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ANYTHING or any amount can be used as Earnest Money as this is about the mutual contract between the contracting parties. this is the satisfaction of the seller that on what thing or money he is ready to accept as EARNEST MONEY OR DEPOSIT. this is to secure the transaction and it is the satisfaction of the seller only

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16y ago

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What is the meaning of personal savings?

they are money saved privately.that is one's own money saved for future use.


What is Reimbursement?

It is when you use your own personal money to buy something for the company you work for, and the money they give you back for the money you paid is called reimbursement.


WHAT is consumer credit?

the use of some one else's money to make personal purchases


Why does VA need to source earnest money and closing costs?

Just to clarify, I currently have a home under contract and have given my agent $1000 money order for earnest money. My current bank account balance is around $5k, and I am told that I will need about $400 (in addition to money the lender already has) for closing. Closing date is 5 days from now, and the lender calls to tell me that the VA needs to be able to verify the source of all money in my bank account that I paid the earnest money from and that the closing costs will be paid from. Not that I am hiding anything, but the closing date is quickly approaching, and I have sent them a declaration to explain, including where money was transferred into my PayPal account. Now they want to see the statement of people who transferred the money to me (!?) First question, why in the world do they need to know this? I did not use these deposits as "income" to get the loan approval, and the lender is saying that the loan was not granted based on this money. Second question: is this weird or normal?


Is a money order safe to use for making payments?

Yes, a money order is generally safe to use for making payments as it is a secure form of payment that does not contain personal banking information.

Related Questions

How can you use a sentence for earnest?

We tried in earnest to return the money to its rightful owner, but we were unsuccessful.


Can you use earnest in a sentence?

The shopkeeper was very earnest to his customers.


How would use earnest in a sentence?

I was earnest when I requested a transfer off the front line.


Are personal drawings a business expense?

No, personal drawings is money you take out of the busniess for your personal use.


What is the case for getting money from the company for personal use?

EMBEZZLEMENT


What is one use for the Microsoft money program?

Microsoft Money has a variety of uses for individuals. Its primary use is to help the individual manage his or her personal finances. It can help keep track of personal expenses and customize personal budgets for the user.


Should the apache tribe of Oklahoma use casino or tax money for personal use?

NO


What are you required to do when you want to use a discount membership to save money?

purchase a large quantity of an item


What can you use cheap RuneScape money for?

You can use Runescape money for buying cheap items or for charity. The way you would wish to use your money is entirely your personal decision according to what you desire.


It is all right to use any item in the home without asking as long as it is for the patient's personal care?

Yes


What is the meaning of personal savings?

they are money saved privately.that is one's own money saved for future use.


Can I use a Macy's coupon on a sale item?

Yes, you can use Macy's coupons for most items that are on sale. Some exclusions apply depending on the sale item. You can save quite a bit of money this way.