I have had clients who are divorcing or divorced, who encounter difficulties when they attempt to refinance their home and they try to include support payments they receive as income to qualify for their refinance.
According to a mortgage specialist, Bill Wolfe, who is part of my collaborative practice group, lenders are becoming more stringent about “qualifying income” in connection with refinancing as the result of a divorce. The resource specialist shared the current lending guidelines regarding support income. Read more …
