I pay/receive child support. How does this affect my mortgage application?

March 27, 2013 By Hatch Mortgages

If you’re paying child support and/or alimony, that amount is generally deducted from your total income before any other calculations. (You may need to show proof of regular payment.) If you’re receiving child support and/or alimony, that amount is generally added to your total income before any other calculations. (You may need to show proof of regular receipt.)


Archives