The Mortgage Mistake That Could Cost You Your Earnest Money

One of the biggest misconceptions I see is that all mortgage lenders are basically the same. Just like real estate agents, that couldn't be further from the truth. Over my 11 years in real estate, I've never had a client lose their earnest money deposit. There have been a few close calls, though, and almost every one of them had one thing in common: the lender stopped communicating or failed to identify a financing issue early enough for us to solve it.