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What is Earnest Money?

In Loans - Mortgages - Asked by Admin - 16 months ago

Earnest money is a deposit made by a buyer of property towards the down payment to show “good faith” or intention to buy. The money is typically held by the Escrow Company or real estate broker.

Answered by Admin - 16 months ago


Tags: earnest money , mortgage, mortgages, loan, loans, what is earnest money?

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In Banking - Savings Accounts - Asked by fieda - 1 month ago

If you are purchasing a home you will probably need a Mortgage. Mortgages are typically for home purchases and can be for new loans or refinances. Typically people refinance a home to take equity out of their homes or secure a lower interest rate. Interest rates affect mortgages. If you have mortgage questions such as "what is earnest money?" or need help or answers Zuuply.com can help.



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