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What Should I Do With My Tax Refund?

Are you wondering what to do with this year’s tax refund? Check out a few options that you may want to consider when deciding where to invest your tax refund.

  • Pay off high interest debt. Many of us have credit cards that have a balance. In fact, the average American household has an estimated $6,929 in credit card debt.* Evaluate your debt and see which card (or cards) have the highest rate and place a payment. This can help your credit score, which will in turn help your ability to purchase your home.
  • Invest in the future. Thinking about buying a home in 2019? Place your tax refund into your savings account to help towards your down payment. Or, utilize it for your closing costs on your home.
  • Improve your home. If you’ve already purchased your home, there are plenty of ways to invest your tax refund back into your home which can help to increase the resale value of your home in the future.

If you’re looking to invest in your future home, make sure you’re informed about all your loan options. Reach out to a HUNT Mortgage Consultant to learn more and see what your mortgage options are or apply online now.

*Source:https://www.nerdwallet.com/blog/average-credit-card-debt-household/

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