buying a house, down payment, earnest money, Passive income, Real Estate

Earnest Money: What You Need to Know and How Much Is Enough?

Earnest Money: What You Need to Know and How Much Is Enough? When purchasing a home, earnest money is a key factor in determining if you’ll get the home before the deal closes. Earnest money is different from a down payment and often a lot less. It’s basically a good-faith gesture and says to the seller that you are serious …