Disposable Income


Definition of "Disposable income"

Sue Pinney
  Coldwell Banker Cornerstone

Personal income minus personal income tax payments and other government deductions. It is the personal income available for people to spend or save; also called take-home pay. It may be a critical factor to consider by prospective homebuyers.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Covenant

Entering into a contractual commitment such as signing a three year leas. Agreeing to perform o ...

Mortgage Interest Deduction

Tax deduction for interest paid or accrued within the taxable year with respect to mortgage indebted ...

Vested Benefit

Entitlement of a participant in an employee benefit insurance plan to receive benefits regardless of ...

Attribution

Also called constructive ownership. A situation where the tax law assigns to one taxpayer the owners ...

Zoning Records

Documentation of zoning requirements and changes thereto. ...

R Value

Heat resistance measure commonly used with insulating material, outside walls, and roofs. The highe ...

Related Real Estate FAQ

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor 7 Things to Consider Before Moving to a New City Is it better to buy or sell a home first What is Hazard Insurance? What do Real Estate Attorneys do?

FAQ

What is Freddie Mac? What is a gift letter? What are prepayment penalties? What is a title? What is a down payment?