Question

Sylvia wants to purchase a home. she is recently divorced and is receiving alimony for the next ten years in addition to child support for her three year old son. she has been in her present job for five years. what sources of income can she include in her loan application?

Answer 1

Her salary from her job, alimony, and child support. All of these impact her income and can be included. The specific requirements vary by the type of lan and lender.