Buying a house can be a dream come true. There’s a feeling of pure joy and pride when you close and get the keys to your first home. Even so, the journey to save enough money for a down payment and closing costs may be a struggle for many first-time homebuyers.

If you lack sufficient funds to move forward with fulfilling your dream, think about using your tax refund to help lead you toward the benefits of homeownership:

• Tax advantages
• Build equity
• Privacy and freedom to make changes
• Return on investment
• Improves sense of community
• Stability (your apartment searches are over)

Saving can be your biggest barrier to homeownership. The amount of cash you will need for a down payment depends on the price of the home you want and the type of loan you receive. Work with a reputable lender to discuss the:

• Price range that best fits your budget
• Loan program that makes sense for you
• Approximate amount you will need for the down payment.

Since every penny counts when you’re trying to save money, your tax refund could be the relief needed to reach your goal to become a homeowner. Remember, it’s not uncommon that some people simply don’t have access to the upfront cash needed for a down payment.

Buying a home is a big financial decision. So regardless of whether your tax refund is available yet, you should contact Platinum Home Mortgage to learn about all the loan products that can help bring you closer to your goal of homeownership.