Rob Clough
Rob Clough
Office: 734-454-3706
E-Fax: 734-527-6041
9450 S. Main st. suite 101
Plymouth MI, 48170
A Real Estate Broker
licensed in the State of Michigan
GRI, ABR education

Viking Real Estate.net
Providing a superior level of professional
real estate service in the greater Detroit area
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.

 

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