Lets Turn Your Return Into Your Next Home

Lets Turn Your Return
Into Your Next Home

Are you getting a Profit Share Check or Tax Return back?

Receiving lump sum money can feel like a windfall; however, what’s the best way to use it?  A return is an opportunity to improve your financial situation, especially when it comes to your home. Whether you are thinking of staying, selling or buying, we can help you! Here are smart ways to turn your cash into capital.

4 SMART WAYS TO USE YOUR PROFIT SHARE & RETURN 

  1. Down payment on a Home. Buy more with less. (Yeah, you read that right: More with less.) A lot of people have a misconception that you need a 20% down payment to purchase a house; however, that’s just not always true. For instance, with a conventional loan you can often get a home with a 3% down payment. With FHA, you can get a home with a 3.5% down payment and your credit doesn’t even have to be that good. If you’re a veteran, you can buy a house with a VA loan with zero down. Or if it’s a rural area, you can get a loan with zero down. Not only can you use a tax refund toward a down payment, but then you will also reap the tax benefits of home ownership. To talk with a local mortgage lender about the different loan types click here.
  2. Pay down high cost debt. This can apply to home ownership as well. Do you have credit cards or loans with high interest? If so, you can pay them down. Lowering your debt means you will pay less interest each month. This now puts you in an even better position to buy a house.
  3. Spruce up your home. Improve your home while also possibly increasing your property value. Tackle those maintenance issues you have been procrastinating. Are your appliances near (or beyond) their life? If so, look into replacing them. Newer appliances are often more energy-efficient; moreover, they could increase value and lower utility bills. Freshen up the exterior of your home by checking on gutters, shutters, windows and landscaping. You want the house to welcome potential home buyers with a great first impression.
  4. Increase your home equity. Thinking of selling, but maybe you aren’t ready yet? Apply that tax refund to your mortgage principal. Minimizing housing debt could also lower your interest expense over the term of your home loan. Therefor, placing you in a better position to sell and buy at a later time.

YOU EARNED IT

Real talk. This isn’t money you just found or won. Whether it’s a profit share check or tax return, it is money that you earned. You worked hard for your money, and now your money should work for you. Real estate is still one of THE BEST investments you can make. Let’s turn your return into your next home!

The best place to start is with a conversation. Now is a great time to talk with us about your real estate needs and wants.

Give us a call, and let’s talk soon!

Holly Stone & Brandi Rees

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