GRACE RAPPA
GRACE RAPPA
*Top 1% of 64,000 Coldwell Banker Agents Nationwide*
(908)301-2019 Direct Line
(908)770-4411 Cell Phone
Previews Specialist
NJAR Circle of Excellence Award 1981-2009

"MOVE TOWARD YOUR DREAMS"

WESTFIELD AREA REAL ESTATE
"Let Grace Take You To Your New Place"

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 ]