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.
Unfortunately, some real estate agents never explain the importance of the earnest money amount, nor how it is handled. Especially in todayâs market, most buyers will have to go to the closing with a minimum of 10% of the purchase price, so why can they not pay half down as good faith payment. There are no standard, set fees in real estate.