What does affordability analysis mean? Plymouth real estate termsWhat does affordability analysis mean? Plymouth real estate terms. Affordability analysis is an analysis of a buyers ability to afford the purchase of a home. Reviews income, liabilities and available funds, and considers the type of mortgage you plan to use, the area where you want to purchase a home, and the closing cost that are likely. Simply put affordability analysis is when you sit down with your mortgage lender and they review your credit and income. This is one of the most import phases of the home buying process. Even though the mortgage lender says you can financially afford a big payment, it is up to you to realistically sit down and decide how much you can truly afford. For more information on Plymouth Real Estate terms, or if you are interested in buying a Plymouth home, please give me a call at 313-310-9855 or email me at yesmyrealtor@gmail.com Search Plymouth homes for sale South Eastern Michigan real estate Michigan Lake Info:
http://www.detroitmichiganrealestatehomes.com/00588B Posted on Jan 06, 2012 @ 6:45 am by russ.ravary - View Profile
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