Tax Day: 3 Smart Ways To Use Your Tax Refund

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It’s officially tax day! That means today is the last day to submit your taxes to the federal government. This can be an exciting moment for many people because of your tax refund, making it a great opportunity for you to take control of your future. Everyone, including our veteran real estate agents , has been through this at some point in life. Choosing the right investment can be tough. It’s easy to go out and spend on materialistic things, but below we highlight 3 smart things you can do with your tax refund that will benefit you and your family.

Purchase Your Dream Home

Owning a home is possible. With the additional income that a tax refund provides makes it an amazing opportunity to invest in a place where you can raise your family. Your refund can go towards a downpayment, closing costs, or savings if you want a bigger downpayment in the future. If you are a veteran, there are already many benefits for you. Tax refund money can be another benefit for you, on top of what you are already entitled to. We have several friendly veteran real estate agents that have seen the advantages of being a veteran and would be able to answer any questions you may have. Veteran or not purchasing a home would be a smart investment to ensure a secure future for you and your family.

Prepay Mortgage

If you already own a home, making additional payments on your mortgage can be very beneficial. A big part of the payment goes to interest, and an additional payment or two can get you closer to finishing your payments much quicker. You can even go a step further and make it a yearly habit to always use your tax refund money on your mortgage payment. Globe and Anchor also specialize in loans and are ready to assist you with any questions regarding your home mortgage.

Start an Emergency Fund

If you are not ready to make any big investments, the next best thing to consider is starting an emergency fund. This disposable income can be great for unforeseen emergencies (fire, earthquake, medical, unforeseen expenses). Emergencies do happen. Last summers California fires were catastrophic for many families that lived in burned areas. People lost their homes, cars, and loved ones. An emergency fund can help you during difficult times. If you are consistently saving your yearly tax refund, it can even go towards future investments (buying a home, car, children). The extra refund money will take a load off anyone's shoulders that are looking to invest in their future.

About Globe and Anchor Real Estate

Globe and Anchor Real Estate is a military-led real estate company located in Granada Hills. We have friendly real estate agents helping families throughout all Los Angeles and other major cities. A tax refund can be a great asset to use towards purchasing a home. With that being said we know there are many questions people have when it comes to home buying. We are here to help and make this process easy for your family. If you want to learn more about how your tax refund can help you purchase your dream home please give us a call at (818) 825-0546 or visit us on the web at www.globeandanchorrealty.com.