Looking forward to a tax return this April? Here’s how it can get you closer to owning your dream home! 🏡💡
1. Boost Your Down Payment: Increase your down payment with your tax refund to lower monthly mortgage payments and lock in a better interest rate. A higher down payment lets you avoid Private Mortgage Insurance on a conventional loan.
2. Improve Your DTI: Paying off debts like credit cards or student loans with your tax refund will improve your debt-to-income ratio, which boosts your credit score and your mortgage qualifications.
3. Earnest Money Deposit: Use your refund for the earnest money deposit to show sellers you’re serious when making an offer. This acts as a sign of good faith and is applied towards your closing costs.
4. Cover Closing Costs: First-time buyers, don’t forget about closing costs! Your tax refund can go towards these expenses, which include homeowners’ insurance, title search, and appraisals.
5. Get a Better Interest Rate: A higher credit score = lower interest rates, and clearing up debt with your refund can help. You can also consider buying points to lower your rate further, paying a bit more upfront but saving in the long run.
Remember, your tax refund can be a powerful tool in the home-buying process, providing flexibility and opening up more options for your mortgage.
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Today is a good day to get started, let’s embark on this exciting journey together. Reach out to Ashe County Realty today, and let our experienced team guide you through the real estate market. Whether it’s a cozy cabin in the mountains or a charming home in town, we will help you find the perfect place to call your own.
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Homes for sale in Ashe County, NC include charming log cabins, sprawling farmland, horse properties, commercial buildings in downtown West Jefferson, and beautiful homes along the New River. Ashe County Realty is ready to find that perfect retreat