Real Estate Glossary



  Capacity

Lenders will want to know if you can repay the mortgage debt you incur -- this is known as your capacity. Lenders will base their evaluation on employment information, how long you've worked, and how much you are paid. Lenders will also review your expenses and any other debt obligations you have. This means they'll want to know how many dependents you have and whether you pay any alimony or child support, for example.

 

[ Back To Real Estate Glossary ]

"A New Direction in Real Estate"


Our Listings | Search MLS | MLS Pulse | Dream Home Finder | New Construction | Lease/Rentals | Our Agents | Relocation | Buyer/Seller Info | Mortgage Calculator | Mortgage Rates | Market Analysis | Area Schools | Real Estate News | Area Overview | Community Info/Links | Local Phone Numbers | Weather Report | Contact Us | Newsletter | Testimonials | Guest Book | Home

Website design and hosting by iHOUSE ®

Site Admin Menu