Articles on: Applying with Beeline

What's earnest money?

Earnest money, or a good faith deposit are the funds you put down to demonstrate your seriousness in buying a home as part of your purchase agreement. The amount you put down can vary and is something you can discuss with your realtor. Typically, if you don’t end up purchasing the home and opt out prior to your commitment date, you are refunded these funds.

Updated on: 05/06/2023