When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. How much money do you need to buy a house? 6 costs to ... - AOL

   www.aol.com/finance/much-money-buy-house-6...

   Earnest money. Prospective buyers also pay an earnest money deposit to demonstrate serious intent to purchase a home. You’ll typically need to pay 1 percent of the home’s agreed-upon purchase ...

3. What Is Earnest Money? - AOL

   www.aol.com/news/earnest-money-134502821.html

   Earnest money is a "good faith" deposit the homebuyer provides with an offer, to show the seller an intent to follow through on a home purchase. The funds are typically held in an escrow account ...

4. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Principal – The specific amount of money you borrow from a mortgage lender to purchase a home. If you were to buy a $400,000 home, for instance, and take out a loan in the amount of $350,000 ...

5. Earnest payment - Wikipedia

   en.wikipedia.org/wiki/Earnest_payment

   An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.

6. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   Although money is the most common consideration, it is not a required element to have a valid real estate contract. An earnest money deposit from the buyer(s) customarily accompanies an offer to buy real estate and the deposit is held by a third party, like a title company, attorney or sometimes the seller. The amount, a small fraction of the ...

7. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   The money can only be used for your down payment and closing costs. ... FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, ...