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 ]


Home | Contact Bill | Homes Search | Current Listings | 100K-350K | 350k-500K | 500-1MK | 1-2 M SF Old Town | 1800 ATLANTIC CONDO | TRUMAN ANNEX | Sunset Key | Investment/Transient | Short SalesForeclosure | Tax and Map Link | Mortgage Calculator | Mortgage Rates | Buyer/Seller Info | Dream Home Finder | Key West Links | Guest Book | Community Info/Links

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu