What is the Earnest Money Deposit?💰 A Quick & Easy Initial Deposit / Security Deposit Explanation скачать в хорошем качестве

What is the Earnest Money Deposit?💰 A Quick & Easy Initial Deposit / Security Deposit Explanation

In this video, I explain what the Earnest Money Deposit is in a super easy way. After watching this video, you should be able to understand how earnest deposits work, and why you should use them. ➡️ The Earnest Money Deposit, (also known as the initial deposit or security deposit) is a term used in real estate to show a buyer is committed to buying a property. This deposit makes the seller feel more secure in knowing the buyer will most likely go through with the transaction. The Earnest money deposit is anywhere between 1-5% of the overall transaction and is usually negotiable. Make sure to talk with your real estate agent to know what percentage you should put down. ➡️ Why is the Earnest Money deposit important?: This deposit is important because if the buyer decides to pull out of the purchase after putting down the deposit, they will lose this money. 💬 Let me know in the comment section below if this video answered your questions, and if you have any more! ✅ If you've enjoyed this video, please consider subscribing to Vlad Sarser here:    / @vlad_sarser   --------------- Welcome to the official home of Vlad Sarser on YouTube! 📈 From credit building to mortgage shopping, this channel is an all-in-one stop for financial advice. I’m Vlad Sarser, a mortgage broker and loan officer. Finances can be difficult to understand, but they don’t have to be! On this channel, I give you the best professional financial advice in a way that’s easy to understand. ➡️ What will you learn from my videos? You’ll learn how to make smart financial decisions, never make any of the common financial mistakes, and stay out of debt. After watching my videos, all that stress you had about your finances will be gone, and you’ll be better equipped to know how to smartly handle your expenses. ➡️ Please keep in mind that this channel is for educational purposes only. I will teach you how to start a new credit history as well as get a mortgage on a home or investment property the right way! So, definitely make sure to subscribe and hit that bell to never miss out on another one of my videos! 🔔 --------------- 📲 Follow Vlad Sarser on Social Media: 📣 Facebook ➟   / vladsarser   📲LinkedIn ➟   / vlad-sarser   📸 Instagram ➟   / vlad_sarser   💻 An definitely check out my Website ➟ http://alianzainc.net Connect with me further! 📞 Call me or Text me: 310-365-8172 📧 Email me: vladsarser@gmail.com NMLS 1872106 Alianza LLC. supports Equal Housing Opportunity. NMLS ID# 1895840 License 60DBO 102557. This is informational only and is not an offer of credit or commitment to lend. Interest rates, products, and loan terms are subject to change without notice and may not be available at the time of loan application or loan lock-in. Contact Alianza LLC. to learn more about your eligibility for its mortgage products. Loans are subject to buyer and property qualification. Cash reserves may be required. Alianza LLC. is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Please consult with a qualified financial/tax professional for tax or financial advice. Please consult with a qualified credit counseling agency for credit advice. Vladimir Sarser is Licensed by the Department of Financial Protection and Innovation under the California Residential Lending Act DFPI1872106 NMLS 1872106 --------------- #EarnestMoneyDeposit #InitialDeposit #VladSarser #SecurityDeposit #BuyingAproperty #BuyingAHouse #FirstTimeBuyer