4 Ways to Reinvest in Your Home with Your Tax Refund

Posted by:  Service First
2017-02-15 08:30:14

Looking forward to your tax refund? Here are four ways to reinvest in your home using your tax refund. 

Paying Down Debts

While the prices of homes increase and interest rates remain low, it is best to apply a portion of your tax return to pay down other debts. Your currents debts could consist of credit cards, student loans, or other loans you’ve purchased for your home.

Remodeling

Thinking about remodeling your home? Why not apply your tax refund toward your home? When you make improvements on your home, the value of the home increases.

Boosting Energy Efficiency

Making your home more energy efficient can save you money in the long run. When you purchase energy efficient appliances, it can help the economy and the environment. You can start by switching out your current incandescent light bulbs with energy-efficient halogens, CFLs, or LEDs. This could potentially help you save 30 to 80 percent per month on your electricity bill.

Flood Insurance

The federal government currently offers flood insurance to cover the damages that come from rain and wind damage. Why wait until it’s too late? Get an estimate now at FloodSmart.gov.

We are here to help you make better financial decisions when it comes to your finances. Find a loan officer near you today to show you how Service First is lending that has you covered.

 

Source: Zillow.com

Categories:   tips


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