Welcome to our FAQ’s Feel Free to look below
What is an Earnest Money Deposit ?
An Earnest Money Deposit also known as an EMD loan is a loan that is seen as a gift of sincerity. Typically ranging from 1-5% of the purchase price of a home.
Why is it that EMD is not viewed as a loan ?
The reason that an Earnest Money Deposit is not viewed as a traditional loan is for few reasons. One is when you are working with a third party lender, that lender will have agree to a JV or Joint Venture contract. This means that the money that is being lent to you is now viewed as a resource and not as a traditional loan.
Why even bother with EMD ?
The answer to this question is simple, you have to understand you are here for a reason and that reason is to-do business. What better way to show that you are ready and willing to work than too put skin the game. By providing an Earnest Money Deposit, you are showing that you are not only serious about the deal you are doing but committed as well.
Why is there an upfront fee and why should I have to pay it ?
The answer is simple, when doing these deals we work with what’s known as a top tier transaction coordinator meaning that, behind the scenes before anything even get’s started we have something working hard to protect you and I. This upfront fee covers her for her time and effort not to mention the security, as to why we have our clients cover this fee, the answer is simple, we need to-know you trust this deal.