What’s the Difference Between Earnest Money and a Down Payment? | Homebuyer Tips with Kevin Brierton

If you’re buying a home, you’ve probably heard the terms earnest money and down payment—but do you know the difference? 🤔

In this video, Kevin Brierton breaks down exactly what each one means, when they’re due, and how they fit into your homebuying journey.

Here’s what you’ll learn:
🏠 What earnest money is and why it shows sellers you’re serious
💵 How your down payment impacts your loan and monthly payment
📆 When each payment is made during the buying process
💡 What happens if a deal falls through

Whether you’re a first-time homebuyer or brushing up before your next purchase, this video makes it simple to understand what’s what—and how to plan ahead.

🎥 Watch now and subscribe for more homebuyer and mortgage tips:
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Presented by: Kevin Brierton Team (a Division of Luminate Bank)
📍 Address: 6991 E Camelback Rd Ste D-300, Scottsdale, AZ 85251
📞 Phone: 480.553.8770
📧 Email: Kevin@kevinbrierton.com

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Branch Manager Kevin Brierton NMLS #599873
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