Hi all,

As I understand, agents/sellers often require an initial 3% as the earnest deposit. Mine is seeking 3.5% or 3.18% as the lowest option. I feel the amount's a little weird and after this earnest deposit is paid, I will have 10 days to secure a bank loan or the deal will fall through. Can banks process loans that quickly?

This is my first time, so your thoughts are highly appreciated. Thanks!