Looking for a Deal? Discover how Buying or Refinancing a Home in December or January can help

1. CLOSING COSTS. Part of these costs are calculated based on how much of your taxes for the calendar year have not yet been paid. When you pay the last installment of your taxes in December for the year, you’ll only need to pay to impound 1-2 months. This could help you bring $7,000+ less in cash you’d need to bring to the closing table (based on an average priced home & property taxes in Austin, Texas).


2. TAX BENEFITS. If you close on or before December 31, you can take advantage of mortgage-specific tax deductions. Save hundreds or even thousands of dollars thanks to deductions on interest, property taxes, and points. You can still get these deductions if your mortgage closes after January 1, but you'll have to wait until the following year when you file your tax return.


3. COMPETITION. Many homes still on the market in Dec/Jan have been there 90+ days - which gives you leverage negotiating a better price when buying a home.

It’s important to know that it might NOT be a good idea for you to make a move right now, depending on your personal situation. Consult your trusted Mortgage Loan Officer and Realtor to guide you through this decision.


Interest rates are still very favorable compared to where they were at 18 months ago, so if you haven’t looked into refinancing lately, now is the time to run the numbers! Lots of people like to pull cash out at the end of the year through a cash-out refinance to pay off debt, book a trip, or just save money each month on their mortgage payment. Call us today to chat! We work weekends. 512-820-5919


-AJ Miller, Loan Officer, NMLS#403782





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AJ.Miller@Fairwaymc.com Office Phone: 512-737-3711

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Copyright ©2018 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. TX Location: 1800 Golden Trail, Carrollton, TX 75010. This site is not authorized by the Nevada Division of Mortgage Lending. This advertisement is not offered to customers contemplating mortgage financing in the state of Nevada. No mortgage loan applications for properties located in the state of Nevada will be accepted through this site. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.