What is earnest money?
Earnest money is a deposit you put down to show your good faith and intention to purchase the property. Depending on the circumstances, you may not be able to get this money back if you decide not to complete the purchase.Escrow is money placed with a third party, often the lender, for “safekeeping.” During a real estate purchase, the buyer is typically required to place a portion of their down payment in an escrow account where it is held until the closing.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: