Question by  Djoneechan (142)

I get alimony. Can I use that as income to buy a house?


Answer by  technogeek (6640)

Yes you can use the income to help buy a house. It would look better on your application if the alimony is court ordered, this way, the mortgage company will know that the income will not end.


Answer by  tamarawilhite (17883)

If you have an alimony agreement that will last as long as the home loan, it can be considered income. If the alimony is obligated for less than the duration of the loan, it shouldn't be considered in whether you can afford the home. Buy a home that is 1/4 of your take home pay or rent.


Answer by  Melissa101010 (4405)

As long as your alimony is court ordered and you have documentation of the income, like your bank statement then, yes you can claim that as income to buy a house.


Answer by  UmeshG (404)

Now it is your own money so 100% you can do whatever you want no one will ask you that why you used that money not only that you can do anything with your money.


Answer by  John (9008)

You can use alimony just like you do any other income; there are no limits on what you do with it. It differs from child support in that way.

You have 50 words left!