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for debt to income ratio, is the gross amount or net salary get counted? Is child support included as income?

by lisa789 from Pembroke, Virginia. Sep 16th 2016 Reply


Ralph Richard Guertin (ralph@absolutelowrates.com)
#135 ranked lender in Florida - 787 contributions

Gross amount and CS is included if it is court ordered and it will continue for at least 3 years...

Sep 16th 2016
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Drew Edwards (DrewEdwards)
#81 ranked lender in Virginia - 6 contributions

Gross income and Child support is used if it will continue 3 plus years and has been received reguarly for at least the previous 6 months

Sep 16th 2016
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Josh Lund (Josh_Lund)
#47 ranked lender in Minnesota - 113 contributions

Good question! The gross amount is what we base off of from your income. As for the child support question, if you have proof that you have received the support for at least three months it can be included as income. We can also gross the amount up to 25%.

Sep 16th 2016
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

Gross amount. Child support if court ordered and as Ralph said will continue for at least 3 yrs.

Sep 16th 2016
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