Child Support or Alimony

b1Most Lenders use 1​​00% of Child Support and/or Alimony income provided that it does not exceed 30% of the total income being used to qualify. You must be able to provide copy of separation agreement and proof of receipt of funds by way of bank statements.

​If you’re paying Child Support or Alimony, you must include this payment as a monthly debt obligation​. Again, the lender will need to see a copy of your separation agreement or some proof that these payments are being made (ie. we’ve used cancelled cheques as proof of payment with a couple of lenders).