Things to Avoid After Applying for a Mortgage
Things to Avoid After Applying for a Mortgage
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Review of Melinda Lawson
seprock We could not have asked for a better realtor. We made a move from out of state, and had very specific needs. We were not to familiar with the area, and Melinda could not be more patient and accommodating. We really feel like she became our friend, who had our best interests at heart. We would highly recommend her, as she will work tirelessly for you!
It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!
It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings! According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment! The map below shows the average tax refund Americans received last year by state. (The refunds received for the 2017 tax year should continue to reflect these numbers as the new tax code will go into effect for 2018 tax filings.) Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with...
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