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.
You can get a down payment as low as 3.5% for an FHA loan, but for conventional loans you will need to put at least 20% down if you want to avoid the added cost of Private Mortgage Insurance (PMI).Earnest money, also known as a good faith deposit, is money you actually need to put down before closing.You put up earnest money, which can be as little as a few 100 dollars or as much as 3% of the total loan amount, as soon as you make an offer on a house to prove to the buyer that you are serious.he amount of money you need to get a mortgage depends on several factors, including: 1  The cost of the home. 2  The type of mortgage. 3  How much you plan to use as a down payment.