Overdue child support and applying for a mortgage
On behalf of Stange Law Firm, PC posted in Child Support on Friday, July 26, 2019. Illinois parents who have to pay child support should know that this obligation is considered a debt when they try to qualify for a home loan. If they are delinquent in paying child support or have a child support arrearage, it can be considered a negative credit event and impair their chances of being approved for a mortgage. However, it is not entirely impossible for people who owe overdue child support payments to qualify for a mortgage. Individuals who want to obtain a mortgage