If you have started researching the home-buying process or have already purchased a home, you probably know one of the first things you need to consider is the size of the downpayment you will need to cover on the home you discover. While that down payment can vary depending on what type of financing you qualify for, it is never a bad idea to start saving as much as possible as soon as possible.
If you have tax refund money tucked away into savings, this would be the perfect opportunity to use that cash. With the average refund for this year around $3000, there is a good chance your tax refund, potentially paired with additional savings, can put a major dent in your down payment.
With a competitive market not cooling off soon, now is the time to buy. Ensuring you have the proper funds to cover that downpayment once you find ‘the one’ can save you heartache in the future.
Call Scott and Mary Tynell today. They can set you up with a lender so you can get pre-approved and find out just how much you need to have saved!
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