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If child support isn used to qualify a borrower, does it have to be added to the bond qualifying income for compliance?

April 26, 2017added Bond borrower child support compliance income qualify Qualifying Used

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If child support isn used to qualify a borrower, does it have to be added to the bond qualifying income for compliance?

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Yes. Compliance review differs from underwriting in that it must include all forms of income, such as alimony and child support, Social Security, pensions, dividends, interest income, bonuses, overtime, commissions, etc.