Sentences with phrase «cover higher monthly payments»

Also, make sure you will be able to cover higher monthly payments.

Not exact matches

However, due to the low down payment, your monthly payment will probably be quite high, so make sure that you have enough money to cover those payments for the life of your loan.

However, due to the low down payment, your monthly payment will probably be quite high, so make sure that you have enough money to cover those payments for the life of your loan.

Trying to reach the recommended 30 percent credit utilization ratio can feel like an overwhelming task when the majority of your monthly payment goes to cover high interest.

If you do not have sufficient earnings to cover all your monthly payments, you are a high - risk borrower — regardless of your credit score.

Negative amortization can occur when an ARM has a payment cap that results in monthly payments not high enough to cover the interest due.

This means that at the start of your mortgage, your payments may not be high enough to cover the principal and mortgage payments, but the difference is added to the total principal of the loan, which you will pay off in time as the monthly mortgage payments gradually increase.

Negative amortization can occur when an ARM has a payment cap that results in monthly payments not high enough to cover the interest due.