06/17/2026
Do you know the difference between earnest money and down payments? Educate yourself about these key financial pieces in your homebuying playbook before you get started.
Homebuyers must make two large payments when purchasing a house. One is the earnest money paid upon ex*****on of the sales contract. The second is the down payment to the lender at closing. What are the differences between the two? It’s all about commitment. In both cases, these payments represent...