A glossary of real estate and mortgage terms for home buyers and sellers
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| Term | Definition |
|---|---|
| What-If Scenario |
A change in the amounts that is used as the basis of an affordability analysis. A what-if scenario can include changes to monthly income, debts, or down payment funds or to the qualifying ratios or down payment expenses that are used in the analysis. You can use a what-if scenario to explore different ways to improve your ability to afford a house. |
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