A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Down PaymentThe upfront cash you pay toward a home's price, with the rest covered by your mortgage loan.
- EscrowA neutral holding account managed by a third party for funds like property taxes and insurance until they are due.
- Closing CostsThe fees paid to finalize a home purchase, covering things like appraisal, title work, and loan processing.
- Home InspectionA detailed check of a home's condition by a professional to uncover problems before you commit to buying.
- AppraisalA professional estimate of a home's market value, required by lenders to confirm the price matches the loan amount.
Turn this into a brick
Knowing what Earnest Money means is knowledge — the first half. A brick gets placed when you act on it.
More in Real Estate
Adjustable-Rate Mortgage (ARM)Annual Percentage Rate (APR)DeedFHA LoanFixed-Rate MortgageForeclosure
Plain-English education — not personalized legal, tax, or investment advice.