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  Affordability Analysis Definition
Affordability Analysis A lender uses an affordability analysis in order to determine whether or not you are able to make payments on the home you want to purchase. This analysis takes a look at things like your income, your debts and liabilities, and the funds you have in reserve. The type of mortgage you will be applying for, the location of the home you are looking to purchase in and the potential closing costs of the transaction are also taken into consideration.

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