Yes! I assume this is based on the collection of Child Support or Alimony as most lenders require that there be a continuance of income for 3 years from the date your loan would close in order to use the income in your loan application.
Yes, lenders are required to confirm that income counted to help you qualify will continue for 3 years after closing.
Most lenders want to see any non-employment income source continue for at least 3 years. If it won't, you can use it as a compensating factor. Are there any other income sources you could use, or is there anyone that can co-sign with you?
Yes, lenders will look to see that income will continue for at least three more years to ensure that you will be able to pay off the loan.
The answer is as everyone has stated, YES.
Yes... Generally speaking, lenders look to see if the income will likely continue for at least the next three years. So common issues are things like child support or alimony that will be ending in the near future NOT being able to be used as qualifying income.www.Minneapolis-Mortgage.net
Yes they can if you are speaking about child support or alimony.
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