Your Tax Refund Can Help You Achieve Your Homebuying Goals

Saving for a down payment – One of the largest barriers to homeownership is saving for a down payment. You could reach your savings goal more quickly than expected by using your tax refund to help with your down payment.

Paying for closing costs – You have to pay fees to your lender, real estate agent, and other parties involved in the homebuying transaction before you can officially take ownership of your home. You could direct your tax refund toward these closing costs.

Lowering your interest rate – Your lender might give you the option to buy down your mortgage interest rate during the home-buying process. That means, you could pay upfront to have a lower interest rate on your fixed-rate mortgage.