Alimony, child support & separate maintenance

These liabilities are considered long-term debts if they will continue for at least ten more months. Separate maintenance is a form of support payments for couples who are involved in a formal separation, but not yet divorced.
If an applicant is divorced or separated, he or she must submit to the mortgage lender a copy of the separation agreement or divorce decree, with accompanying property settlement agreement. These documents will indicate the monthly alimony, child support and separate maintenance payments that is expected from the applicant.