Alimony or Child Support Obligations? If you are buying a home with conventional home financing, the lender will add your child support payment to your monthly debt.  However, if you have an alimony obligation, the lender has the option to either add it to your monthly debt OR subtract it from your monthly income. This may sound similar, but it can make a difference in how much of a home you qualify for. The key is to work with a lender who knows how to structure your home financing the best way for you!  Before you start looking for a home, let’s talk!

Related Article Title: Fannie Mae’s Top Trending Questions – Dated March 23, 2021 Written by: Lloyd Rutherford, Staff Writer One of the best ways that you can learn is to commit to reading the FAQs or Top Trending Questions published by the agencies.  This article contains the latest Trending Questions, and we will bet that […]

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