Pamela Madore
Keller Williams Realty
806-290-1920
http://iloveamarillo.com

How To Use Your Income Tax Refund To Buy A House



It is that time of year again when Uncle Sam sends you back the amount of money that you overpaid. You may already have plans for it but I would encourage you to think about buying a home.

It is tempting to wait until you get the money in hand to start thinking about what to do next.  That really isn’t the best way to do it.  You might be afraid that you will be disappointed if it doesn’t work. Believe me when I tell you that it will be more disappointing if you don’t act first.

While you are waiting, the most important thing to do is to get approved for a mortgage.  It could be that there is something stupid on your report that needs to be fixed.  It is better to do it now than to find out at the last minute!

Maybe your credit scores are a little low.  That may not be more than a 30-60 days problem.  Once again, let’s get it fixed up front.


Not sure you will have enough money?  Just to help you with some math the
type of mortgage that you can get into with the least amount down is an FHA.  FHA requires that you have 3.5% as a down payment.  Since I am a little math
challenged I always use $100,000 as my example.  In this example the down payment would be $3500.  You will have closing costs that are usually at least $3500 or maybe more.  The good news is that the seller will often help with the closing costs.

So don’t wait!!  Get a start on using your income tax refund to buy a house.


 Get qualified!

One of the favorite lenders I use is http://rightstartmortgage.com/amarillo.   They will run your credit and tell you how much you qualify for.  It only takes 10 minutes to fill out.  When it asks who referred you write “Pam”.  By doing that they will know who to contact.  It is also effective if you text me once it is done so I can follow up.  806-290-1920.

Do  it today!



Pamela Madore
Keller Williams Realty
3955 S Soncy Rd. 
Amarillo TX 79119
806-290-1920
pammadore@kw.com