Still Saving Your Tax Refund Or Stimulus Checks? Here's How To Use Them!

Dated: April 6 2021

Views: 252

Still Saving Your Tax Refund Or Stimulus Checks? Here's How To Use Them!

If you’ve started researching the home buying process, or you’ve already purchased a home in the past, you probably know one of the first things you need to consider is the size of the downpayment you are going to 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 possible, as soon as possible.

If you qualified for any of the stimulus payments and have been keeping that money, or 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 a stimulus, can put a major dent in your down payment.

With a competitive market that doesn’t seem to be cooling off anytime 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. Give me a call today and we can get you set up with a lender so you can get pre-approved and find out just how much you need to have saved!

Blog author image

Sweet Magnolia Homes

Sweet Magnolia Homes brings a local knowledge to the markets we serve that has been obtained from years of living and working in Atlanta and the surrounding suburbs. This means our agents are intima....

Latest Blog Posts

Stay Focused on Your Housing Goals

Buying or selling a home can be stressful, even in normal times. Right now, when the housing market is moving at a frenetic pace, both buyers and sellers are making quick decisions and are feeling

Read More

Top Trends for Your Outdoor Living Space

Summer is here and you’re spending more time outdoors. For most of us, this still means primarily in our own backyards. Personal outdoor space has never been more popular and if yours could

Read More

MAKE YOUR HOME STAND OUT THIS SUMMER

June, the official start to the summer, which means one important thing - home selling season is upon us. With the kids home from school and vacation time accumulated, both buyers and sellers are

Read More

HOW TO DECIDE IF YOU SHOULD REMODEL OR MOVE

1. Determine which is more cost-friendlyWhile both options will have costs, one will have more than the other depending on your situation. Some of the costs of selling include agent commissions,

Read More