Investor · Hillsboro, OR · Member since 2016 · 310 posts · 153 votes
I have a loan set up with a HML. The comps that I am getting back from contractors are showing that this deal will be a lot skinnier then I would like. Even with me doing some of the manual labor. I know I will lose my earnest money. But, how will this effect my ability to borrow again ?
The HML is probably not going to care. They would rather you be smart with their money than waste it and them have to go after you to recover it. On the earnest money, it just depends on how the contract was written. If you are past all the contingency periods then, yes you will lose that money. If you used a RE agent to do the contract, check with them.