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Meaning / Definition of
Affordability
Categories: Loan and Mortgage, Credit and Debt, Real Estate,
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? , How Much House Should You Buy? and Mortgage Affordability: Should Government Require It?
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Risk Manager
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