Financing in Stow : Questions & Answers

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Micah Riley-…, Real Estate Pro in 44224
Micah Riley-Local Expert answered:
I am trying to re-fi on my rental property. My income used includes arrearages for child support which is owned for the next 14 years.
I would check with a different lender. Some lenders have different requirements with it comes to these restrictions. Call me and I will give you the number of someone who could probab ... more
0 votes Share Flag Mon Nov 17, 2014 Financing in Stow
Micah Riley-…, Real Estate Pro in 44224
Micah Riley-Local Expert answered:
Can child support arrears prevent an FHA loan from being approved, even if regular payments have been automatically taken out for the last few years.?
I would not imagine that it will affect your ability to obtain a loan. However, it will go into the debt/income calculation. Have you thought about a Conventional loan with 5% down or ... more
0 votes Share Flag Mon Nov 17, 2014 Financing in Stow
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