. 

Mortgage Lenders need to view tax returns (latest 2 years), W-2's, and more in order to pre-qualify you for a loan and to assist you in a mortgage application.  At tax filing time, you'll simply have the numbers and documents from your accounts and tax filing fresh in your mind, at your fingertips, and readily accessible.  

For those that might find this portion of the financing process a challenge, tax refund time is a godsend.  It makes it "easy breezy", as they say.

Even if you're thinking that buying a home is a year out or more, it makes sense for us to have a preliminary talk now.  You'll have a better understanding of your present credit standing and finances.  

Plus, you'll move forward with a more clear plan in mind.  A plan that will help you eliminate any present financial or credit issues that may exist ... and place you in a much better position as you grow closer to mortgage application.  

Receiving a tax refund?  Is Chicagoland home buying in your future?  Let's talk ...

(Remember:  You have until Tuesday, April 18, 2017, to file 2016 returns and pay any taxes due.)

 Contact Me!

* Hoping to Buy or Refinance a Home in New Lenox, Will County, or elsewhere in the Chicagoland area? Contact me! I'll put my 40+ years of Mortgage experience and expertise hard to work on your behalf.
     I'm easily found at:

Gene Mundt
Mortgage Originator - nmls #216987 - IL Lic. 031.0006220 - WI Licensed
American Portfolio Mortgage Corp.
nmls #175656
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281


 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

  Zillow Acct. of Gene Mundt, Mortgage Lender     Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  



Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                   IL Lic. #0006220  -  WI License                                                                                                     

NMLS #175656


Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


Your Referrals & Testimonials are Always Greatly Appreciated! 


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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Thank you so much my friend, Charita Cadenhead  ... I appreciate your sharing this timely info with your readers.  Whether Will County or elsewhere .. this is a route to buying that should be explored.

Hope your readers and clients contact you immediately for more info .. and a local LO referral!



Feb 01, 2017 12:29 PM #1
Noel Mayer


 Timely informational blog.

My take away -Buyers should take advantage of there tax refund to improve the prospect of  home ownership  

Thank you for sharing

Feb 02, 2017 09:59 AM #2
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Gene you're a gem and so is your post about tax returns.

Noel this is perfect timing.  I know there have to be some prospective buyers looking to capitalize on their tax return cash.

Feb 02, 2017 10:03 AM #3
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Charita Cadenhead

Serving Jefferson and Shelby Counties (Alabama)
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