The content of maintenance or maintenance contracts for children is also important. If you make payments to your ex, this is included in your monthly debts. On the other hand, if you can show that you receive monthly payments that will last for a while, it can help your qualifying income. First, your lender will ask for your legal separation agreement. If you have a real estate transaction agreement, you will need one as well. This order, made and signed by a judge, will tell your lender who is responsible for what in the divorce. This is important because it can have a big influence on your qualified debt-to-income (DTI) ratio. If the lender receives documents confirming the transfer of ownership of the property, this liability should not be considered part of the borrower`s recurring monthly obligations. If a borrower owes a mortgage debt, whether or not the other party makes the monthly mortgage payments, the referenced property must be included in the number of properties financed (if applicable, according to B2-2-03, Multiple Funded Properties for the Same Borrower).
No, you can designate the title, transaction or trust company of your choice, subject to the terms of the contract. an approved IRS tranche agreement with repayment terms, including the monthly payment amount and the total amount due; and if a borrower has entered into a instalment payment agreement with the IRS to repay outstanding federal taxes, can the lender include the amount of the monthly payment as part of the borrower`s monthly obligations (instead of requiring full payment) if: who am I being directed to if I suspect fraudulent behavior on Fannie Mae`s own property? Should I use fannie Maes of selected securities, colonies or trust companies? In condominium situations, the DTI is also important. If you receive a state loan (FHA, USDA, VA), your spouse`s debts are included in your DTI. However, your creditworthiness is not charged to you for qualification purposes. This also does not apply to traditional loans. No, Fannie Mae needs the expertise of local real estate sellers and only accepts offers through our real estate agents. You can work with any real estate seller to make an offer to the real estate agent who listed the property. The lender is not required to account for this contingent liability (PITIA) as part of the borrower`s recurring monthly obligations if the lender verifies that the buyer of real estate has made periodic and timely payments for the mortgage for at least 12 months in the past. . . .