Once a child support order is in place, the non-custodial parent must make regular payments on time and in the right amount. Some non-custodial parents may want reassurance that their child support payments are going towards their children’s needs, but custodial parents aren’t required to account for how support payments are used.
Quite often we see mortgage applicants, generally single mothers applying for financing that have income from a job and child support. Sometimes, the child support is the make or break item that is the difference in qualifying the applicant for a home loan. However, due to the inconsistent nature inherent in some child support relationships, there are a number of rules that apply to getting the child support payments to qualify as income for a mortgage applicant.
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Child Support Enforcement. Missouri Automated Child Support System Payment Information. This application runs best in Internet Explorer 10 or higher or for mobile devices use the google chrome browser. payment Information includes the last 13 months of payments and disbursements.
Learn how child support and alimony payments are calculated and the. takes into consideration fixed expenses such as a mortgage, car payments and utilities.
FHA Loan answers: child support and Debt-To-Income Ratios. A reader asks, "What about Child Support?My mortgage broker said that if it doesn’t come up on credit report it will not count as a deduction.
The law assumes that the custodial parent is paying for housing, food, and clothing directly by making the mortgage or rent payments and buying groceries and clothes. The non-custodial parent contributes to these expenses by making a cash payment to the custodial parent. Child Support Is Based on Parents’ Incomes
Having a case with Child Support Services creates a record of all child support payments, provides a neutral go-between for parents, and can help both parents avoid court and assist with navigating the child support system. Child Support services staff act in the public interest and do not represent either side of a child support case.