What Happen to My Earnest Money During the Closing Process?

Hello, we hope your Thursday is off to a great start. Welcome to Houston first time home buyers edition. Today we are sharing what happen to your earnest money during the home closing process.

During your closing process, your earnest money is applied first to the cash down payment portion of the transaction, and then to your closing expenses. Any excess will be refunded to you at the closing.

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please give us a call 713.204.8013 or Email us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana