When a buyer makes an offer, they typically make an earnest money deposit to demonstrate that they are serious, and these funds are held in an escrow account until closing. When…
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Earnest Money
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The amount of money you’ll need up front to buy a house depends on a number of factors, but, in general, you’ll need to come up with enough money to cover…
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When you are interested in buying a home and ready to make an offer, something called “earnest money” is normally required. Earnest money is a good faith deposit submitted by the…
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Buyers today understand they need a sizable down payment and a strong credit score to secure a conforming home loan. They must hold liquid funds for another financial obligation—an earnest money…