Sentences with phrase «handle high monthly payments»
But the tight timeframe could put a heavy burden on your cash flow right now, so make sure you can handle high monthly payments for a little while.
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Homeowners who can handle the higher monthly payments can benefit from refinancing to a shorter term.
For borrowers that can qualify for a better interest rate and can handle a higher monthly payment, it's possible to save thousands of dollars in interest.
But you've got to be able to handle a higher monthly payment in Year 8 without financial distress.»
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Not only will you be able to handle your monthly payments better with a higher income, but you are much more likely to be approved for a refinancing loan at a lower interest rate.
Higher interest rates typically means more debt to handle later on, as well as larger monthly payments.
Payment shock threshold is based on the idea that a borrower who is already paying significant housing payments every month can handle a larger payment, while a borrower who has very small housing payments currently may be a victim of payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently Payment shock threshold is based on the idea that a borrower who is already paying significant housing payments every month can handle a larger payment, while a borrower who has very small housing payments currently may be a victim of payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently payment, while a borrower who has very small housing payments currently may be a victim of payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently payment shock and default on the loan if the payments are significantly higher than the monthly payments they are currently making.
They're told that they'll be able handle the monthly payment after they graduate and get that high paying job.
Many whose mortgages came up for renewal in 1981 had to sell because they couldn't handle the higher new monthly mortgage payments.