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Do lenders count child care as a monthly “debt?” : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

Do lenders count child care as a monthly “debt?”

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Child care is regarded by most loan programs as something other than “debt” for mortgage qualification purposes. The logic is that child care is not an obligation in the sense of a car loan or credit card bill.

For details, speak with loan officers.

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