761 CMR, § 21.42
Current through Register 1537, December 20, 2024
MHMFA will normally require that the total amount of monthly housing expense (referred to in 761 CMR 21.41) , plus all other monthly payments on all installment debts having remaining terms of more than 12 months do not exceed approximately 35% of Borrower's "stable monthly income." Alimony, child support and maintenance payments are considered long term monthly obligations, unless such obligations terminate in less that 12 months.
761 CMR, § 21.42