Tag: reduction of income

Child Support as Reduction of Income vs. Liability

Question: Will VA allow child support to be deducted from the income, or must it always be treated as a liability? Answer: Spousal support may be treated as a reduction in income on VA Form 26-6393, Loan Analysis.Child support payment is treated as a liability on VA Form 26-6393, Loan Analysis. Reference: VA Lenders Handbook, […]

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