Sylvia wants to purchase a home. She is recently divorced and is receiving alimony for the next ten years in addition to child support for her three year old son. She has been in her present job for five years. What sources of income can she include in her loan application?

Question

Quizplus · Accepted Answer

Sylvia can include her salary from her job, alimony, and child support in her loan application as all three are sources of income that she is receiving. Including all sources of income can improve her chances of qualifying for a higher loan amount or lower interest rate.

Sylvia Wants to Purchase a Home