Absolutely! An income tax refund from the IRS is an easy way to help pay for your safe room purchase. Your tax refund will give you a head start on the process, and if you are an early filer you could most likely have your safe room installed before the storm season arrives!
If you are due a refund and your tax returns are send to the IRS in January it’s not uncommon to receive your refund in as little as two weeks with electronic direct deposit. Checks may take a little longer to receive. Also, many banks and credit unions offer Refund Anticipation Checks (or equivalent Refund Anticipation Cards), also known as RAC’s, which allow you to receive your refund right away….a great way to start your safe room purchase early in the year, before the big Springtime purchasing season arrives.
If your tax refund is enough to cover the entire cost of the safe room, congratulations! However, for those refunds that aren’t enough to fully pay for your safe room purchase, Oklahoma Central Credit Union offers an incredibly low 0.99% APR financing term on safe room loans. For those who otherwise may not qualify for a safe room loan, the combination of a Refund Anticipation Check along with a low interest loan may be your best opportunity to purchase a safe room for your family. And the best part is that you don’t have to wait for the loan and refund to be finalized! As soon as the financial institution notifies us that you’ve been approved for a RAC and/or safe room loan, you can order your safe room!
Have questions? Call us toll free at 918-518-1551 or you can email info@tornadoalleyarmor.com.