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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Westchester County Real Estate Agent and Putnam County Homes
Westchester Putnam Realtor Alexander Rallis - Broker Owner- 1(866)222-0772
RE/MAX Heritage Realty 1870 East Main St. Mohegan Lake, New York 10547. Serving Yorktown Heights, Croton, Chappaqua, Westchester Putnam Counties New York.


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