Tag: What Happens To The Earnest Money After You Write The Check?
The Difference Between A Deposit And A Down Payment
by Ann Huskey
Many of the terms used by real estate professionals are confusing when you are buying a home for the first time. In my experience, two of the most confusing and misunderstood terms used are “deposit” and “down payment.” They both require cash from a buyer. So, you may ask, “What’s the difference?
