Maija Zaimins-Weichert Realtors All Pro

Mortgage Term of the Day:
💰 Earnest money is a good faith deposit made by the buyer when submitting an offer on a home.

It shows the seller you're serious and committed.
🔒 If the deal goes through, it’s applied to your closing costs or down payment.
⚠️ If the deal falls through (outside of contract terms), the seller may keep it.

It’s like saying: “I’m all in!” on your dream home. 🏡

Maija Zaimins, Weichert