Question about child support
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Question about child support
| Wed, 08-02-2006 - 11:37pm |
A friend of mine told me that unless child support is paid through the court to me that I can't claim it as income in the event that I try to get a loan. Is this true? It makes sense in that in order to get a loan, I would need to prove income and something from the court would be much more "real" and steady than copies of checks from X but I've never heard this before. I don't know if it varies from state to state (I live in Tennessee) or if it depends on the lender or what.
Does anybody know anything about this?
Thanks,
Stephanie

Hi Stephanie-
I have refinanced my home on my own since my divorce. I did claim child support as income. My child support payments come directly from my ex’s employer, not the court. It is a steady amount bi-weekly plus every other paycheck he gets commission. I sent the lender a copy of my divorce decree plus 3 months worth of my bank statements with the child support deposits circled. They also wanted proof of my children’s ages as my child support ceases when my kids turn 18. The lender wanted to ensure the payments would continue for at least 3 more years.
I hope this helps.
Karen
Karen ~ wildlucky4me ~