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.

 

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Pam Shockey, Broker Assoc., CLHMS, e-PRO
Keller Williams Southwest
Direct 281-435-9808 or 281-778-8566

Pamshockey@siennaparkwayrealty.com
contact pam
Each Office is Independently Owned and Operated.




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