Affordability
Definition
A consumer's capacity to afford a house. Affordability is usually expressed in terms of the maximum price the consumer could pay for a house, and be approved for the mortgage required to pay that amount. Read How Much House Can You Afford? And How Much House Should You Buy?
Related Terms Other terms related to 'Affordability' starting with the letter 'A' Auction site, Accrued interest, Assumable mortgage, Automated underwriting system, Assumption Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 