5 Smart Ways to Invest Your Tax Refund into Your Home

27 Dec

5 Smart Ways to Invest Your Tax Refund into Your Home

5 Smart Ways to Invest Your Tax Refund into Your Home

Posted by : Admin

1.Routine Maintenance – Homeowners should plan to spend around 1% to 3% of their home’s purchase price each year on maintenance costs. It’s always best to take care of the routine maintenance before it becomes an issue.

2. Home Improvements – Put your taxes towards that home improvement project you’ve been dreaming about. Choosing a project with the best ROI will definitely pay off in the long run (new roof or new siding).

3.Energy Efficient Upgrades – Taking steps to making your home more sustainable can have big payoffs, including lower utility costs, better air quality and even increased home value.

4.Smart Home Features – Having a more tech-friendly will not only make your life easier but also help if you decide to sell it.

5. Extra Mortgage Payment – While it’s not the most attritive plan for your tax refund, if will help you pay off your loan sooner and save you money on interest by reducing the principal you owe.

Contact Us Today

Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile. These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type. The repayment terms and interest rate may vary from time to time. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.

MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:

Rates are subject to change at any time.
Rate locks are available at current terms for 30 to 180 days based on program type, credit profile, property location, etc. which will affect the available rate and term.
Payments will vary based on program selection, current rates, property location, etc.
Not all programs are available in all states.
Some loan programs may not be available to first time home buyers.
Terms and conditions apply, which may include restrictions or limits per loan program.
Information is generally based on primary residence occupancy with no cash out when refinancing.
Unless otherwise stated, terms shown are estimates based in part on credit score of 700 or higher; owner occupancy, escrow account is established for taxes and insurance(s); debt-to-income ratio no higher than 43.0%; PMI applies to conventional loan programs over 80.0% LTV; VA,FHA & RD require insuring fees included in loan and/or payment; fixed rate, 30 year term.

An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020

LEGAL & CONSUMER INFORMATION

NMLS #34391

Alabama License # MC 20305

Arkansas License # 36410

Florida License # MLD1770

Georgia License # 11640

Kentucky License # MC21759

Mississippi License # 34391

North Carolina License # L-136019

South Carolina License # MLS-34391

Tennessee License # 109111

Virginia License # MC-7657

See the NMLS consumer access page

Mortgage Investors Group.

Equal Opportunity Lender

Mortgage Investors Group.