What is an Afford Ability Analysis? - Definition

What is an Afford Ability Analysis? - Definition
An AFFORD ABILITY ANALYSIS is an analysis of a buyer’s ability to afford the purchase of a home. The analysis reviews income, liabilities, available funds, and considers the type of mortgage you plan

to use, as well as, the area where you want to purchase a home, and the potential closing costs. This may also be known as a pre-approval.