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In this episode of The Home Show, Tevin and I explain how Mortgage lenders define capacity as "a borrower's ability to repay a loan based on the borrower's income, assets, and debt obligations." Capacity is a crucial factor that lenders consider when evaluating a mortgage loan application, as it assures that the borrower can afford to make the monthly mortgage payments and meet other financial obligations.
Please leave a review and share with anyone this information will benefit. Thank you!
Low on down payment💰 and closing cost funds💶? TSAHC can help with options for First-Time and Move up home🏠 buyers.
******Schedule a free 15-minute consultation: https://linktr.ee/lend2usa
******Watch all of the show episodes: https://youtube.com/playlist?list=PLcXaJoDSsd2iZk0fEnqv3sreK4yod0jIU
Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not reflect the official policy or position of Robert Lewis, Lend2usa, or American Mortgage Bank. Examples of analyses performed within this podcast are only examples. They should not be utilized in the real world because they are not based on your situation. Seek a licensed professional.
Robert E Lewis NMLS 180100
By Robert LewisIn this episode of The Home Show, Tevin and I explain how Mortgage lenders define capacity as "a borrower's ability to repay a loan based on the borrower's income, assets, and debt obligations." Capacity is a crucial factor that lenders consider when evaluating a mortgage loan application, as it assures that the borrower can afford to make the monthly mortgage payments and meet other financial obligations.
Please leave a review and share with anyone this information will benefit. Thank you!
Low on down payment💰 and closing cost funds💶? TSAHC can help with options for First-Time and Move up home🏠 buyers.
******Schedule a free 15-minute consultation: https://linktr.ee/lend2usa
******Watch all of the show episodes: https://youtube.com/playlist?list=PLcXaJoDSsd2iZk0fEnqv3sreK4yod0jIU
Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not reflect the official policy or position of Robert Lewis, Lend2usa, or American Mortgage Bank. Examples of analyses performed within this podcast are only examples. They should not be utilized in the real world because they are not based on your situation. Seek a licensed professional.
Robert E Lewis NMLS 180100