How will child support affect mortgage qualification?
Where child support and alimony are paid by you to another person, generally the amount paid out is deducted from your total income before determining the size of mortgage you will qualify for. Where child support and alimony are received by you from another person, generally the amount paid may be added to your total income before determining the size of mortgage you will qualify for, provided proof of regular receipt is available for a period of time determined by the lender.
Where you pay child support and alimony to another person, generally the amount paid out is deducted from your total income before determining the size of mortgage you will qualify for. Where you receive child support and alimony from another person, generally the amount paid may be added to your total income before determining the size of mortgage you will qualify for, provided proof of regular receipt is available for a period determined by the lender.
(UP) Where child support and alimony are paid by you to another person, generally the amount paid out is deducted from your total income before determining the size of mortgage you will qualify for. Where child support and alimony are received by you from another person, generally the amount paid may be added to your total income before determining the size of mortgage you will qualify for, provided proof of regular receipt is available for a period of time determined by the lender.
Where child support and alimony are paid by you, the amount paid is deducted from your total income before determining the size of mortgage you qualify for. Where child support and alimony are received by you, the amount paid may be added to your total income before determining the size of mortgage you qualify for. Lenders typically want proof in the form of a court ordered document.
