How will child support and alimony affect my mortgage qualification?

Author: Gary Corriveau

If you are paying child support and alimony to another person, generally the amount paid out is deducted from your total income before determining the mortgage amount that you would qualify for approval.

If you are receiving child support and alimony from another person, the amount paid to you will be added to your total income before determining the mortgage that you will qualify for approval.



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