Considering buying a home? Earnest money is a crucial step in the process, showing sellers you’re serious about the purchase. This deposit can be applied to closing costs or the down payment, but understanding the terms is key. Let’s discuss your options and ensure a smooth transaction. Reach out today to learn more! #thehelpfulLO #home #house #listreports #househunting #realestate #happyhome #happyhomeowners #loanofficer #investment #mortgage #finances
Tag: earnest money
Mortgage Terminology
Earnest money is a buyer’s deposit to move forward on a home purchase. It is usually held by a third party and its terms are agreed to in the purchase contract. Like many things in the home purchase, some parts can be negotiated. #thehelpfulagent #home #houseexpert #house #listreports #homeowner #happyhome #househunting #realestate #mortgage #loanofficer #investment #finances
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