Here is an interesting article written by Brian Koss of Mortgage Network, Inc. Find out what’s really going on with the industry. There was a time in the late 90’s when all the focus was on getting the manufacturing of mortgages to mirror the manufacturing of car loans. The idea was that technology was the […]
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What is Earnest Money?
Earnest money is a money deposit made by a buyer to a seller as a sign of good faith that you are seriously interested in buying a home. This earnest money is credited to the down payment at closing. It is held in a non-interest bearing trust account until the time of closing. Typically, the […]