A large earnest money deposit can help you win the bid on a home, but what if you can’t get it back? Is it worth risking a large amount of money?Compare Offers from Several Mortgage Lenders.Luckily, there are situations where earnest money is refundable. Keep reading to see what situations Read more
What is an earnest money deposit on a home and just how much is it?
Whether you pay in cash or get a mortgage to buy your first home, you’ll be required to present an earnest money deposit. Sellers take it as proof that you are a serious buyer and doing the transaction in good faith.What is it and how much is an earnest money deposit? Can you get it back? You’ll Read more