A glossary of real estate and mortgage terms for home buyers and sellers
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| Term | Definition |
|---|---|
| Affordability Analysis |
A detailed analysis of your ability to afford the purchase of a home. An affordability analysis takes into consideration your income, liabilities, and available funds, along with the type of mortgage you plan to use, the area where you want to purchase a home, and the closing costs that you might expect to pay. |
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