CENTURY 21 Towne and Country
474 Jake Alexander Blvd. West
Salisbury, NC 28147
Contact Lin to buy, sell, or invest in real estate.
Saving for the Down Payment
Saving funds for a down payment should be part of an overall program to get your finances in order prior to shopping for a home. This includes rounding up financial records, examining your spending habits, and setting a budget you can live with. Remember, too, that the down payment is not the only up-front expense. An allowance for closing costs should also be included in your savings budget.
How much is required?
Private mortgage insurance
Don't forget closing costs
Some buyers are surprised by the amount of the closing costs, which can easily run into the thousands of dollars. Remember, though, that closing costs can be negotiated with the seller. For example, you may agree to pay the full asking price in exchange for the seller paying all the allowable closing costs.
Estimate YOUR FICO Credit Score How Much Can You Afford? Refinancing Leveraging Your Money Length of Your Mortgage Saving for the Down Payment Closing Costs How Mortgage Loans Work When To Pay Points How to Set a Price for Your House Adjustable-Rate Mortgages Equifax Credit Information Free Reports Free CMA Request Getting Your Finances in Order Mortgage Glossary Your Credit History What is a CRS? (Certified Residential Specialist)
US Airways Rowan Chamber of Commerce Realtor.com Web Site Rowan County Homebuyers Guide Century 21 National Web Site Homes.com Web Site North Carolina Dept. of Transportation (DOT) Visit North Carolina Rowan County Official Web Site Free Moving Quote Salisbury Post Newspaper online NorthEast Medical Center--Concord North Carolina Public Schools Google Search Engine NC Research Campus--Kannapolis Emerald Bay Homeowners Rowan Public Library Order a Pizza and Relax
to assist in your Real