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redmen999
65 Posts |
 Posted - 05/15/2008 : 07:34:59 AM
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| borrower byuing 625k single fam in PA...putting 400k down plus closing costs. Has a 803 middle score with no other debt. So here's the problem...she gets 3000 a month in child support(will continue for more then 3 years and is already getting the money for 6 months). She is finalizing alimony this week....around 550k divided by 5 or 10 years...but she will not get any of the money until next week so I can't use it as income (need 3 months history per citimortgage). $3000 a month won't fly debt ratio is like 70%...any ideas? |
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ss5547
250 Posts |
Posted - 05/15/2008 : 07:41:54 AM
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| For some people being a divorcee is a full time job. You could throw that in her employment field, get an income waiver through DO and contact her ex-husband to do the VOE. All kidding aside, hard money may be the only option on this one. |
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