I am expecting a tax refund of $8,000. Is it a better idea to pay off debt, or use the money for a downpayment?
I currently have 12,000 in credit card debt, and would be able to increase my down payment from 5% to 10% if I added the refund to what I have currently. by stephen.long617 from Hinton, Oklahoma. Dec 30th 2015
Marlon Mitchell (mmitchell)
#6 ranked lender in Missouri - 52 contributions
That all depends. I'd be happy to pre approve and then I can better advise you at what would work best. Feel free to email me at Marlon@amtgbank.com or call me at 405.285.1234 ext 116
Nick Utesch (nick@valoansok.com)
#2 ranked lender in Oklahoma - 22 contributions
It really depends on what your credit score and debt ratio is. Also, you may want to evaluate what the rate is on the credit card debt. In many cases, you'll save far more money by paying that off than putting extra money down on a house. I'd be happy to help you look at your options with a free, no obligation mortgage consultation. My name is Nick Utesch and with Progressive Financial Services Corp. in Oklahoma City. my direct line is 405.308.4208. NMLS ID #214427 / 216693
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