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Section 502 loan question for mortgage gurus

Posted on 1/19/10 at 8:18 am
Posted by bendellee
Member since Aug 2006
2428 posts
Posted on 1/19/10 at 8:18 am
Is the $480 deduction per child a deduction from annual or monthly gross income?

Also, in the app process, do they look at currently monthly gross, or last tax return?

And finally, how often do they adjust the numbers for the 115% mark?
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