In what situations that a downpayment for mortage is not refundable?
For example, I am buying a house for $ 500K. I am putting down $ 300K as downpayment. I am going to take a loan for $ 200K. If I fail to get a loan approval from the bank or somehow a deal with the seller fails, would my downpayment be lost. That’s, I would not get my downpayment back?