What’s the difference between down payment and deposit?? Well, a lot. The down payment has more to do with the loan, not the transaction between the seller and you. The down payment you put down for the house effects your interest rate, what loan you qualify for and is brought in at the end of escrow. The deposit is what is at risk if all contingencies are removed and you, as the buyer, decide to back out. If you ever have any confusion on these. Don’t worry, just ask your realtor! They can clarify 😊

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