Do I get earnest money back if my mortgage falls through on closing day?

By
Real Estate Agent with Realty Preferred DFW Lic. # 0594357- 0622512

Q: "Do I get earnest money back if my mortgage falls through on closing day?"

A: It depends! First of all, get it in writing. Your contract will decide whether or not you get your money back.

In most cases, you can expect your earnest money back if there are issues with the home inspection, appraisal, title, or mortgage. But if you don't meet the datelines (or change your mind),  you might not!

Stay tuned for more Q&A on all your real estate questions.

 

 

 

 

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500 N. Central Expy. STE 500 Plano, TX 75074

www.rpdfw.com

info@salashometeam.com

214-336-7831 or 214-598-1149

 

 

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Motto Mortgage Excellence 

NMLS# 1882848

214-550-6469

 

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