Posted on: 09th Dec, 2013 01:09 am
Is it possible that alimony and child support will hurt my chances of getting a home loan approval?
Alimony and child support will be counted as your debts and may be included while calculating your debt to income ratio. If the debt to income ratio exceeds too much, then you may not get a loan approval.
Hi LVR!
Welcome to the forums!
I agree with Niicss. You will have to make monthly payments on alimony and child support. So, it plays a major role while deciding your debt to income ratio.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with Niicss. You will have to make monthly payments on alimony and child support. So, it plays a major role while deciding your debt to income ratio.
Feel free to ask if you've further queries.
Sussane