Alimony, Child Support, or Maintenance income may be considered only if evidence of all of
the following is provided for a mortgage loan approval:
• Payments are likely to be received consistently for the first three years of the
mortgage;
• A copy of the divorce decree, legal separation agreement, voluntary agreement, or
court order specifying the amount of support and the period of time over which it will
be received is required; and
• Evidence that the funds have been received for the last 6 months using cancelled
checks, deposit slips, Federal tax returns, or court records.
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Showing posts with label alimony. Show all posts
Showing posts with label alimony. Show all posts
What are the guidelines for using Alimony, Child Support, or Separate Maintenance income for A Kentucky Mortgage Loan Approval?
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alimony,
child support,
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I have helped over 1300 Kentucky families buy or refinance their home over the last 20 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process.
I have several advantages over the large banks in town. First, I can search and negotiate for your loan options through several different mortgage companies across the country to get you the best deal locally. Where most banks will offer offer you their one set of loan products. I have access to over 10 different mortgage companies to broker your loan through to get you the best pricing and loan products that may not fit into the bank's program due to credit, income, or other underwriting issues.
You will not get lost in the shuffle like most borrowers do at the mega banks; you're just not a number at our company, you are a person and we will treat you like one throughout the entire process.
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