Earnest money deposit Fixed-rate mortgage Inspection contingency 
Redfin
AUGUST 5, 2025
Talk to the financial institution holding your money and ask if they’d provide a letter stating you’re able to make a cash purchase up to the specified amount. Offer a high earnest money amount Offer a high earnest money deposit when making a cash offer. Attach this document with your offer letter.
HomeLight
JANUARY 27, 2021
With fixed-rate interest, your rate remains the same over the life of the loan, which means every mortgage payment you make will be the same amount for the entire loan term (in the beginning, these payments will cover mostly interest, but you’ll start paying down the principal after a few years). Adjustable-rate interest.
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