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Use Your Tax Refund To Invest In The Home of Your DREAMS!

Making the most of an income tax refund can mean different things to different people. For some, it is a chance to splurge; for others, it might be a great way to add to savings or start that much needed rainy-day fund. A tax refund can also be a great way to make a down payment or pay closing costs on a new home.

Down Payment

Using your income tax refund toward the purchase of a home may help you save money up-front and over the life of the loan. Depending on the amount of your refund and the price range of the home you’re considering, your refund may cover the down payment without the need for additional funds.

Decrease Interest Rate

You can leverage your income tax refund by using it to purchase discount points. Discount points are used to “buy” a lower interest rate on your loan. By paying discount points up-front, you will lower the interest rate for the entire term of your loan. For new purchases, the cost of points paid, as well as interest on the mortgage, may be tax deductible.

Paying Off Debt

With proper planning you can use a combination of tax refunds and savings to purchase a home. Paying off debt is also a great option; reducing your debt may help improve your credit score and save you money on interest, and get you a lower interest rate when you apply for a loan.

*American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government. AFN is not a tax or financial advisor, and individual tax circumstances may vary. Please consult a licensed tax professional and appropriate government agencies to determine tax consequences of home ownership.


Ideal Lending Solutions is your premier home mortgage lender in Florida. At Ideal Lending Solutions, you will work one-on-one with a dedicated mortgage professional who can explain loan programs and offer great mortgage rates to meet your financial goals.

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