Redfin
FEBRUARY 28, 2025
Here are the key expenses: Earnest money deposit Down payment Closing costs Prepaid costs (taxes, insurance, interest) Moving costs Mortgage payments Mortgage insurance (if applicable) HOA fees (if applicable) Well use the median U.S. Earnest money deposit Earnest money is paid after a seller accepts your offer on a house.
Redfin
JULY 30, 2025
A shorter mortgage term will result in a higher monthly payment since you’ll be paying off the principal balance faster. With a longer mortgage term, you’ll have a lower monthly payment because the principal is stretched over more years. However, you’ll pay significantly less interest over the life of the loan.
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Housing Wire
DECEMBER 18, 2024
The Boston 25 News article quotes a real estate attorney not connected with the firm, Richard Vetstein, a principal of Vetstein Law Group in Framingham, who speculated that the shutdown could be due to embezzlement of escrow funds.
HomeLight
AUGUST 31, 2021
What is an excess deposit, and who will receive the funds listed on that line? In short, the excess deposit line represents any funds remaining from the buyer’s earnest money deposit after accounting for real estate agent commission fees. Excess Deposit. Principal Balance ($ amount). Seller Credit.
Redfin
AUGUST 29, 2024
A mortgage calculator will estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and PMI. The offer letter will include details like your name, address, the price you want to pay, contingencies, and possibly, your earnest money deposit. What’s an earnest money deposit?
HomeLight
NOVEMBER 10, 2021
If you’re looking to buy a home in one of Florida’s luxury markets, such as the southern metropolis of Miami, for example, then you’ll likely need a larger deposit. You should include your earnest money deposit amount when you write your offer. Your unpaid principal balance is due in full under these exceptions.
HomeLight
APRIL 19, 2021
Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. A lot of times, it’s not unusual for a homebuyer to submit an offer, and they’re being asked to wire over 10% within a week” for an earnest money deposit.
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