Origin of the name Payton: Transferred use of the English surname, which is from the place-name Payton in Devon. The name is thought to be derived from the obsolete Anglo-Saxon personal name Paegan pÃ¦gan and The Old english (tÅ«n, town, settlement). Village From A world Of Baby names By Teresa. normanransferred use of the English surname, which is from the place-name Payton in Devon. The name is thought to be derived from the obsolete Anglo-Saxon personal name Paegan pÃ¦gan and The Old english (tÅ«n, town, settlement). Village From A world Of Baby names By Teresa. norman
The meaning of earnest money is in the name â itâs a deposit of good faith on a home loan from buyer to seller. An earnest money deposit will set your offer apart from other applicants, and itâs generally an accepted part of the VA loan process.
In very competitive markets 'the earnest' may represent a substantial portion of the completion cost. In the USA, between about 2000 and 2005 real estate purchase earnest money deposits reached about 5% of the sales price. In other situations, a significant token payment (equivalent to around one week or one month's salary) may be acceptable. (In the USA during 2008 typically $500 or $1000 was acceptable)