How to Buy a House with your Tax Refund

Is your goal this year to buy a new home? 

A benefit to buying in the beginning part of the year could be using your tax refund toward the purchase of a new home. It can make the unaffordable, affordable. You may actually be able to qualify for a larger home and lower your monthly payment by applying larger down payment.

The larger the down payment is, the more interest you will save on the loan over time. If you have done any research into what the average home price was selling for in your area, I think you would be surprised at how low the monthly payments would actually be.

Many people think it requires a 20% down payment to buy a home, however there are mortgage companies who offer mortgages with little to no down payment. Some conventional mortgages require only 5% down payment. An FHA loan requires only a 3.5% down payment. In each instance, the down payment can even be gifted to you from a family member and also allow for seller paid closing costs.

If you were to receive a $5,500 refund on your income tax return, it would allow you to buy a home with a sales price of $110,000 with a conventional 95% mortgage.

If you were to receive a $3,500 refund on your income tax returns, it would allow you to buy a home with a sales price of $100,000 with a FHA mortgage. FHA home loans also offer flexible qualification terms with low credit scores.

Both options may allow you to buy a home for less than you pay in rent and help build your own personal wealth... something renters cannot do!

THIS IS YOUR YEAR!!

 

Call me today and we'll start looking for your new home!

Julie Larson 801-755-8899

 

 

Julie Larson

callteamlarson@gmail.com

801-755-8899

RealtyPath Success

 

Are You Afraid to Lose Your Home?

Are you afraid to lose your home?

 

Are you behind on payments and don't know what's going to happen next?

 

Has the bank been difficult to work with or very threatening?

 

I have helped over 130 Utah families avoid foreclosure on their home. I know what the banks can and cannot do. I also know the Utah foreclosure and eviction processes.

 

Whether you want to try to keep your home, or are wondering what your options are to sell your home and avoid foreclosure, I can help!

 

With no obligation or cost to you, I will discuss your options with you. I can offer you a current market value on your home and see if you would be a good candidate for a loan modification or for a short sale. Sometimes foreclosure is the best option. Sometimes bankruptcy is the best option. Find out before it's too late.

Call me today!

 

Julie Larson

801-755-8899

callteamlarson@gmail.com

How to Change a Faucet

You can save a great deal of money and spiff up your kitchen's appearance by installing a new faucet yourself. Home improvement stores offer hands-on demos, check with your local store.

 

If you're doing it for the first time, one of the biggest pieces of advice is to do it during OPEN home improvement store hours, not in the middle of the night when you can't run out for more parts!



Here is a link for those who like step-by-step instructions.

Step-By-Step Written Instructions

And here's a link for those who are visual.

YouTube Video Instruction

Our team's home improvement expert can also give you tips. Give us a call if you have any questions!



T.G. Larson
801-755-0446

Julie Larson
Realtor Utah
801-755-8899

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