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Affordability Analysis
January 19, 2023
A preemptive analysis to determine whether the borrower is able to afford purchasing a home. This analysis usually considers: income, liabilities, available funds, credit score, interest rate, type of home loan, likely taxes, home insurance cost, and potential closing costs. Understanding the various cost factors that are involved in a mortgage can help provide you with reassurance to the affordability of your future home.
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