Earnest money is a deposit you make toward your down payment as evidence of good faith when you sign a purchase agreement. The earnest money becomes part of your down payment if the offer is accepted. If the offer is rejected, the earnest money is given back. Earnest money is forfeited if you pull out of the deal.
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Earnest Money Earnest money is a deposit you make toward your down payment as evidence of good faith when you sign a purchase agreement. Manage Your Mortgage Try Rocket Mortgage Talk to an Expert Call Us at Sign in to MyQL.
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