Depending on the circumstances surrounding your bankruptcy, some lenders will not consider providing mortgage financing. How will child support affect mortgage qualification?
Where you pay child support 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 or child maintenance 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.
Related Questions
- Depending on the circumstances surrounding your bankruptcy, some lenders will not consider providing mortgage financing. How will child support affect mortgage qualification?
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