Eventually, when you go about buying a home there will come a time you want to write a contract on a home. And, you will run across the term earnest money deposit. For many buyers, they will think what is earnest money? How does earnest money work? If you have previously bought a home you probably already have an understanding of earnest money. But as a first time home buyer, it can be confusing. Sometimes you will hear the term good faith deposit or escrow money as well. Good … Continue reading...
