When speaking with potential first time home buyers, the biggest obstacle is typically coming up with the down payment. Tax time and allocating the tax refund to the down payment is an ideal way to help first time buyers into a home. Here is a handy grid to show what they can afford, in relation to rent. These figures do include the taxes, insurance, and PMI.
Thank you to Jim Duffy with Atlantic Bay Mortgage for sharing! To learn more about mortgage process contact Jim, 843-735-0865.
Thinking of buying a home in 2017? Call Meghan Bowes, our team buyer specialist, to get the process started today! 843-900-0155.