Child Support-Alimony & Mortgage Approval

Home Loan rules have change from the past both for Arizona Mortgage Lender's and for mortgage companies across the country.  Using Child Support and/or Alimony to qualify for a new home loan is no exception.  It is important to understand what income you can and cannot use when trying to get approved for a new Mortgage. Rules for Using Child Support or Alimony income for Mortgage Approval In order to use child support/alimony and/or spousal maintenance we must make sure the income meets the … [Read more...]