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.
There are reasons to try and keep the deposit as small as possible, but not so small that the seller doesn't take it seriously. You see, once a buyer and seller agree to terms, the earnest money deposit is usually placed in a trust account. At that point it is no longer the buyer's money -- it belongs jointly to the buyer and seller. Almost all deals close and the earnest money funds are applied to the buyer's down payment and closing costs.